NOTE's Interim Report January-June 2009

NOTE's Interim Report January-June 2009 

Change towards upscaled market offensive

Financial performance January-June
• Sales reduced by 28% to SEK 641.2 (896.5) m
• Operating profit of SEK -26.7 (29.9) m, including non-recurring costs of just
over SEK 8 m relating to
  the change of CEO in June
• The operating margin was -4.2% (3.3%)
• The profit after financial items was SEK -31.0 (24.0) m
• The profit after tax was SEK -24.5 (15.7) m, or SEK -2.54 (1.63) per share
• Cash flow after investments was SEK -4.5 (29.4) m, or SEK -0.47 (3.05) per
share

Financial performance April-June
• Sales reduced by 33% to SEK 312.1 (469.2) m
• Operating profit of SEK -18.1 (16.2) m, including non-recurring costs of just
over SEK 8 m relating to
  the change of CEO in June 
• The operating margin amounted to -5.8% (3.4%)
• The profit after financial items was SEK -19.8 (12.5) m
• The profit after tax was SEK -16.0 (8.2) m
• Cash flow after investments was SEK 10.8 (5.4) m

Significant events January-June
• Knut Pogost appointed as CEO and President of NOTE
• Continued strategic realignment—measures implemented to transfer
labour-intensive production  
  and sourcing services to the group's units in cost-efficient countries. In
accordance with previously
  decided restructuring measures, staffing in Sweden reduced by 135 people, or
24%
• New funding facility arranged with NOTE's bank connection
• 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 and Radiocrafts

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 20 October.

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