Profit improved despite lower volumes in the second

Profit improved  despite lower volumes in the second half-year

January-December
• Sales increased to SEK 1,743.8 (1,741.5) m 
• Operating profit improved by 8% to SEK 111.9 (103.6) m 
• Operating margin grew to 6.4% (5.9%) 
• Profit after financial items was SEK 103.8 (96.2) m
• Profit after tax amounted to SEK 78.2 (68.6) m, equivalent to SEK 8.13 (7.13)
per share 
• Cash flow after investments was SEK -0.5 (24.8) m, corresponding to SEK -0.05
(2.58) per share 
• Intensified, methodical implementation of NearsourcingTM, NOTE's unique
business model, based  
  on volume production in costs-efficient countries, the implementation of the
NOTEfied preferred parts 
  database and cost-efficient development work close to the customer, which cuts
customers' time to 
  market
• The Board of Directors is proposing a dividend increase to SEK 2.75 (2.25) per
share

Fourth quarter
• Sales reduced by 6% to SEK 458.6 (488.5) m 
• Operating profit was SEK 28.5 (33.8) m 
• Operating margin reduced to 6.2% (6.9%)
• Profit after financial items amounted to SEK 26.6 (32.4) m 
• Profit after tax was SEK 21.0 (22.7) m 
• Cash flow after investments stood at -34.8 (41.4) m


NOTE's Year-end Report for January-December 2007 is now both available in PDF
format at NOTE's website, www.note.eu, and attached to this message. 

The Annual Report for 2007 will be published on 4 April. The Interim Report for
January-March 2008 will be published on 18 April.

For more 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, Finland, Norway, 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
Profit improved despite lower volumes in the second half-year

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