PartnerTech Interim Report January - June 2011

PartnerTech Interim Report January - June 2011

 

SECOND quarter 2011
• Net sales were SEK 562.0 million (524.0)
• Operating profit was SEK 5.0 million (-14.7)
• Profit after tax was SEK 0.2 million (-13.8)
• Earnings per share after tax totaled SEK 0.01 (-1.09)
• Cash flow after investments amounted to SEK 0.3 million (8.6)

FIRST HALF of 2011
• Net sales were SEK 1,148.7 million (1,081.4)
• Operating profit improved by SEK 24.6 million and amounted toSEK 8.1
million (-16.5)
• Loss after tax was SEK -4.2 million (-18.9)
• Earnings per share after tax totaled SEK -0.33 (-1.49)
• Cash flow after investments amounted to SEK 15.9 million (-2.7)
• The equity/assets ratio was 38.1% (38.0) on June 30

Improved earnings and increased sales
Six-month profit improved by SEK 24.6 million compared to the year-ago
period. That is clear evidence that the company's profitability-oriented
activities have had an effect. Also sales were higher than the first
half of 2010. During the second quarter a few customer orders were
postponed, which affected sales in the quarter. In addition, strong
demand -primarily for the Industry market area - decelerated somewhat
although growth continued. For these reasons, second quarter sales were
somewhat weaker than anticipated.

The complete report is attached to this message.

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