Q1 - Resolutely adapting to our future Financial performance January-March • Sales amounted to SEK 329.1 (427.3) m • Operating loss of SEK -8.6 (13.8) m • The operating margin amounted to -2.6% (3.2%) • The loss after financial items was SEK -11.1 (11.5) m • The loss after tax was SEK -8.4 (7.5) m, or SEK -0.88 (0.78) per share • Cash flow after investments was SEK -15.3 (24.0) m, or SEK -1.59 (2.49) per share Significant events January-March • Continued strategic realignment—measures implemented to transfer labour-intensive production and sourcing services to the group's units in cost-efficient countries. Staffing in Sweden reduced by 91 people, or 16%, in the period • New funding facility—new funding facility arranged with NOTE's bank connection • Acquisition in Norway—start-up of Nearsourcing centre for additional sales growth on the Norwegian market • Market breakthrough for Nearsourcing—building on its collaboration with the Nearsourcing centre in Oslo, Kongsberg Defence & Aerospace of Norway decided to utilise the NOTEfied preferred parts database when developing new products • Nearsourcing secures new customers—new collaboration agreements signed with companies including OTRUM, Telespor and Tour & Andersson NOTE's Interim Report for January-March is now available in PDF format on the corporate web site, www.note.eu and attached to this message. The Interim Report for January-June will be published on 17 July. The Interim Report for January-September will be published on 20 October. For more information, please contact: Arne Forslund, CEO and President, tel. +46 (0)8 568 99007, +46 (0)70 547 7477 Henrik Nygren, CFO, tel. +46 (0)8 568 99003, +46 (0)70 977 0686 About NOTE NOTE's business concept is to offer services in the production and logistics of electronics-based products. NOTE has a presence in Sweden, Norway, Finland, the UK, Estonia, Lithuania, Poland and China. In 2008, net sales were SEK 1,710 m; the group has approximately 1,200 employees. For more information, please go to www.note.eu
Q1 - Resolutely adapting to our future
| Source: NOTE AB