January-March 2006 Interim Report

Net sales rose to SEK 640.2 million (471.0) in the first quarter. The operating profit amounted to SEK 32.9 million (19.1). The profit after full income tax was SEK 21.6 million (11.1). Earnings per share after full income tax totaled SEK 1.73 (0.97). New agreements boosted sales and earnings. Acquisitions paved the way for international expansion.

Market Trends Companies are increasingly engaging contract manufacturers like PartnerTech to assume responsibility during a product's entire life cycle. Because of PartnerTech's ability to handle large, complex projects, a growing number of businesses view it as an attractive candidate when procuring integrated solutions. Competitive conditions are relatively favorable since few other contract manufacturers can offer as broad a range of services and as comprehensive international coverage. New contracts and acquisitions substantially boosted PartnerTech’s revenue in the first three months from the same period last year. Underlying demand by the customer segments in which PartnerTech operates remained relatively stable. PartnerTech and Tomra extended their cooperation on reverse vending machines in January when they signed a new agreement for delivery in 2006. Worth approximately SEK 300 million to PartnerTech, the order covered production, assembly and distribution of Tomra’s MasterPac product.