Interim report January - March 2001

Continued growth within IT/mechatronics and medical equipment - transitional period for telecom infrastructure · Net sales increased by 24 percent to SEK 310.5 million (250.4). · · The operating profit was SEK 4.4 million (20.5). The equity/assets ratio rose to 35.3% (28.8). · Earnings per share after full income tax were SEK 0.08 (1.73). · · Continued internationalisation - acquisition of a Polish- Swedish telecom supplier. Market trends During the first three months of the year, the telecom infrastructure market segment was heavily affected by the general slowdown within the telecom sector, as well as the major production retooling for 3G that has occurred and is still under way in the Nordic countries. Similarly, the segment has been affected by the fact that investment in the United States is now going into GSM applications instead of the TDMA system. PartnerTech remains convinced that the segment has very large long-term potential. The restructuring currently being carried out by the telecom sector should spur additional outsourcing activity. But demand is expected to be limited in the near future. The IT/mechatronics and medical equipment market segments continued to enjoy solid growth during the first three months. PartnerTech has not noticed any signs of a cyclical slowdown in either segment. In fact, PartnerTech is starting more customer projects in the first half of 2001 than ever before. Net sales, profit and profitability For the first quarter, PartnerTech reported net sales of SEK 310,5, an increase of 24% from the same period of 2000. Two percent of the increase was attributable to comparable units. Lower sales for the telecom infrastructure market segment were due to the production re- tooling that is under way in the sector. The IT/mechatronics and medical technology market segments continued to enjoy solid growth. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/04/27/20010427BIT01340/bit0001.DOC http://www.bit.se/bitonline/2001/04/27/20010427BIT01340/bit0001.pdf