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First-quarter report, January-March 2006

Press Release   •   Apr 24, 2006 14:17 CEST

During the first quarter, the positive trend from the fourth quarter of 2005 continued, and order intake and sales increased significantly over the same period last year by 17% and 16% respectively. Sales increased by 37% in America and order intake increased by 44% in Europe. Totally, order intake for the running activity was MSEK 370, an all time quarterly record. In addition to this, an order worth approx MSEK 550 covering the integration of all equipment for a paper converting facility in the USA was received, with delivery during 2007.

- Net sales amounted to MSEK 288 (247).

- Earnings before interest, taxes and amortisation of goodwill (EBITA) amounted to
MSEK 25 (21). The EBITA margin was 9% (9%).

- Working capital amounted to MSEK 70 (104).

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, April 24, 2006

FlexLink Group

For further information, please contact:

Mattias Perjos Mats Nilsson
CEO Corporate Communication
+46-31-337 1626 +46-31-337 1220
+46-705-60 1626 +46-703-77 1220

FlexLink AB, SE-415 50 Göteborg, Sweden. Phone +46-31-337 3100, Fax +46-31-337 2233

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