PartnerTech Interim Report January-March 2011

PartnerTech Interim Report January-March 2011

• Net sales were SEK 586.7 million (557.4)
• Operating profit was SEK 3.1 million (-1.7), after restructuring costs
of SEK 7.4 million for  
  consolidation of the British business in Cambridge
• Loss after tax was SEK -4.3 million (-5.1)
• Earnings per share after tax totalled SEK -0.34 (-0.41)
• Cash flow after investments amounted to SEK 15.6 million (-11.3)
• The equity/assets ratio was 36.7% (41.4) on March 31

Business continues to improve
PartnerTech's business continued to improve in the first quarter, while
both sales and operating earnings were higher than the same quarter of
2010. Market activity was brisker and new orders were announced. The
Industry and Information Technology market areas reported the largest
growth compared with the first quarter of 2010.

Improved earnings were due to the measures and adjustments we have
adopted at most of our units, along with higher sales. The previously
announced consolidation of our British business to our Cambridge unit
reduced operating profit, which would have been SEK 10.5 million without
these costs.

The complete report is attached to this message.

For additional information, please call:
Leif Thorwaldsson, President and CEO, +46 40-10 26 41
Jonas Arkestad, CFO, +46 40-10 26 42
Marielle Noble, Communications and Investor Relations Manager, +46 40-10
26 43