12/29/2008 3:19:45 PM
PartnerTech plans to divest unit in Poole, UK
PartnerTech signed an agreement today to divest PartnerTech Poole Limited
("Poole" below), one of its three British subsidiaries. The business in Poole,
which manufactures printed circuit boards with a focus on local customers,
accounts for approximately 3% of total group sales.
The reason for the divestment is that the business, following changes, is
operating at a loss and lacks strategic significance, given that other
10/24/2008 12:15:00 PM
PartnerTech January-September Interim Report 2008
Earnings improvement and increased competitiveness during the year
THIRD QUARTER OF 2008
• Net sales were SEK 571.1 million (618.9)
• Operating profit was SEK 10.2 million (14.4)
• Profit after tax was SEK 4.7 million (7.4)
• Earnings per share after tax totaled SEK 0.37 (0.57)
• Cash flow after investments amounted to SEK 34.8 million (-80.2)
FIRST NINE MONTHS OF 2008
• Net sales were SEK 1 877.8 million (1,984.2)
10/2/2008 11:00:00 AM
PartnerTech nominating committee
The following members have been appointed to this year's nominating committee:
Henrik Blomquist, Skanditek
Sven Zetterqvist, Livförsäkringsaktiebolaget Skandia
Nils Petter Hollekim, Odin Fonder
Patrik Tigerschiöld, Chairman of the Board
The selection was made in accordance with the instructions concerning principles
for the composition of the nominating committee adopted by the annual general
Shareholders wishing to propose Board me...
7/16/2008 8:00:00 AM
January-June 2008 Interim Report
Process of change makes an impact
SECOND QUARTER OF 2008
• Net sales were SEK 694.7 million (683.1)
• The operating profit was SEK 8.1 million (24.3)
• The profit after tax was SEK 3.7 million (16.0)
• Earnings per share after tax totaled SEK 0.29 (1.26)
• The operating profit rose by SEK 17.2 million from the first quarter of 2008
FIRST HALF OF 2008
• Net sales were SEK 1,306.7 million (1,365.3)
• The operating profit was SEK -1.0 million (54....
5/29/2008 2:05:00 PM
Biotage signs a new agreement with PartnerTech
PartnerTech and Biotage, an international company in the field of life science
research, have expanded their cooperation and signed a new agreement to
manufacture instruments for DNA analysis and microwave synthesis. The agreement,
which runs for two years and renews automatically, is worth an estimated SEK 40
“PartnerTech's expertise and level of quality make us feel secure in assigning
them to handle our product...
4/24/2008 7:30:00 PM
Bulletin from PartnerTech AB (publ) Annual General Meeting on April 24, 2008
President and CEO Rune Glavare told the meeting that PartnerTech had experienced
weak growth in 2007. Sales and earnings declined as the result of lower volumes
from some larger customers. A major action program was launched in December 2007
to improve profitability and customer service. The purpose was to adapt the
organization to current volumes, as well as to streamline and consolidate in
order to increase...
4/24/2008 12:25:00 PM
January-March Interim Report 2008
Ongoing action program to regain profitability will have a
gradual impact in 2008
• Net sales were SEK 612.0 million (682.2).
• The operating profit was SEK -9.1 million (30.4).
• The profit after tax was SEK -9.7 million (18.2).
• Earnings per share after tax totaled SEK -0.77 (1.44).
• Cash flow after investments amounted to SEK 14.7 million (50.5).
• The equity/assets ratio was 37.4% (39.6).
The full report is attached.
For additional ...
4/22/2008 8:26:09 AM
Nominating committee's proposal to the PartnerTech annual general meeting in
accordance with Items 9-11
The nominating committee of PartnerTech AB (publ) proposes the reelection of
Board members Rune Glavare, Patrik Tigerschiöld and Lennart Evrell. The
committee proposes the election of Thomas Thuresson, Henrik Lange and Tomas
The committee proposes the reelection of Patrik Tigerschiöld as Chairman of the
The committee proposes that the Board fee be set at SE...
3/31/2008 3:00:14 PM
PartnerTech's Annual Report has today been published
PartnerTech's Annual Report for 2007 has today been published on the company's
website. The Swedish version can be
downloaded from www.partnertech.se and the English version from
Distribution of the printed Swedish version is ongoing, while the English
version will be distributed shortly.
For more information, please contact:
Marielle Noble, IR and Communications Manager, +46 40-10 26 43 or +46 70...
3/18/2008 8:00:00 AM
Notice of the Annual General Meeting of PartnerTech AB (publ)
The shareholders of PartnerTech AB (publ.) are hereby notified of the annual
general meeting to be held at 5:30 PM on Thursday, April 24, 2008 at Östergatan
39 in Malmö, Sweden (SEB premises).
Shareholders who plan to participate in the meeting must:
be entered in the share register kept by VPC AB no later than Friday, April 18,
notify the company of his or her attendance or that of a proxy, either...
3/3/2008 3:45:00 PM
Rune Glavare remains at PartnerTech as President and CEO
Rune Glavare has today been appointed President and CEO of PartnerTech. Mr.
Glavare has served in this position since 25 October 2007, when he was appointed
as Acting CEO.
Since Mr. Glavare took over as Acting CEO of PartnerTech, the company has
launched a comprehensive action program to deal with current profitability
problems and consolidate operations following the acquisitions of recent years.
The purpose of the program ...
2/6/2008 10:30:00 AM
Change to PartnerTech's nominating committee
PartnerTech announced on October 23 that a nominating committee had been
appointed with the responsibility of proposing the Board chairman and members,
as well as their remuneration, to the April 24, 2008 annual general meeting.
In accordance with an annual general meeting resolution, the company is to have
a nominating committee consisting of one representative from each of the three
shareholders with the largest number of votes. The sh...
2/4/2008 8:00:00 AM
Year-end report for 2007 - PartnerTech's earnings lower than forecast
Due to lower sale volumes, PartnerTech forecast full-year operating earnings of
SEK 20 million in December 2007. The forecast included non-recurring costs of
SEK 50 million and an action plan. Since that time, additional non-recurring
costs of SEK 28.6 million have been identified. Meanwhile, operating earnings
have been affected to a greater extent than expected by the sales volume decline
and currency fluctuation...
1/17/2008 2:15:00 PM
PartnerTech and Gunnebo sign expanded cooperative agreement
Gunnebo Cash Automation, a subsidiary of the Gunnebo security group, has signed
a new cooperative agreement with PartnerTech to manufacture products for its
SafePay™ cash handling system. The agreement runs until 2010.
“We have collaborated with PartnerTech for several years and are very satisfied
with the results,” says Bertil Gunnesson, Operations Manager at Gunnebo Cash
Automation. “That's why we have decided to work to...