FlexLink first-quarter report 2009

Sales and profit at a good level but the weak investment climate hampers orders received.

The sales decreased with 4% to 286 MSEK and the order intake showed a significant decrease to 269 MSEK. Mattias Perjos, CEO: “Sales remained relatively flat during the first quarter. We were able to safeguard profitability, but order intake has been significantly lower due to the weak investment climate. We expect the difficult market conditions to continue and actions are in place to protect profitability and cash flow. ”

• Net sales for the first quarter was 286 (297) MSEK which is a decrease of 4 % compared to previous year.
• The order intake for the period was 269 (369) MSEK which is a significant drop of 27% compared to previous year. This is
a consequence of the weak business and industry investment climate which is expected to continue in the second quarter.
• Earnings before interest, taxes, depreciation and amortization of intangible assets (EBITDA) were 25 MSEK (20). The EBITDA
margin was 9% (7%), which is an increase with 2%-points.

The financial information for 2009 and 2008 refers to the FlexLink Holding AB Group.

FlexLink Group