Financial performance January-March
\n- Sales totalled SEK 427.3 (425.0) million
\n- Operating profit totalled SEK 13.8 (24.8) million. The result has been burdened by costs of just over 10
\n MSEK for the ongoing restructuring
\n- The operating margin amounted to 3.21% (5.81%)
\n- Profit after net financial items totalled SEK 11.5 (23.0) million
\n- Profit after tax amounted to SEK 7.5 (16.0) million, corresponding to SEK 0.78 (1.66) per share
\n- Cash flow amounted to SEK 24.0 (45.6) million, corresponding to SEK 2.49 (4.74) per share <\/p>\n
Significant events January-March
\n- Continued strategic transformation - measures taken to relocate labour-intensive manufacturing and
\n sourcing services to low-cost countries, reducing the number of employees in Sweden by 150 during the year
\n people or just over 20%
\n- Acquisition in the UK - establishment of a new Nearsourcing Centre for long-term sales growth in the UK
\n English market
\n- Acquisition of Swedish mechanical supplier - valuable mechanical expertise brought close to customers for
\n developing advanced prototypes and manufacturing small series
\n- New share-based incentive programme - 50 senior executives have subscribed to the programme<\/p>\n
\nNOTE'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. <\/p>\n
Date of financial information from NOTE in 2008:
\nInterim report January-June 18 July
\nInterim report January-September 24 October <\/p>\n
For further information, please contact:
\nArne Forslund, President and CEO, tel. 08-568 990 07, 070-547 74 77
\nHenrik Nygren, Chief Financial Officer, tel. 08-568 990 03, 070-977 06 86 <\/p>\n