FlexLink First Quarter Report 2010
Order intake increased significantly while sales increased moderately. Profit was negatively affected by currency and sales mix effects.
Net sales increased with 5 % to SEK 300 million and the order intake increased with 21 % to SEK 325 million. Mattias Perjos, CEO: "We saw a continuing strength in the order intake with a healthy growth in our order book and good increase in net sales. Sales mix and currency effects had a negative effect on our profitability. The positive trend is expected to continue throughout the year."
o Net sales for the first quarter were USD 42 (34) million which is an increase of 22 % compared to previous year.
o The order intake for the period was USD 48 (34) million which is a significant increase of 39 % compared to previous year.
o Earnings before interest, taxes, depreciation and amortization of intangible assets (EBITDA) were USD 3 (3) million. The EBITDA margin was 6 % (9 %). Earnings were impacted by currency and sales mix effects, and additional product launch costs.
o Significant orders were received from the Electronics and Food industries.
o On January 18, a new compact conveyor platform with embedded controls was launched. The new platform reaches new application areas and customer groups. The first substantial orders have been received.
The financial information for 2010 and 2009 refers to the FlexLink Holding AB Group.
