FlexLink 'Handling' Big Growth
Published: 15 August 2008
by Mike Buetow
GÖTEBORG, SWEDEN – FlexLink today reported second-quarter sales of $58 million, up 18% year-over-year.
The company took in $68 million in orders for the quarter, up 28%, setting a company record.
Earnings before interest, taxes and amortization of intangible assets (EBITA) were $6 million, up from $2 million, boosting the first-half margin five points to 9%.
FlexLink, which makes material handling systems, has 665 employees and annual sales of about $200 million.
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