Printed Circuit Design & Fab Online Magazine - PartnerTech’s Q2 Sales Up 19%

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Printed Circuit Design & Fab Magazine

MALMO, SWEDEN – PartnerTech posted second quarter sales of SEK 678 million (US$ 79.4 million), up 19% year-over-year.

The firm reported a loss after tax of SEK 15 million, compared to a loss of SEK 28 million in the same period last year.

Adjusted operating loss was SEK 4 million, compared to a loss of SEK 8 million in the second quarter of 2014.

“The second quarter was eventful for PartnerTech with Scanfil Oyj presenting a public takeover bid to PartnerTech’s shareholders, offering to acquire all shares in the company,” said Leif Thorwaldsson, president and CEO. “In this extraordinary situation, we are continuing to focus on improving our operations. The Electronics division reported continued strong growth, while the ramp-up in China also affected profitability for this quarter.”

In the first half of 2015, net sales were SEK 1.3 billion, up 20% year-over-year.

Loss after tax was SEK 17 million for the first six months of the year, compared to a loss of SEK 30 million during the same period last year.

Adjusted operating loss was SEK 3 million, compared to a loss of SEK 8 million in the first half of 2014.

Ed: SEK 1 = US$0.1171