GOTEBORG, SWEDEN -- FlexLink reported second-quarter net sales were up 19% to $44 million.

For the quarter, net profits rose to $5 million, good for a profit margin of 12%. Backlogs rose 46% $101 million. Earnings before interest, taxes, depreciation and amortization of intangible assets (EBITDA) increased 25% to $5 million.

First-half profits rose $8 million as revenue rose 18% to $85 million. EBITDA was up 14% to $8 million.

In a press statement, CEO Mattias Perjos said, “Market sentiment continued to improve as expected during the second quarter, and we are seeing many customers regaining confidence and dusting off the investment plans that were shelved last year.”

The order intake for the second quarter was USD 53 (36) million and 101 (69) million for the first half year. This is a significant increase of 46% compared to previous year.

The company makes automation equipment for the electronics, food and alternative energy industries.

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