Q1 - Resolutely adapting to our future
Financial performance January-March
- Sales amounted to SEK 329.1 (427.3) m
- Operating loss of SEK -8.6 (13.8) m
- The operating margin amounted to -2.6% (3.2%)
- The loss after financial items was SEK -11.1 (11.5) m
- The loss after tax was SEK -8.4 (7.5) m, or SEK -0.88 (0.78) per share
- Cash flow after investments was SEK -15.3 (24.0) m, or SEK -1.59 (2.49) per share
Significant events January-March
- Continued strategic realignment-measures implemented to transfer labour-intensive production
and sourcing services to the group's units in cost-efficient countries. Staffing in Sweden reduced by
91 people, or 16%, in the period
- New funding facility-new funding facility arranged with NOTE's bank connection
- Acquisition in Norway-start-up of Nearsourcing centre for additional sales growth on the Norwegian
market
- Market breakthrough for Nearsourcing-building on its collaboration with the Nearsourcing centre in
Oslo, Kongsberg Defence & Aerospace of Norway decided to utilise the NOTEfied preferred parts
database when developing new products
- Nearsourcing secures new customers-new collaboration agreements signed with companies
including OTRUM, Telespor and Tour & Andersson
NOTE's Interim Report for January-March is now available in PDF format on the corporate web site, www.note.eu and attached to this message.
The Interim Report for January-June will be published on 17 July.
The Interim Report for January-September will be published on 20 October.
For more information, please contact:
Arne Forslund, CEO and President, tel. +46 (0)8 568 99007, +46 (0)70 547 7477
Henrik Nygren, CFO, tel. +46 (0)8 568 99003, +46 (0)70 977 0686