11/8/2013 3:15:00 PM
PartnerTech AB has signed a framework agreement with Securitas Direct Verisure,
the leading provider of connected home alarms in Europe, for the manufacturing
of the company’s products. The agreement initially covers Securitas Direct
Verisure’s gateway Vbox Mini.
The framework agreement runs over 3 years and is initially expected to be worth
approximately SEK 80 million. It covers manufacturing of prototypes in
PartnerTech’s unit in Malmö, Sweden as well as serial production in the u...
10/25/2013 8:30:01 AM
Earnings improved during the quarter – action programs according to plan
Third quarter sales were 2% above the year-ago period while operating earnings
rose slightly to SEK 11 million. 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. As a result, we were able to balance
the sharp, ongoing decline within Machining, where the effort to adapt
operations to lower volumes for th...
10/8/2013 2:00:00 PM
In accordance with the instruction concerning principles for the composition of
the Nominating Committee adopted by the Annual General Meeting, the following
members have been appointed to the Nominating Committee:
Henrik Blomquist, Bure Equity AB
Petter Stillström, AB Traction
Jesper Bonnivier, Länsförsäkringar fondförvaltning AB
The committee shall consist of representatives of the three largest
shareholders and has the task of preparing the proposals to the Annual General...
7/17/2013 8:30:00 AM
Increased sales in the quarter but adaptation affects profitability
Second quarter sales were 2.5% higher for comparable units and in local
currencies than the same period of 2012. Operating profit of SEK 3 million was
lower than the second quarter of 2012, while both cash flow and operating
capital turnover improved. Sales trends were mixed during the quarter, where
volumes declined through lower demand from existing customers. This was
compensated by strong sales to new customers. ...
5/14/2013 10:00:00 AM
PartnerTech AB and Cavidi AB, a company developing innovative solutions for the
health and life science sector, have signed a framework agreement regarding the
development of an instrument for HIV –tests. PartnerTech will allocate some 5-6
development engineers to the project, covering electronics, mechanics and
verification. The first deliveries of prototypes are expected in the autumn of
Uppsala –based Cavidi has developed a unique technology for measuring the
amount of HIV-...
4/24/2013 6:00:00 PM
Among the resolutions passed by the meeting were:
-- All of the company's unappropriated earnings of SEK 130 096 078 are to be
carried over to new account, as the result of which no dividend will be
payable for fiscal year 2012 (SEK 0/share for fiscal year 2011).
-- The members of the board and the CEO were discharged from liability for
fiscal year 2012.
-- The income statement and balance sheet, as well as the consolidated income
4/19/2013 8:30:01 AM
Recovery after difficult fourth quarter
The first quarter of 2013 developed in a positive direction following a
difficult fourth quarter. As the result of our intensive new product
introduction effort, sales rose to SEK 554 million, a 1% improvement over the
previous quarter. However, the figure represented a 7% decrease from the first
quarter of 2012 in local currency and comparable units. Operating profit of SEK
8 million was decidedly better than the fourth quarter but poorer than ...
3/28/2013 10:00:00 AM
In order to further strengthen the competitiveness, PartnerTech is increasing
its operational and commercial focus by aligning the operational areas
Electronics and Systems Integration & Enclosures and by developing the Supply
Chain function, covering PartnerTech’s global sourcing and supply chain
Peter Nilsson has been appointed Executive Vice President, Operations for
Electronics and Systems Integration & Enclosures. In his extended role Peter is
responsible for the op...
3/22/2013 9:30:00 AM
The shareholders of PartnerTech AB (publ) (the “Company”) are hereby notified
of the annual general meeting to be held at 3:00 PM on Wednesday, April 24,
2013 at Östergatan 39, in Malmö, Sweden (SEB's premises).
Shareholders wishing to participate in the meeting must:
-- be entered in the share register kept by Euroclear Sweden AB on Thursday,
April 18, 2013, and
-- notify the Company of their attendance and any assistant not later than
4:00 PM on Fri...
2/13/2013 8:30:01 AM
PartnerTech’s sales for 2012 totaled SEK 2,242 million, a decrease from 2011 of
3% in local currency and comparable units. Operating profit for the full year
totaled SEK 24 million. Fourth quarter sales declined from the year-ago period
by 15% in local currency and comparable units to SEK 550 million, a
disappointing result. Lower volumes were due primarily to delayed or
substantially reduced demand by a number of customers in several market areas
late in the quarter. Our strategy of ex...
1/25/2013 8:30:02 AM
Due to postponed or sharply decreased volumes from a number of customers late
in the fourth quarter, PartnerTech will report a decline in volume for the
quarter of approximately 15 percent in local currencies and comparable units,
compared to the same period 2011, which is lower than expected. At the same
time earnings are negatively impacted by the costs of adaptation of the
operations in our Nordic units.
Operating profit for the fourth quarter is therefore expected to be negative...
1/9/2013 8:00:01 AM
Contract manufacturer PartnerTech AB and CybAero AB, a company developing and
manufacturing autonomous unmanned helicopters, have signed a framework
agreement covering production and assembly of products and systems for CybAero
The cooperation between PartnerTech and CybAero was initiated in 2012 and the
now signed agreement covers PartnerTech’s combined expertise within
electronics, mechanics and systems integration. Production and assembly will
initially mainly include Partne...