Weak fourth quarter earnings trends -Action program adopted to improve profitability

Weak fourth quarter earnings trends -Action program adopted to improve
profitability

Declining demand is expected to generate operating earnings close to breakeven
for the fourth quarter. An action program is being adopted to adjust costs to
lower sales and to streamline operations. The measures are expected to steadily
boost earnings during 2008. Non-recurring costs of SEK 50 million will be
charged to fourth quarter earnings. For all of 2007, operating earnings
(including non-recurring costs) are expected to total SEK 20 million and sales
are expected to total SEK 2.6 billion.

Following several years of rapid growth and multiple acquisitions, operations
need to be consolidated and streamlined to achieve synergies and economy of
scale. The action program that is being adopted will optimize operations to
current volumes while more clearly defining processes and areas of expertise.
The measures will lead to a staff reduction affecting around 150 employees -
primarily at units in Sweden, Finland and the UK. The total program will save an
estimated SEK 100 million on a full-year basis. The impact on operating earnings
is expected to grow steadily starting in the second quarter of 2008 and fully
manifest during the fourth quarter.

Non-recurring costs of SEK 50 million will be charged to operating earnings for
the fourth quarter of 2007. The underlying source of the costs is write-off of
inventory and accounts receivable. The recent changes of the CEO role and
impairment of goodwill for Finnish operations are also included in non-recurring
costs.

“The measures we have adopted are necessary, and they will further strengthen
and streamline our business concept,” says Acting CEO Rune Glavare. “This
adjustment, as well as a focus on our operating processes and structures, will
reinforce our leading position in the European contract manufacturing sector.”

Mr. Glavare and CFO Jonas Arkestad will hold a teleconference at 10:00 CET today
to discuss the above information.

To participate in the teleconference, dial +46 (0)8 5052 0110 well ahead of
time.

A PowerPoint slide show will be available at www.partnertech.com/press


For additional information, feel free to call:
Rune Glavare, Acting CEO, +46 706-20 24 54
Jonas Arkestad, CFO, +46 40-10 26 42 or +46 706-59 15 10
Marielle Noble, IR/Communications Manager, +46 40-10 26 43 or +46 706-54 67 35

PartnerTech
PartnerTech develops and manufactures products under contract for leading
companies, primarily in telecommunications, IT, the engineering industry and
medical technology. With some 1,800 employees at its plants in Sweden, Norway,
Finland, Poland, the UK, the United States and China, PartnerTech reported sales
of approximately SEK 3 billion in 2006. PartnerTech AB (www.partnertech.com),
the parent company, has its head office in Malmö and is listed on the OMX Nordic
Exchange Stockholm.

Information reported to the Swedish Financial Supervisory Authority
(Finansinspektionen)