Net sales and order intake increased compared with 2004 in spite of an unexpected low order intake during the third quarter. Order intake, net sales and earnings recovered strongly at the end of the year and the order backlog was on a high level entering 2006. In Asia, order intake increased by 65% and the market position within food and dairy industries was generally reinforced. Comprehensive product launches were conducted at the end of the year, which are expected to give positive results during 2006. 

• Net sales amounted to MSEK 1,154 (1,137).
• Earnings before interest, taxes and amortization of intangible assets (EBITA) amounted to
  MSEK 106 (135). The EBITA margin was 9% (10%). Adjusted for restructuring costs and other exceptional items, EBITA amounted to MSEK 135 (153) and the adjusted EBITA margin to 12% (13%).
• Operating income (EBIT) amounted to MSEK 90 (118). Income before tax amounted to MSEK 58 (86) and net income to MSEK 47 (49). 
• The debt/equity ratio amounted to 1.2 (1.5) at the end of the year and the equity ratio was 31% (30%).
• Inventories were kept at 4% (4%) of net sales.
• Comparative figures for 2004 are restated in accordance with the IFRS accounting principles which were introduced during the year. Financial information as above refers to the FlexLink AB Group. 

FlexLink  is a leading global supplier of innovative automation solutions to assembly and manufacturing industries. Based in Göteborg, Sweden, FlexLink employs 560 people and operates 23 international companies with representatives in 60 countries.  

Göteborg, February 15, 2006
FlexLink AB