PartnerTech Interim Report January - June 2011
SECOND quarter 2011
• Net sales were SEK 562.0 million (524.0)
• Operating profit was SEK 5.0 million (-14.7)
• Profit after tax was SEK 0.2 million (-13.8)
• Earnings per share after tax totaled SEK 0.01 (-1.09)
• Cash flow after investments amounted to SEK 0.3 million (8.6)
FIRST HALF of 2011
• Net sales were SEK 1,148.7 million (1,081.4)
• Operating profit improved by SEK 24.6 million and amounted toSEK 8.1 million (-16.5)
• Loss after tax was SEK -4.2 million (-18.9)
• Earnings per share after tax totaled SEK -0.33 (-1.49)
• Cash flow after investments amounted to SEK 15.9 million (-2.7)
• The equity/assets ratio was 38.1% (38.0) on June 30
Improved earnings and increased sales
Six-month profit improved by SEK 24.6 million compared to the year-ago period. That is clear evidence that the company’s profitability-oriented activities have had an effect. Also sales were higher than the first half of 2010. During the second quarter a few customer orders were postponed, which affected sales in the quarter. In addition, strong demand -primarily for the Industry market area - decelerated somewhat although growth continued. For these reasons, second quarter sales were somewhat weaker than anticipated.
The complete report is attached to this message.
For additional information, please call:
Leif Thorwaldsson, President and CEO, +46 40-10 26 41
Marielle Noble, Communications- and Investor Relations Manager, +46 40-10 26 43
PartnerTech
PartnerTech develops and manufactures products under contract for leading companies, primarily in Defense and Maritime, Industry, Information Technology, MedTech and Instrumentation, CleanTech and Point of Sale Applications. With almost 1,300 employees at its plants in Sweden, Norway, Finland, Poland, the UK, the United States and China, PartnerTech reports annual sales of more than SEK 2 billion. PartnerTech AB (www.partnertech.com), the parent company, has its head office in Vellinge, Sweden, and is listed on the Nasdaq OMX Stockholm Exchange.
PartnerTech AB, corporate identity number 556251-3308
Box 103, Industrigatan 2, SE-235 22 Vellinge, Sweden
PartnerTech (publ) may be required to publicly disclose the information in this press release pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for public disclosure at 11:30 am on July 14, 2011.