Interim Report January-September 2003

Interim Report January-September 2003 Net sales were SEK 960.2 million (988.5). · The loss after financial items was SEK –27.0 million (–35.6). · Earnings per share after full income tax totaled SEK –2.09 (–2.57). · The cash flow after investments was SEK –22.9 million (58.4). · Third quarter operating earnings amounted to SEK –0.4 million (1.4). Gradual improvement during the year Market trends While demand was stable in the third quarter of 2003, economic trends remained instable. After declining in the first quarter, demand was flat in the second and third quarters. The opinion is that the production volumes of customers are no longer decreasing. The generally main source of uncertainty from now on will be the weak U.S. dollar and the decline in Swedish production volumes that may ensue. Following a slow first quarter, the telecom infrastructure business unit faced somewhat improved prospects. Demand remained at a low, but relatively uniform, level during both the second and third quarter. Somewhat increased activity was noted in the segment. However, telecom infrastructure was still subject to significant price pressure. In a generally cautious market, the IT/Mechatronics business unit was characterized by large differences among various areas and businesses. Some areas exhibited an altered and somewhat more forward-looking climate. The trend appeared to stem from the fact that companies were no longer cutting back on their production volumes. Following an across-the-board decline, the market for the medical equipment business unit was cautious. In addition, a number of PartnerTech’s customers were affected by the limited access to venture capital. The Preliminary Earnings Report for full-year 2003 will be released on February 11, 2004. The January-March 2004 interim report will be released on April 22, the January-June interim report on July 15 and the January-September interim report on October 21. The Annual General Meeting will be held on April 22, 2004. PartnerTech AB, October 20, 2003 Mikael Jonson CEO For additional information, please call Mikael Jonson, CEO, at +46 70 678 10 01, or Jonas Arkestad, CFO, at +46 40 10 26 42. The company’s auditors have not examined this interim report. www.partnertech.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/20/20031020BIT20050/wkr0001.pdf Read the entire report

About Us

PartnerTech develops and manufactures products under contract for leading companies, primarily in Defense and Maritime, Industry, Information Technology, MedTech and Instrumentation, CleanTech and Point of Sale Applications. With upwards of 1,300 employees at its plants in Sweden, Norway, Finland, Poland, the UK, the United States and China, PartnerTech reports annual sales of more than SEK 2 billion. PartnerTech AB (www.partnertech.com), the parent company, has its head office in Vellinge, Sweden, and is listed on the Nasdaq OMX Stockholm Exchange.

Subscribe

Documents & Links