Growth during the quarter and encouraging first half of the year
Despite
somewhat of a slowdown from the first quarter, sales rose by 2% in
local
currency compared with the same quarter of 2011 and the operating profit
was SEK
12 million. Like many others, we were affected by market uncertainty
during the
second quarter. Some customers pulled back or postponed orders, but
the
underlying dynamics are positive. We signed agreements with new customers
during
the quarter and collaborated more extensively with existing customers by
means
of new orders and letters of intent. We also broadened the base for
our
machining offering by acquiring Aerodyn AB, a contract manufacturer of
products
such as heavy components for ship propulsion. The acquisition also
improved the
ability of the Defense and Maritime market area to strike a
balance between
civil and military use. While strengthening our machining
offering, we made some
changes in the customer base and consolidated our
systems integration operations
in Finland at the Vantaa unit. This is part of
an ongoing effort to review our
internal structure with an eye on profitability
and capital tied up. The
challenges that our Myslowice, Poland unit experienced
during the first quarter
where initial ramp-up of new business strained our
efficiency remain to some
extent, but the biggest bottlenecks were cleared up
at the end of the second
quarter. The new framework agreements that we signed
earlier in the year are set
to generate initial volume production in the third
quarter. Combined with the
orders that customers have postponed this indicates
good capacity utilization in
the upcoming quarters.

Leif Thorwaldsson,
President and CEO

Second quarter of 2012

  · Net sales were SEK 564 million
(562)
  · Operating profit totaled SEK 12 million (5)
  · Profit/Loss after tax
was SEK 0 million (0)
  · Earnings per share after tax came to SEK 0.02 (0.01)

 · Cash flow after investments amounted to SEK 3 million (0)

First half of
2012

  · Net sales were SEK 1,174 million (1,149)
  · Operating profit totaled
SEK 33 million (8)
  · Profit after tax was SEK 13 million (-4)
  · Earnings
per share after tax came to SEK 1.00 (-0.33)
  · Cash flow after investments
amounted to SEK -16 million (16)
  · The equity/assets ratio was 38% (38) on
June 30

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 July 13th,
2012.