Financial Performance January-September
\n- Sales amounted to SEK 1,295.0 (1,285.1) m
\n- Operating profit was SEK 44.1 (83.4) m. Profit was reduced by costs of approximately SEK 30 m for
\n the ongoing restructuring package
\n- The operating margin amounted to 3.4% (6.5%)
\n- Profit after financial items was SEK 36.0 (77.2) m
\n- Profit after tax was SEK 23.4 (57.3) m, or SEK 2.43 (5.95) per share
\n- Cash flow was SEK 31.3 (34.3) m, or SEK 3.25 (3.57) per share<\/p>\n
Financial Performance July-September
\n- Sales amounted to SEK 398.5 (389.9) m
\n- Operating profit was SEK 14.2 (28.1) m. Profit was reduced by costs of approximately SEK 10 m for
\n the ongoing restructuring package
\n- The operating margin amounted to 3.6% (7.2%)
\n- Profit after financial items was SEK 12.0 (25.7) m
\n- Profit after tax was SEK 7.7 (18.9) m, or SEK 0.80 (1.96) per share
\n- Cash flow was SEK 1.9 (-39.1) m, or SEK 0.20 (-4.06) per share<\/p>\n
Significant events January-September
\n- Strategic change process continues-measures implemented to transfer labour-intensive production
\n and sourcing services to cost-efficient countries, which will downsize headcount in Sweden by 200
\n staff, or just over 25%
\n- UK acquisition-new Nearsourcing Centre for long-term sales growth started in the UK
\n- Swedish mechanical engineering services acquisition-valuable mechanical engineering know-how
\n added close to customers to develop advanced prototypes and for shorter production runs
\n- New share-related incentive scheme-50 senior executives have subscribed for the scheme<\/p>\n
Significant events after the end of the period
\n- Consistent, methodical focus on Nearsourcing-measures implemented in October to downsize
\n employee headcount in Sweden by a further total of approximately 100 staff<\/p>\n
NOTE's Interim Report for January-September is now available in PDF format on the corporate web site, www.note.eu and attached to this message.<\/p>\n
The Year-end Report for January-December will be published on 11 February 2009. <\/p>\n
For 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