Q1 - Powerful adaptation for the future
Financial performance January-March
- Sales totalled SEK 329.1 (427.3) million
- The operating result amounted to SEK -8.6 (13.8) million
- Operating margin amounted to -2.61% (3.21%)
- Profit after net financial items totalled SEK -11.1 (11.5) million
- Profit after tax amounted to SEK -8.4 (7.5) million, corresponding to SEK -0.88 (0.78) per share
- Cash flow after investments amounted to SEK -15.3 (24.0) million, corresponding to SEK -1.59 (2.49) per share
Significant events January-March
- Continued strategic transformation - measures taken to relocate labour-intensive manufacturing and
purchasing services to the Group's entities in cost-efficient countries. During the period, the number of
employees in Sweden with 91 persons corresponding to 16%
- New financing solution - new financing agreement signed with NOTE's bank connection
- Acquisition in Norway - establishment of Nearsourcing Centre for further sales growth in the Norwegian market
the market
- Market breakthrough for Nearsourcing - Kongsberg Defence & Aerospace has based its cooperation
with the Nearsourcing Centre in Oslo decided to use the NOTEfied component database in developing
of new products
- Nearsourcing brings new customers - new co-operation agreements signed with OTRUM, Telespor and others
and Tour & Andersson
NOTE's Interim Report for January-March is available from today as a PDF file on the group's website, www.note.eu, and is attached to this press release.
The half-yearly report for January-June will be presented on 17 July.
The interim report for January-September will be presented on 20 October.
For further information, please contact:
Arne Forslund, President and CEO, tel. 08-568 990 07, 070-547 74 77
Henrik Nygren, Chief Financial Officer, tel. 08-568 990 03, 070-977 06 86