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