Electronics segment lifted Partnertech

Swedish based EMS-provider Partnertech, operating in numerous countries, had a positive Q3. The positive trend was due primarily to the Electronics operating segment, which continued to perform well due to high capacity utilization at most of its units, according to the company. "As a result, we were able to balance the sharp, ongoing decline within Machining, where the effort to adapt operations to lower volumes for the Defense market area accelerated. Nevertheless, the inflow of new non-defense customers was satisfactory. The improvement within Systems Integration was largely attributable to our attractive range of engineering services and our ability to deliver technically advanced products. Our offering for the Norwegian oil and gas market has also been well received during the quarter", said CEO and President Leif Thorwaldsson. Third quarter of 2013 Net sales were SEK 528 million (517) or 60 million euro while operating profit totaled SEK 11 million (10) or 1.25 million euro . First nine months of 2013 Net sales were SEK 1'655 million (1'692) or 189 million euro while operating profit totaled SEK 22 million (42) or 2.5 million euro.