January-September 2005 Interim Report

Growth Remains Stable Net revenue rose to SEK 1,447.4 million (1,225.7). The operating profit amounted to SEK 64.1 million (53.2). The profit after tax was SEK 37.7 million (30.2). Earnings per share after full income tax totaled SEK 3.11 (2.64). New strategic agreements signed.

Market Trends PartnerTech’s customers faced stable overall market conditions during the first nine months of 2005. But there were major variations in volume among individual customers and segments. The Nordic market has picked up recently, particularly among a new group of businesses whose outsourcing strategy takes an integrated approach to both the product and supplier chain. That includes companies that develop and market big machine systems, such as lottery terminals and concepts in new areas like broadband services, metering for district heating and payment systems. The acquisition of KSH-Productor in Finland in June 2005 further expanded the PartnerTech Group's European business geographically. The trend toward outsourcing operational responsibility at a high technological level to companies like PartnerTech continued among customers, both in the Nordic countries and the rest of Europe.

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.

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