Q1 – Resolutely adapting to our future

Financial performance January–March
• Sales amounted to SEK 329.1 (427.3) m
• Operating loss of SEK -8.6 (13.8) m
• The operating margin amounted to -2.6% (3.2%)
• The loss after financial items was SEK -11.1 (11.5) m
• The loss after tax was SEK -8.4 (7.5) m, or SEK -0.88 (0.78) per share
• Cash flow after investments was SEK -15.3 (24.0) m, or SEK -1.59 (2.49) per share

Significant events January–March
• Continued strategic realignment—measures implemented to transfer labour-intensive production
and sourcing services to the group’s units in cost-efficient countries. Staffing in Sweden reduced by
91 people, or 16%, in the period
• New funding facility—new funding facility arranged with NOTE’s bank connection
• Acquisition in Norway—start-up of Nearsourcing centre for additional sales growth on the Norwegian
market
• Market breakthrough for Nearsourcing—building on its collaboration with the Nearsourcing centre in
Oslo, Kongsberg Defence & Aerospace of Norway decided to utilise the NOTEfied preferred parts
database when developing new products
• Nearsourcing secures new customers—new collaboration agreements signed with companies
including OTRUM, Telespor and Tour & Andersson

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.
The Interim Report for January–June will be published on 17 July.
The Interim Report for January–September will be published on 20 October.


For more information, please contact:
Arne Forslund, CEO and President, tel. +46 (0)8 568 99007, +46 (0)70 547 7477
Henrik Nygren, CFO, tel. +46 (0)8 568 99003, +46 (0)70 977 0686