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FlexLink Systems, Inc. Release date: October 30, 2008
OCTOBER 30, 2008
Record Order Intake for the First Nine Months of 2008 - Sales Increased and Profitability Improved Significantly.
Third quarter 2008 o Order intake was $51 million (44) which is an increase with 16% compared to the same period 2007. o Sales for the third quarter amounted to $54 million (49) which is an increase with 9% compared to the same period 2007. o Earnings before interest, taxes and amortization of intangible assets (EBITA) were $5million (4) for the third quarter. The EBITA margin was 9% (8%).
January-September 2008 o Order intake for the first nine months was $179 million (144) which in an increase by 24% compared to the previous year. This is FlexLink's highest ever order intake for comparable periods. o Sales for the first nine months amounted to $159 million (140) which corresponds to a growth of 14%. o Earnings before interest, taxes and amortization of intangible assets (EBITA) were $14 million (7) for the first nine months. The EBITA margin was 9% (5%).
General FlexLink has reinforced its position in all major segments - Automotive, Electronics, FMCG and Health Care - in the first nine months.
FlexLink Group For further information, please visit www.flexlink.com or contact:
Mattias Perjos CEO, FlexLink AB +46-31-337 1626 mattias.perjos@flexlink.com
Klas Ålander Corporate Communications, FlexLink AB +46-31-337 2499 klas.alander@flexlink.com
Paul Jarossy Director of Marketing - The Americas 610-973-8230 paul.jarossy@flexlink.com
FlexLink is a leading production logistics supplier - providing material and information flow management solutions to assembly and manufacturing industries. Based in Göteborg, Sweden, FlexLink has 665 employees, operates 28 sales units and is represented in 60 countries. In 2007, group turnover was MSEK 1,346 (199 MUSD).
FlexLink AB, SE-415 50 Göteborg, Sweden. Phone +46-31-337 3100, Fax +46-31-337 2233, info@flexlink.com
FlexLink Systems Inc, 6580 Snowdrift Rd Allentown, PA Phone 610-973-8200, Fax 610-973-8345, us1marketing@flexlink.com
Company Information:
Name: FlexLink Systems, Inc.
Address: 6580 Snowdrift Rd.
City: Allentown
State: PA
ZIP: 18106
Country: USA
Phone: 610-973-8200
FAX: 610-973-8345
http://www.flexlink.com
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