Forceful measures realise new strategy

Forceful measures realise new strategy

Financial Performance January-March
• Sales were SEK 427.3 (425.0) m
• Operating profit was SEK 13.8 (24.8) m. Profit wasreduced by costs of just
over SEK 10 m for  
  ongoing restructuring
• The operating margin was 3.2% (5.8%)
• Profit after financial items was SEK 11.5 (23.0) m
• Profit after tax was SEK 7.5 (16.0) m, or SEK 0.78 (1.66) per share
• Cash flow was SEK 24.0 (45.6) m, or SEK 2.49 (4.74) per share

Significant events January-March
• Strategic change process continues—measures implemented to transfer
labour-intensive production  
  and sourcing services to low-cost countries, downsizing headcount in Sweden by
over 150 (20%) in  
  the year 
• UK acquisition—new Nearsourcing Centre for long-term sales growth started in
the UK 
• Swedish mechanical engineering services acquisition—valuable know-how added
close to   
  customers to develop advanced mechanical prototypes and for shorter production
runs
• New share-related incentive scheme—50 senior executives joined the program


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

Calendar for financial information from NOTE during 2008: 
Interim report January-June 18 July  
Interim report January-September 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 leading contract manufacturers of electronics
and 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