{"id":15809,"date":"2008-10-24T08:45:00","date_gmt":"2008-10-24T06:45:00","guid":{"rendered":"https:\/\/www.note-ems.com\/press-releases\/q3-fortsatt-hog-forandringstakt\/"},"modified":"2025-12-02T08:28:32","modified_gmt":"2025-12-02T07:28:32","slug":"q3-still-high-rate-of-change","status":"publish","type":"mfn_news","link":"https:\/\/www.note-ems.com\/en\/pressmeddelande\/q3-fortsatt-hog-forandringstakt\/","title":{"rendered":"Q3 - Continued high rate of change"},"content":{"rendered":"<p>Financial performance January-September<br \/>\n- Sales totalled SEK 1 295.0 (1 285.1) million <br \/>\n- Operating profit totalled SEK 44.1 (83.4) million, with costs of approximately <br \/>\n  30 million for the ongoing restructuring <br \/>\n- The operating margin amounted to 3.41% (6.51%) <br \/>\n- Profit after net financial items totalled SEK 36.0 (77.2) million<br \/>\n- Profit after tax totalled SEK 23.4 (57.3) million, corresponding to SEK 2.43 (5.95) per share <br \/>\n- Cash flow amounted to SEK 31.3 (34.3) million, corresponding to SEK 3.25 (3.57) per share <\/p>\n<p>Financial performance July-September   <br \/>\n- Sales totalled SEK 398.5 (389.9) million <br \/>\n- Operating profit totalled SEK 14.2 (28.1) million, with costs of approximately <br \/>\n  10 million for the ongoing restructuring <br \/>\n- The operating margin amounted to 3.61% (7.21%)<br \/>\n- Profit after net financial items totalled SEK 12.0 (25.7) million <br \/>\n- Profit after tax totalled SEK 7.7 (18.9) million, corresponding to SEK 0.80 (1.96) per share <br \/>\n- Cash flow amounted to SEK 1.9 (-39.1) million, corresponding to SEK 0.20 (-4.06) per share<\/p>\n<p>Significant events January-September <br \/>\n- Continued strategic transformation - measures taken to relocate labour-intensive manufacturing and  <br \/>\n  sourcing services to cost-effective countries, which will reduce the number of employees in Sweden by <br \/>\n  200 people or just over 25%<br \/>\n- Acquisition in the UK - establishment of a new Nearsourcing centre for long-term sales growth in the UK <br \/>\n  English market<br \/>\n- Acquisition of Swedish mechanical supplier - valuable mechanical expertise brought close to customers for <br \/>\n  developing advanced prototypes and manufacturing small series<br \/>\n- New share-based incentive programme - 50 senior executives have subscribed to the programme<\/p>\n<p>Significant events after the end of the period<br \/>\n- Consistent, methodical approach to Nearsourcing - measures taken in October to reduce  <br \/>\n  the number of employees in Sweden by about 100 additional people<\/p>\n<p>NOTE's Interim Report for January-September is available as of today as a PDF file on the group's website, www.note.eu, and is attached to this press release. <\/p>\n<p>The year-end report for January-December will be presented on 11 February 2009.<\/p>\n<p>For further information, please contact: <br \/>\nArne Forslund, President and CEO, tel. 08-568 990 07, 070-547 74 77 <br \/>\nHenrik Nygren, Chief Financial Officer, tel. 08-568 990 03, 070-977 06 86 <\/p>\n<div class=\"mfn-footer\"><\/div>\n<div class=\"mfn-footer mfn-about\"><\/div>\n<div class=\"mfn-footer mfn-attachment mfn-attachment-general\">\n<p><strong class=\"mfn-heading-1\">Attached files<\/strong><br \/><a class=\"mfn-primary\" href=\"https:\/\/feed.ne.cision.com\/Commands\/File.aspx?id=885538\" rel=\"noopener\" target=\"_blank\">wkr0003.pdf<\/a><br \/><a href=\"https:\/\/feed.ne.cision.com\/Commands\/File.aspx?id=885539\" rel=\"noopener\" target=\"_blank\">wkr0009.pdf<\/a><\/p>\n<\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><div class=\"mfn-attachment\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/proxy\/wkr0003-pdf.pdf?url=https%3A%2F%2Ffeed.ne.cision.com%2FCommands%2FFile.aspx%3Fid%3D885538\" target=\"_blank\" rel=\"noopener\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/proxy\/wkr0003-pdf.pdf?url=https%3A%2F%2Ffeed.ne.cision.com%2FCommands%2FFile.aspx%3Fid%3D885538&type=jpg\"><\/span>wkr0003.pdf<\/a><\/div><div class=\"mfn-attachment\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/proxy\/wkr0009-pdf.pdf?url=https%3A%2F%2Ffeed.ne.cision.com%2FCommands%2FFile.aspx%3Fid%3D885539\" target=\"_blank\" rel=\"noopener\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/proxy\/wkr0009-pdf.pdf?url=https%3A%2F%2Ffeed.ne.cision.com%2FCommands%2FFile.aspx%3Fid%3D885539&type=jpg\"><\/span>wkr0009.pdf<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"Finansiell utveckling januari\u2013september \u2022 F\u00f6rs\u00e4ljningen uppgick till 1 295,0 (1 285,1) MSEK \u2022 R\u00f6relseresultatet uppgick till 44,1 (83,4) MSEK, resultatet har belastats av kostnader om cirka 30 MSEK f\u00f6r den p\u00e5g\u00e5ende omstruktureringen \u2022 R\u00f6relsemarginalen uppgick till 3,4% (6,5%) \u2022 Resultat efter finansnetto uppgick till 36,0 (77,2) MSEK \u2022 Resultat efter skatt uppgick till 23,4 (57,3) &#8230;","protected":false},"template":"","class_list":["post-15809","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-report-interim","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn","mfn-news-tag-mfn-report-interim-q3","mfn-news-tag-mfn-regulatory","mfn-news-tag-mfn-report","mfn-news-tag-mfn-lang-sv","mfn-news-tag-mfn-regulatory-vpml"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.note-ems.com\/en\/wp-json\/wp\/v2\/mfn_news\/15809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.note-ems.com\/en\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/www.note-ems.com\/en\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/www.note-ems.com\/en\/wp-json\/wp\/v2\/media?parent=15809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}