Partnertech improves profit

Gross profit for 2011 was SEK 137.8 million, up from SEK 76.2 million the year before. Net sales for the company grew from SEK 2,322.2 million, up from SEK 2,181.1 the year before. Operating profit showed a dramatic improvement, SEK 47.3 million up from SEK -15.3. Leif Thorwaldsson, President and CEO said that the company had completed consolidation of its entire British business in Cambridge during the year and that the company plans to continue pursue a restructuring strategy aimed at expanding its share of production in low-cost Eastern European and Asian countries.