NOTE posts continued profitability gains despite reduced volumes in Q3

• Sales increased by 3% to SEK 1,285.1 (1,253,0) m
• Operating profit improved by 19% to SEK 83.4 (69.8) m
• Operating margin grew to 6.5% (5.6%)
• Profit after financial items was SEK 77.2 (63.8) m
• Profit after tax amounted to SEK 57.3 (45.9) m; SEK 5.95 (4.77) per share
• Cash flow was SEK 34.3 (-16.6) m; SEK 3.57 (-1.72) per share

Third quarter
• Sales reduced by 7% to SEK 389.9 (421.4) m
• Operating profit rose by 5% to SEK 28.1 (26.8) m
• Operating margin expanded to 7.2% (6.4%)
• Profit after financial items was SEK 25.7 (25.1) m
• Profit after tax amounted to SEK 18.9 (18.0) m
• Cash flow was SEK -39.1 (-24.9) m
• Acquisition of production capacity in China, strategic collaboration begins with Ionics EMS of the
• Mainly because of the uncertain demand within Telecom, sales during Q4 is expected to be lower
then estimated

New incentive scheme proposed for senior executives
Within the auspices of a three-year incentive scheme, the Board has resolved to submit a proposal
on the issuance of warrants corresponding to 500,000 shares. This package may imply maximum
dilution of 5%, and is targeted at over 50 senior executives of the group. The proposed pricing is on
market terms. An Extraordinary General Meeting (EGM) will be held in Stockholm, Sweden, on
29 November 2007.

NOTE´s interim report for January-September is now available in PDF format at NOTE´s website, www.note.se, and attached to this message.

The year-end report for 2007 will be released on 12 February 2008.

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