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A WORD FROM THE CEO

The market recovered in the spring and TransLink reached all-time high in revenues 2015.

The legislative decision to increase load weights from 60 to 64 ton was implemented June 1st by the Swedish Transport Administration. The long awaited decision released a piled up trailer demand in the market. Order intake, particularly in the Forest segment, increased and the export break-through in Finland 2014 continued to move into solid ground.

The Service segment picked up early summer 2015 and has continued to strengthen. Cost and capacity control has, however, been challenging and the expected recovery of the Service division did not take place until late autumn. Customers are, however, comfortable with our offer and performance. The top 20 customers accounting for >40 % of revenues, have increased their business significantly and continue to place more business with us.

Roger Hjerth, CEO

IMPORTANT EVENTS IN 2015

FAIRFORD ́S VIEW

Looking at the Translink industry we see a playing field of Davids and Goliaths where supplier and end markets are characterised by large consolidated players exercising their relative power upon the value chain as a whole. Translink has during the years consolidated several minor players to try to level out the balance with some success. However, the general market downturn since the crisis has hit the company and also the rest of the industry causing a significant extension to the planned timeline. Translink Group currently consists of two divisions, the OEM division (production of trailers and body structures) and the STS division (Service), and the decision has now been made to split the combined entity into two stand alone units. We believe this will add focus for each business and we are motivated to enhance efforts to accelerate each business plan.

Sales, EBITDA

EBITDA graph

Equity Ratio, ROCE

Equity Ratio, ROCE graph