Interim report April 1 - September 30, 2001 (6 months)
11/13/2001 11:24 AM EST
Addtech Group
Value Adding Tech Provider
Addtech is a technology trading group where the business acumen is
combined with competence at the cutting edge. Based on high-
technology industrial components and systems, Addtech together with
its customers and suppliers creates solutions that lead to better
products as well as optimized production processes. Addtech provides
technical as well as economic added value to the customer.
· Addtech was listed on the O-list of the Stockholm Stock Exchange
September 3.
· Net revenues increased by 9 percent to MSEK 1 198 (1 101).
· Operating income, not including items affecting comparability,
amounted to MSEK 67 (92).
· Weak market trend for businesses selling to the telecom and
electronics sectors.
· Continued stable demand for components and systems for mechanical
industry, as well as the machinery and vehicle sectors.
· The previously initiated action program has been reinforced. Cost
savings on a full-year basis amount to MSEK 30, of which MSEK 10 affects
current financial year results.
· The Board of Directors intends to propose to an extra general
meeting of shareholders to decide on repurchasing up to 10 percent of
outstanding shares.