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FlexLink's Profits, Sales Up Big in 2010

Published: 11 February 2011
 by Staff

GOTEBORG, SWEDEN -- FlexLink reported net profits rose 32% year-over-year to $25 million.

Sales rose 27% to $203 million, said the maker of production logistics equipment for the electronics and other industries.

Orders were up 27% to $195 million, on strong growth in the Americas and Asia Pacific.

CEO Mattias Perjos said,“Growth came back strongly in the Americas and Asia Pacific throughout the year while EMEA came back on the growth track in the last quarter. Our profitability remains at healthy levels and we continue to invest in R&D and in our organization."

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