Order intake and sales continued on a high level in the first half of the year and ended at 13% and 8% increase respectively. Order intake more than doubled in southern Europe and sales rose by 40% in Asia Pacific. In the second quarter, significant orders were received from a major computer manufacturer and for heavy engineering components assembly. The geographical coverage as well as the engineering and assembly capacity were extended during the period.

• Net sales amounted to MSEK 597 (553).
• Earnings before interest, taxes and amortization of goodwill (EBITA) amounted to MSEK 57 (53). The EBITA margin was 10% (10%).
• Working capital amounted to MSEK 90 (104).
• TOPS Conveyor Systems, Inc. in Canada was acquired, effective may 31.
• An assembly and engineering unit was opened in Poznan, Poland in May.

FlexLink is a leading global supplier of 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. In 2005, Group turnover was MSEK 1,154.

Göteborg, August 22, 2006
FlexLink Group