Q2 – Continued measures realise new strategy

Financial Performance January-June
• Sales amounted to SEK 896.5 (895.2) m
• Operating profit was SEK 29.9 (55.3) m. Profit was reduced by non-recurring costs of SEK 20 m for
the ongoing restructuring package
• The operating margin amounted to 3.3% (6.2%)
• Profit after financial items was SEK 24.0 (51.5) m
• Profit after tax was SEK 15.7 (38.4) m, or SEK 1.63 (3.99) per share
• Cash flow was SEK 29.4 (73.4) m, or SEK 3.05 (7.63) per share

Financial Performance April-June
• Sales amounted to SEK 469.2 (470.2) m
• Operating profit was SEK 16.2 (30.5) m. Profit was reduced by non-recurring costs of SEK 10 m for
the ongoing restructuring package
• The operating margin amounted to 3.4% (6.5%)
• Profit after financial items was SEK 12.5 (28.5) m
• Profit after tax was SEK 8.2 (22.4) m
• Cash flow was SEK 5.4 (27.8) m

Significant events January-June
• Strategic change process continues—measures implemented to transfer labour-intensive production
and sourcing services to cost-efficient countries, downsizing headcount in Sweden by over 200 staff,
or just over 25% in the year
• UK acquisition—new Nearsourcing Centre for long-term sales growth started in the UK
• Swedish mechanical engineering services acquisition—valuable mechanical engineering know-how
added close to customers to develop advanced prototypes and for shorter production runs
• New share-related incentive scheme—50 senior executives subscribed for the scheme


NOTE’s Interim Report for January–June is now available in PDF format on the corporate web site, www.note.eu and attached to this message.

The Interim report for January–September will be published on 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