A WORD FROM THE CEO

2015 has been a year of transition. As we continue our journey of growth, we have moved from being a small to a medium-sized enterprise. With all change of this scale, it has not been without its challenges. However, I am happy to say that our growth continues with both existing and new customers, achieving an organic growth of 21 %.

The construction of our new 8,500 m2 factory in Tczew, Poland is now complete. This Autumn we finalised the integration of the Polish organization, including the transfer of all production to the new factory. As part of this process we have welcomed many new people to the PanLink team, with much effort placed on effective integration of new recruits.

We are optimistic about the coming year and see 2016 as a year of structured growth. Our key focus areas will be on consolidation and efficiency.

Michael Åkesson, CEO

IMPORTANT EVENTS IN 2015

FAIRFORD ́S VIEW

The investment in PanLink was initially motivated by the identified need by many small to medium companies to find a production partner in order to manage production during all stages of the product lifecycle from trial runs, ramp up on to high volume manufacturing. The specific need of this customer segment is still valid and we believe it to be a long term characteristic in the geographies in which PanLink operates. Managed carefully with costs and competence built in the correct locations we think PanLink will continue to be a competitive player in the long run and we are keen to support and realise the company’s full potential.

Sales, EBITDA

EBITDA graph

Equity Ratio, ROCE

Equity Ratio, ROCE graph