FlexLink Half-Year Report 2010 |
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FlexLink Systems, Inc.
6580 Snowdrift Rd.
Allentown, PA, 18106
USA
Press release date: July 19, 2010
Order intake shows a continuing significant increase, resulting in a solid order book, and higher sales. The profitability in the second quarter showed a healthy increase.
Net sales increased with 18% to USD 85 million and the order intake increased with 46% to USD 101 million. The profitability increased in the second quarter to USD 5 million, corresponding to a margin of 12%, and for the first half year to USD 8 million. Mattias Perjos, CEO: "Market sentiment continued to improve as expected during the second quarter, and we are seeing many customers regaining confidence and dusting off the investment plans that were shelved last year"
o Net sales for the second quarter were USD 44 (37) million and 85 (72) million for the first half year, which is an increase of 18% compared to previous year. o The order intake for the second quarter was USD 53 (36) million and 101 (69) million for the first half year. This is a significant increase of 46% compared to previous year. o Earnings before interest, taxes, depreciation and amortization of intangible assets (EBITDA) increased to USD 5 (4) million for the second quarter. For the first half year, it was USD 8 (7) million and the EBITDA margin was 9% (9%), which was unchanged from the previous year. o Significant orders were received from the Fast Moving Consumer Goods (FMCG) and solar (electronics) industries.
The financial information for 2010 and 2009 refers to the FlexLink Holding AB Group.
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