Financial Performance January-June
\n- Sales amounted to SEK 896.5 (895.2) m
\n- Operating profit was SEK 29.9 (55.3) m. Profit was reduced by non-recurring costs of SEK 20 m for
\n the ongoing restructuring package
\n- The operating margin amounted to 3.3% (6.2%)
\n- Profit after financial items was SEK 24.0 (51.5) m
\n- Profit after tax was SEK 15.7 (38.4) m, or SEK 1.63 (3.99) per share
\n- Cash flow was SEK 29.4 (73.4) m, or SEK 3.05 (7.63) per share<\/p>\n
Financial Performance April-June
\n- Sales amounted to SEK 469.2 (470.2) m
\n- Operating profit was SEK 16.2 (30.5) m. Profit was reduced by non-recurring costs of SEK 10 m for
\n the ongoing restructuring package
\n- The operating margin amounted to 3.4% (6.5%)
\n- Profit after financial items was SEK 12.5 (28.5) m
\n- Profit after tax was SEK 8.2 (22.4) m
\n- Cash flow was SEK 5.4 (27.8) m<\/p>\n
Significant events January-June
\n- Strategic change process continues-measures implemented to transfer labour-intensive production
\n and sourcing services to cost-efficient countries, downsizing headcount in Sweden by over 200 staff,
\n or just over 25% in the year
\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 subscribed for the scheme<\/p>\n
\nNOTE's Interim Report for January-June is now available in PDF format on the corporate web site, www.note.eu and attached to this message.<\/p>\n
The Interim report for January-September will be published on 24 October. <\/p>\n
For further information, please contact:
\nArne Forslund, CEO & President, tel. +46 (0)8 568 990 07, +46 (0)70 547 74 77
\nHenrik Nygren, CFO, tel. +46 (0)8 568 990 03, +46 (0)70 977 06 86 <\/p>\n