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Electronics Production | October 25, 2005

PartnerTech's growth remain stable

Sweden based EMS provider PartnerTech's customers faced stable overall market conditions during the first nine months of 2005. But there were major variations in volume among individual customers and segments.
PartnerTech's net revenue rose to SEK 1,447.4 million (1,225.7). The operating profit amounted to SEK 64.1 million (53.2). The profit after tax was SEK 37.7 million (30.2). Earnings per share after full income tax totaled SEK 3.11 (2.64). The Nordic market has picked up recently, particularly among a new group of businesses whose outsourcing strategy takes an integrated approach to both the product and supplier chain. That includes companies that develop and market big machine systems, such as lottery terminals and concepts in new areas like broadband services, metering for district heating and payment systems. The acquisition of KSH-Productor in Finland in June 2005 further expanded the PartnerTech Group's European business geographically. The trend toward outsourcing operational responsibility at a high technological level to companies like PartnerTech continued among customers, both in the Nordic countries and the rest of Europe. Read PartnerTech's full interim report (PDF).
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