NOTE posts continued profitability gains despite reduced

NOTE posts continued profitability gains despite reduced volumes in Q3

January-September
• Sales increased by 3% to SEK 1,285.1 (1,253,0) m 
• Operating profit improved by 19% to SEK 83.4 (69.8) m
• Operating margin grew to 6.5% (5.6%)
• Profit after financial items was SEK 77.2 (63.8) m
• Profit after tax amounted to SEK 57.3 (45.9) m; SEK 5.95 (4.77) per share
• Cash flow was SEK 34.3 (-16.6) m; SEK 3.57 (-1.72) per share

Third quarter
• Sales reduced by 7% to SEK 389.9 (421.4) m
• Operating profit rose by 5% to SEK 28.1 (26.8) m
• Operating margin expanded to 7.2% (6.4%)
• Profit after financial items was SEK 25.7 (25.1) m
• Profit after tax amounted to SEK 18.9 (18.0) m
• Cash flow was SEK -39.1 (-24.9) m
• Acquisition of production capacity in China, strategic collaboration begins
with Ionics EMS of the 
  Philippines
• Mainly because of the uncertain demand within Telecom, sales during Q4 is
expected to be lower 
  then estimated

New incentive scheme proposed for senior executives
Within the auspices of a three-year incentive scheme, the Board has resolved to
submit a proposal  
on the issuance of warrants corresponding to 500,000 shares. This package may
imply maximum  
dilution of 5%, and is targeted at over 50 senior executives of the group. The
proposed pricing is on 
market terms. An Extraordinary General Meeting (EGM) will be held in Stockholm,
Sweden, on 
29 November 2007.

NOTE´s interim report for January-September is now available in PDF format at
NOTE´s website, www.note.se, and attached to this message.

The year-end report for 2007 will be released on 12 February 2008.

For further information, please contact: 
Arne Forslund, CEO, tel. +46 8 568 990 07, +46 70 547 7477 
Henrik Nygren, CFO, tel. +46 8 568 990 03, +46 70 977 0686

About NOTE 
“Our business concept is to produce electronics from design to after-market in
close co-operation with our customers.” 
NOTE is one of the Nordic region's leading contract manufacturers of electronics
and is established in Sweden, Finland, Norway, the UK, Estonia, Lithuania,
Poland and China. Net sales for 2006 totalled SEK 1,742 m, and the NOTE group
has approximately 1,100 employees. Read more at: www.note.se
NOTE posts continued profitability gains despite reduced volumes in Q3

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