January-September 2004 Interim Report
January-September 2004 Interim Report Higher Sales Volume and Cost Effectiveness Measures Generated Substantially Higher Earnings Net revenue was SEK 1,225.7 million (960.2). Operating earnings were SEK 46.8 million (-19.5). The profit after tax amounted to SEK 24.1 million (-23.8). Earnings per share after full income tax totaled SEK 2.11 (-2.09). Sales volume was up by 37% in the third quarter. Market Trends Along with ongoing internal cost effectiveness measures, PartnerTech's advances in the market have produced results. Improvement of market conditions in the segments where PartnerTech's customers are active fortified that trend during the first nine months. PartnerTech signed a number of major new contracts in January-September. All of the new assignments were high up in the value chains of customer products. A major contributing factor to PartnerTech's advances was its focus on the contract manufacture of entire systems or products on the basis of expertise in mechatronics (the combination of electronics and mechanics). The contract manufacturing sector has undergone major changes since the wave of investments, which was linked primarily to telecommunications developments, culminated in 2000. The sector's capacity has strategically repositioned since that time. PartnerTech develops and manufactures products under contract for leading companies, primarily in telecommunications, IT, the engineering sector and medical technology. The company (www.partnertech.com), which has approximately 1,300 employees, posted sales of more than SEK 1.3 billion in 2003 and is quoted on the O list of the Stockholm Stock Exchange. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/10/25/20041025BIT21020/wkr0010.pdf Read the entire report in pdf http://www.waymaker.net/bitonline/2004/10/25/20041025BIT21020/wkr0012.doc Read the entire report in word