Q2 - Continued measures realise new strategy

Q2 - Continued measures realise new strategy

Financial Performance January-June
• Sales amounted to SEK 896.5 (895.2) m
• Operating profit was SEK 29.9 (55.3) m. Profit was reduced by non-recurring
costs of SEK 20 m for 
  the ongoing restructuring package
• The operating margin amounted to 3.3% (6.2%)
• Profit after financial items was SEK 24.0 (51.5) m
• Profit after tax was SEK 15.7 (38.4) m, or SEK 1.63 (3.99) per share
• Cash flow was SEK 29.4 (73.4) m, or SEK 3.05 (7.63) per share

Financial Performance April-June
• Sales amounted to SEK 469.2 (470.2) m
• Operating profit was SEK 16.2 (30.5) m. Profit was reduced by non-recurring
costs of SEK 10 m for  
  the ongoing restructuring package
• The operating margin amounted to 3.4% (6.5%)
• Profit after financial items was SEK 12.5 (28.5) m
• Profit after tax was SEK 8.2 (22.4) m
• Cash flow was SEK 5.4 (27.8) m

Significant events January-June
• Strategic change process continues—measures implemented to transfer
labour-intensive production  
  and sourcing services to cost-efficient countries, downsizing headcount in
Sweden by over 200 staff,  
  or just over 25% in the year 
• UK acquisition—new Nearsourcing Centre for long-term sales growth started in
the UK 
• Swedish mechanical engineering services acquisition—valuable mechanical
engineering know-how 
  added close to customers to develop advanced prototypes and for shorter
production runs
• New share-related incentive scheme—50 senior executives subscribed for the
scheme


NOTE's Interim Report for January-June  is now available in PDF format on the
corporate web site, www.note.eu and attached to this message.

The Interim report for January-September will be published on 24 October.  

For further information, please contact: 
Arne Forslund, CEO & President, tel. +46 (0)8 568 990 07, +46 (0)70 547 74 77 
Henrik Nygren, CFO, tel. +46 (0)8 568 990 03, +46 (0)70 977 06 86 

About NOTE 
“Our business concept is to produce electronics from design to after-market
close to our customers.”
NOTE is one of the Nordic region's leaders within manufacturing and logistics
services for electronics-based products. NOTE is established in Sweden, Norway,
Finland, the UK, Estonia, Lithuania, Poland and China. Net sales for 2007
totalled SEK 1,744 m, and the NOTE group has approximately 1,200 employees. Read
more at: www.note.eu