NOTE posts continously improved profitability

NOTE posts continously improved profitability

January-June
• Sales increased 8% to SEK 895.2 (831.6) m
• Operating profit improved by 29% to SEK 55.3 (43.0) m
• Operating margin increased to 6.2% (5.2%)
• Profit after tax was SEK 38.4 (27.9) m or SEK 3.99 (2.90) per share
• Cash flow was SEK 73.4 (8.3) m, SEK 7.63 (0.86) per share
• New Board appointed, Arne Forslund reinstated as CEO 
• Long-term collaborations signed with Kongsberg and Schneider Electric
• Decision on new financial objectives 

Second quarter
• Sales increased 9% to SEK 470.2 (433.1) m
• Operating profit improved by 27% to SEK 30.5 (24.1) m
• Operating margin increased to 6.5% (5.6%)
• Profit after tax was SEK 22.4 (15.8) m 
• Cash flow was SEK 27.8 (-15.4) m 

New financial objectives
Growth objective: NOTE will increase its market shares, organically and via
acquisitions.

Profitability objective: NOTE will achieve profitable growth. Long term and on
average over a business cycle, profitability, expressed as return on operating
capital, will exceed 35%.

Capital structure objective: The minimum equity to assets ratio will be 30%.

NOTE's Interim Report for January-June 2007 is now both available in PDF format
at NOTE's website, www.note.se, and attached to this message.

The Interim Report for January-September 2007 will be published on 26 October
2007.


For further information, please contact:
Arne Forslund, CEO, tel. +46 8-568 990 07, +46 705-477 477
Henrik Nygren, CFO, tel. +46 8 568 990 03, +46 709-77 06 86
Annelie Wirdefeldt, Director of IR/IS, tel. +46 8 568 990 01, +46 76-815 99 99

About NOTE 
“Our business concept is to produce electronics from design to after-market in
close co-operation with our customers.” NOTE is one of the Nordic region's
leading contract manufacturers of electronics and is established in Sweden,
Finland, Norway, the UK, Estonia, Lithuania and Poland. Net sales for 2006
totalled SEK 1,742 m, and the NOTE group has approximately 1,100 employees. Read
more at: www.note.se