A WORD FROM THE CEO

With the 2014 merger behind us, our first priority was to retain existing business. We ensured smooth processes and cooperation across all areas of the organization. Operational metrics and performance were strong. As a result, we retained all of our existing customers.

Our second priority was to increase business in selected product areas. By investing in improved capabilities and using resources more efficiently, we increased sales by 5 %.

Our third priority was to set the stage for future growth. We completed our three-year plan. We continue to build our company culture. We increased R&D cooperation with key customers. We restructured the organization to put more resources in customer-facing roles. In short, we strengthened the foundations for growth.

The SkultunaInduflex team has the motivation and energy to move forward. We are proud of our progress and remain confident in our future.

Joel Ludvigsen, CEO

IMPORTANT EVENTS IN 2015

FAIRFORD ́S VIEW

SkultunaInduflex supplies a number of different customers found in various markets and value chains. The company was hit hard in the crisis and the return back to pre-crisis volumes has been challenging although the merger itself improved the situation significantly with increased volumes as well as cost synergies. It will surely be a challenging route going forward as well but we believe the company is on the right path and we are closely following and supporting the progress.

Sales, EBITDA

EBITDA graph

Equity Ratio, ROCE

Equity Ratio, ROCE graph