The net loss was SEK 55.1 million, down from a loss of SEK 11.1 million a year ago.
Including the electronics manufacturing firm's discontinued telecom operations, sales fell 17%.
The operating loss increased to SEK 52.5 million, from a loss of 8.6 million last year, including structural and other nonrecurring costs of SEK 44 million. The operating margin was -19.2%, down from -2.6%.
During the quarter, Note began to shutter production at its plants in Skänninge, Sweden, and Tauragé, Lithuania, and took restructuring costs of SEK 40 million. The closures should save the firm SEK 50 million.
Also, new contracts were signed with Axell Wireless and Hernis.
Ed.: 1 SEK = 0.138551 US$
VELLINGE, SWEDEN -- Top 40 EMS firm PartnerTech reported first-quarter net sales of SEK 557.4 million ($77.2 million), down 6.2% from a year ago.
SAN JOSE -- Sanmina-SCI has signed a definitive agreement to acquire fellow EMS firm BreconRidge in a deal valued at $53 million, including equity and the assumption of certain liabilities. The acquisition would extend the top tier EMS firm's reach into RF and optoelectronic manufacturing.