Growth continues and operating margin is 3.5%
The positive trends of 2011
continued in the first quarter of 2012. Sales rose
by 5% in local currency
compared with the same period of 2011, and operating
profit was SEK 21 million.
While much of the increase can be attributed to our
focus on internal
cost-effectiveness, our broad customer base and competitive
organizational
structure were also key factors. Due primarily to the ongoing
recovery at the
Defense & Maritime market area, operating segment Machining
showed further
growth during the quarter. The Electronics segment also showed
positive
development, while volumes within Systems Integration & Enclosures
decreased
somewhat due to poorer demand by a number of customers. Our broad
range of
services, including technical development, production and after-market
services
as well as a strong global supply chain and a growing share of
production in
low-cost countries, has attracted a great deal of interest. As
proof of this we
have received orders from both new and existing customers
during the quarter
and afterwards. In March, we announced the signing of a new
framework agreement
within the CleanTech market area to develop and manufacture
products on behalf
of the leading European supplier of products and services for
the cleaning of
components and tools. The agreement, which calls on both our
product
development expertise and production of complete systems, is in line
with our
goal of increasing the percentage of orders at higher levels in the
value
chain. Although PartnerTech has now operated at a profit for six
straight
quarters, it is difficult to predict how global uncertainty might
affect our
market areas going forward.                           

Leif
Thorwaldsson,
President and CEO

First quarter of 2012

  · Net sales were SEK
611 million
(587)
  · Operating profit totaled SEK 21 million (3)
  · Profit
after tax was
SEK 12 million (-4)
  · Earnings per share after tax came to SEK
0.97 (-0.34)
· Cash flow after investments amounted to SEK -18 million (16)
  ·
The
equity/assets ratio was 39% (37) on March 31
  · PartnerTech signed
an
agreement with Safetykleen to develop and manufacture products for the
cleaning
of components and tools

For complete report, see attached file.
For
more information, please contact:

Leif Thorwaldsson, President and CEO,
Tel:
+46 (0) 40 10 26 41

Åke Bengtsson, CFO, Tel: +46 (0) 40 10 26
42
PartnerTech

PartnerTech develops and manufactures products under contract
for
leading companies, primarily in Information Technology, Industry,
CleanTech,
MedTech and Instrumentation, Defense and Maritime and Point of
Sale
Applications. With approximately 1,300 employees at its plants in
Sweden,
Norway, Finland, Poland, the UK, the United States and China,
PartnerTech
reports annual sales of more than SEK 2,3 billion. PartnerTech
AB
(www.partnertech.com), the parent company, has its head office in
Vellinge,
Sweden, and is listed on the Nasdaq OMX Stockholm
Exchange.

PartnerTech AB,
corporate identity number 556251-3308

Box 103,
Industrigatan 2, SE-235 22
Vellinge, Sweden

PartnerTech (publ) is  required to
publicly disclose the
information in this press release pursuant to the Swedish
Securities Market Act
and/or the Swedish Financial Instruments Trading Act. The
information was
submitted for public disclosure at 8.00 am on April  24th,
2012.