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FlexLink Worldwide

June 3, 2008
Year-end report 2007
FlexLink reports record sales in 2007. The sales increased with 5,5% to 1 346 MSEK and the order intake was 1 305 MSEK.

The growth was primary related to the customer segment Fast Consumer Moving Goods (FMCG). Europe showed a strong growth during the year.

  • Net sales for the full year was 1 346 (1 276) MSEK
  • Earnings before interest, taxes and amortization of intangible assets (EBITA) were 88 MSEK (72). The EBITA margin was 7% (6%). Adjusted for exceptional costs, the EBITA was 125 MSEK (108) and the adjusted EBITA margin 9% (8%). 
  • FlexLink’s largest product launch ever was introduced in September and has been very well received by the industry. 
  • Early 2008 it was revealed that the subsidiary in Brazil has violated group accounting principles during a number of years. The adjustments of the accounts have had an impact on the profit and loss statement and balance sheet for 2006.
  • A sales company was opened in Russia and a sales office in Romania.  

The financial information for 2007 and 2006 refers to the FlexLink Holding AB Group.

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 (145 M€).

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