Forceful measures realise new strategy

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 (16.0) m, or SEK 0.78 (1.66) per share
• Cash flow was SEK 24.0 (45.6) m, or SEK 2.49 (4.74) per share

Significant events January-March
• Strategic change process continues—measures implemented to transfer labour-intensive production
and sourcing services to low-cost countries, downsizing headcount in Sweden by over 150 (20%) in
the year
• UK acquisition—new Nearsourcing Centre for long-term sales growth started in the UK
• Swedish mechanical engineering services acquisition—valuable know-how added close to
customers to develop advanced mechanical prototypes and for shorter production runs
• New share-related incentive scheme—50 senior executives joined the program


NOTE’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.

Calendar for financial information from NOTE during 2008:
Interim report January-June 18 July
Interim report January-September 24 October

For further information, please contact:
Arne Forslund, CEO & President, tel. +46 (0)8 568 990 07, +46 (0)70 547 74 77
Henrik Nygren, CFO, tel. +46 (0)8 568 990 03, +46 (0)70 977 06 86