Q1 - Resolutely adapting to our future

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