2008-02-12

Profit improved despite lower volumes in the second half-year

January-December


• Sales increased to SEK 1,743.8 (1,741.5) m
• Operating profit improved by 8% to SEK 111.9 (103.6) m
• Operating margin grew to 6.4% (5.9%)
• Profit after financial items was SEK 103.8 (96.2) m
• Profit after tax amounted to SEK 78.2 (68.6) m, equivalent to SEK 8.13 (7.13) per share
• Cash flow after investments was SEK -0.5 (24.8) m, corresponding to SEK -0.05 (2.58) per share
• Intensified, methodical implementation of NearsourcingTM, NOTE’s unique business model, based
on volume production in costs-efficient countries, the implementation of the NOTEfied preferred parts
database and cost-efficient development work close to the customer, which cuts customers’ time to
market
• The Board of Directors is proposing a dividend increase to SEK 2.75 (2.25) per share

Fourth quarter
• Sales reduced by 6% to SEK 458.6 (488.5) m
• Operating profit was SEK 28.5 (33.8) m
• Operating margin reduced to 6.2% (6.9%)
• Profit after financial items amounted to SEK 26.6 (32.4) m
• Profit after tax was SEK 21.0 (22.7) m
• Cash flow after investments stood at -34.8 (41.4) m

NOTE’s Year-end Report for January-December 2007 is now both available in PDF format at NOTE’s website, www.note.eu, and attached to this message.

The Annual Report for 2007 will be published on 4 April. The Interim Report for January-March 2008 will be published on 18 April.

For more information, please contact:
Arne Forslund, CEO & President, tel. +46 (0)8 568 990 07, +46 (0)70 547 74 77
Henrik Nygren, CFO, tel. +46 (0)8 568 990 03, +46 (0)70 977 06 86

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