{"id":16487,"date":"2008-04-18T07:30:00","date_gmt":"2008-04-18T05:30:00","guid":{"rendered":"https:\/\/www.note-ems.com\/mfn_news\/forceful-measures-realise-new-strategy\/"},"modified":"2025-12-02T08:28:33","modified_gmt":"2025-12-02T07:28:33","slug":"forceful-measures-realise-new-strategy","status":"publish","type":"mfn_news","link":"https:\/\/www.note-ems.com\/en\/press-release\/forceful-measures-realise-new-strategy\/","title":{"rendered":"Forceful measures realise new strategy"},"content":{"rendered":"<p>Financial Performance January-March<br \/>\n- Sales were SEK 427.3 (425.0) m<br \/>\n- Operating profit was SEK 13.8 (24.8) m. Profit wasreduced by costs of just over SEK 10 m for  <br \/>\n  ongoing restructuring<br \/>\n- The operating margin was 3.2% (5.8%)<br \/>\n- Profit after financial items was SEK 11.5 (23.0) m<br \/>\n- Profit after tax was SEK 7.5 (16.0) m, or SEK 0.78 (1.66) per share<br \/>\n- Cash flow was SEK 24.0 (45.6) m, or SEK 2.49 (4.74) per share<\/p>\n<p>Significant events January-March<br \/>\n- Strategic change process continues-measures implemented to transfer labour-intensive production  <br \/>\n  and sourcing services to low-cost countries, downsizing headcount in Sweden by over 150 (20%) in  <br \/>\n  the year <br \/>\n- UK acquisition-new Nearsourcing Centre for long-term sales growth started in the UK <br \/>\n- Swedish mechanical engineering services acquisition-valuable know-how added close to   <br \/>\n  customers to develop advanced mechanical prototypes and for shorter production runs<br \/>\n- New share-related incentive scheme-50 senior executives joined the programme<\/p>\n<p>\nNOTE'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.<\/p>\n<p>Calendar for financial information from NOTE during 2008: <br \/>\nInterim report January-June 18 July  <br \/>\nInterim report January-September 24 October  <\/p>\n<p>For further information, please contact: <br \/>\nArne Forslund, CEO &amp; President, tel. +46 (0)8 568 990 07, +46 (0)70 547 74 77 <br \/>\nHenrik Nygren, CFO, tel. +46 (0)8 568 990 03, +46 (0)70 977 06 86 <\/p>\n<div class=\"mfn-footer\"><\/div>\n<div class=\"mfn-footer mfn-about\"><\/div>\n<div class=\"mfn-footer mfn-attachment mfn-attachment-general\">\n<p><strong class=\"mfn-heading-1\">Attachments<\/strong><br \/><a href=\"https:\/\/feed.ne.cision.com\/Commands\/File.aspx?id=795699\" rel=\"noopener\" target=\"_blank\">wkr0003.pdf<\/a><\/p>\n<\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><div class=\"mfn-attachment\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/proxy\/wkr0003-pdf.pdf?url=https%3A%2F%2Ffeed.ne.cision.com%2FCommands%2FFile.aspx%3Fid%3D795699\" target=\"_blank\" rel=\"noopener\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/proxy\/wkr0003-pdf.pdf?url=https%3A%2F%2Ffeed.ne.cision.com%2FCommands%2FFile.aspx%3Fid%3D795699&type=jpg\"><\/span>wkr0003.pdf<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"Financial Performance January-March - Sales were SEK 427.3 (425.0) m - Operating profit was SEK 13.8 (24.8) m. Profit wasreduced by costs of just over SEK 10 m for ongoing restructuring - The operating margin was 3.2% (5.8%) - Profit after financial items was SEK 11.5 (23.0) m - Profit after tax was SEK 7.5 ...","protected":false},"template":"","class_list":["post-16487","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-ci","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn","mfn-news-tag-mfn-ci-other","mfn-news-tag-mfn-regulatory","mfn-news-tag-mfn-regulatory-vpml"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.note-ems.com\/en\/wp-json\/wp\/v2\/mfn_news\/16487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.note-ems.com\/en\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/www.note-ems.com\/en\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/www.note-ems.com\/en\/wp-json\/wp\/v2\/media?parent=16487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}