Year-end report for 2007 - PartnerTech's earnings lower than forecast

Year-end report for 2007 - PartnerTech's earnings lower than forecast 

Due to lower sale volumes, PartnerTech forecast full-year operating earnings of
SEK 20 million in December 2007. The forecast included non-recurring costs of
SEK 50 million and an action plan. Since that time, additional non-recurring
costs of SEK 28.6 million have been identified. Meanwhile, operating earnings
have been affected to a greater extent than expected by the sales volume decline
and currency fluctuations. As a result, the total outcome is SEK 37.5 million
lower than forecast. 

Fourth quarter of 2007
• Net sales were SEK 659.5 million (800.3).
• The operating loss was SEK -86.6 million (41.7).

Full-year 2007:
• Net sales were SEK 2,643.6 million (3,057.2).
• The operating loss was SEK -17.5 million (180.0).

Read the entire report in the attached file. 

Following strong growth in 2006, PartnerTech's net sales declined by
approximately 13% in 2007. The lower sales, of which three major customers
account for 86%, have required adaptations to current volumes. An action program
was initiated in December for that purpose. The difference between the forecast
and actual outcome stems from the increased costs associated with acceleration
of adaptation and reorganization efforts late in the fourth quarter.
Furthermore, the impact of sales decreases and currency fluctuations during the
quarter were greater than expected.

Rune Glavare
Acting CEO 

Invitation to teleconference:
When: 11.00 CET, Monday, February 4
Phone number: +46 (0)8 5052 0110 
PartnerTech participants: Rune Glavare, Acting CEO, and Jonas Arkestad, CFO

The presentation will be available at PartnerTech's website www.partnertech.com
under the heading of Press well ahead of the teleconference.


For additional information, please call: 
Rune Glavare, Acting CEO, PartnerTech AB, +46 (0) 706 20 24 54
Jonas Arkestad, CFO, +46 (0)40-10 26 42 or +46 (0)70-659 15 10
Marielle Noble, IR & Communications Manager, +46 (0)40-10 26 43 or +46 (0)706
546735


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 AB
(www.partnertech.com), the parent company, is headquartered in Malmö and listed
on the OMX Nordic Exchange Stockholm.

Information reported to the Swedish Financial Supervisory Authority
(Finansinspektionen)