INTERIM REPORT January-March 2004<\/p>\n
Continued growth under positive cash flow<\/p>\n
- Net sales increased by 63.5 per cent to SEK 286.1 (175.0) million.
\n For comparable units, the increase in turnover was around 21 per cent.
\n- Operating profit increased by 63.8 per cent to SEK 23.1 (14.1) million.
\n For comparable units, the increase in profit was around 14 per cent.
\n- Profit after tax was SEK 14.1 (8.2) million, giving a profit per
\n share of SEK 1.82 (1.07).
\n- Positive cash flow after investments, SEK 30.4 million (0.2)<\/p>\n
The NOTE group's net sales in the first quarter of 2004 increased
\nto SEK 286.1 (175.0) million. Of the increase in turnover
\nacquired entities that were not part of the group in the corresponding period
\nprevious year, approximately SEK 74 million. For comparable units, the amount was
\nthe increase in turnover to around 21 per cent. Operating profit improved
\nby a total of 63.8 per cent to SEK 23.1 million and for comparable units
\nthe improvement in performance was around 14 per cent.<\/p>\n
Overall demand in the EMS industry has softened slightly after a
\nsignificant increase in the last quarter of the previous year. This is a normal
\nseasonal variation, which makes it difficult to determine the
\nmovement.<\/p>\n
For NOTE, however, growth continued in the first quarter with
\nboth increasing volumes and new missions.<\/p>\n
- The year has started satisfactorily. The economic situation is
\n difficult to assess, but NOTE is well positioned for continued growth, both
\n organically and through acquisitions,\" says President and CEO Erik Stenfors.<\/p>\n
At an Extraordinary General Meeting on 15 March, a 20:1 share split was decided
\nas well as changes in the group's board of directors.<\/p>\n
Read the full interim report at www.note.se<\/p>\n
Further information is provided by:
\nErik Stenfors, President and CEO of NOTE; +46 (0)176-799 01 or +46 (0)709-50 80 70<\/p>\n
————————————————————
\nThis information was sent by Waymaker http:\/\/www.waymaker.se
\nThe following files are available for download:
\nhttp:\/\/www.waymaker.net\/bitonline\/2004\/04\/27\/20040427BIT01130\/wkr0001.doc
\nhttp:\/\/www.waymaker.net\/bitonline\/2004\/04\/27\/20040427BIT01130\/wkr0002.pdf<\/p>\n