NOTE's Interim Report January-September 2009

NOTE's Interim Report January-September 2009 

Significant restructuring costs during the third quarter

Financial performance, January-September
• Sales reduced by 30% to SEK 908.6 (1,295.0) m
• Operating loss of SEK -88.1 (44.1) m, including non-recurring costs of SEK
63.7 m
• The operating margin was -9.7% (3.4%)
• The loss after financial items was SEK -93.7 (36.0) m
• The loss after tax was SEK -71.1 (23.4) m, or SEK -7.39 (2.43) per share
• Cash flow after investments was SEK 9.7 (31.3) m, or SEK 1.01 (3.25) per share

Financial performance, July-September
• Sales reduced by 33% to SEK 267.4 (398.5) m
• Operating loss of SEK -61.4 (14.2) m, including non-recurring costs of SEK
55.7 m relating to the decision to cease producing a significant product in the
Telecom segment 
• The operating margin amounted to -23.0% (3.6%)
• The loss after financial items was SEK -62.7 (12.0) m
• The loss after tax was SEK -46.6 (7.7) m
• Cash flow after investments was SEK 14.2 (1.9) m

Significant events in January-September
• Knut Pogost appointed as CEO and President of NOTE
• Market breakthrough for Nearsourcing—Kongsberg Defence & Aerospace of Norway
decided to utilise the NOTEfied preferred parts database when developing new
products, building on its collaboration with the Nearsourcing centre in Oslo
• Nearsourcing secures new customers—new collaboration agreements signed with
companies including OTRUM, Telespor, Tour & Andersson, Radi Medical Systems and
Radiocrafts
• Structural change in Telecom—a decision to cease a significant product by
NOTE's largest customer in its Telecom segment necessitates further downsizing
of operations at NOTE's unit in Skellefteå


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

The Year-end Report for 2009 will be published on 10 February 2010.

For more information, please contact:
Knut Pogost, CEO and President, tel. +46 (0)8 568 99006, +46 (0)70 552 3444
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