The first quarter net sales trend was positive exceeding budget as well as the net sales for the same period last year. Order intake amounted to MSEK 318 or 11% below budget.

Europe has started the year with strong order intake while Americas and Asia Pacific are behind last year. There are no indications of a softer market in Americas or Asia Pacific, and we expect these areas to recover. 

The outlook for 2007 is promising with an order backlog still on a record high level were many of our initiatives in geographical expansion and streamlining of the production resources will pay off.

• Net sales amounted to MSEK 291 (288). 
• Earnings before interest, taxes and amortization of intangible assets (EBITA) amounted to MSEK 4 (25). The EBITA margin was 2% (9%). 
• Working capital per March 31 amounted to MSEK 59 (70) or 5% (6%) of net sales.    

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 650 employees, operates 25 sales units and is represented in 60 countries. In 2006, group turnover was MSEK 1,278 (138 M€).

Göteborg, 
FlexLink Group