A WORD FROM THE CEO
Overall sales for the year have been in line with expectation and previous year. However, we have encountered a negative product mix change. The demand for some of our high margin applications was this year back at more normal levels. A drop in niche sales volume has been compensated by more standardized products with lower margin, causing a negative result impact compared to last year.
From a production point of view the focus has been on increasing capacity and efficiency. Many different actions have been taken which have improved quality, stability in production and lead time. We continuously take on new challenges to develop new applications. During the year we have worked on developing an anti-tampering application. The aim with the project has been to create a label that obstructs copying and has been performed together with a company in the printed electronics business and a company producing labels. The application was presented at Productronica fair with high interest from visitors.
For 2020 we foresee a continued good demand for our customised technical flexible laminate applications. Initiated actions to increase efficiency and capacity will continue which together with more focused sales activities make us look positively upon 2020.
/Pernilla Janze, CEO.
IMPORTANT EVENTS IN 2019
During the year a thorough work has started to create a business plan for the coming years.
Efforts to further integrate the Swedish and Belgian operations have continued which has paid off in terms of more flexibility and transparency.
A new sales manager has been appointed, who will be important for the development and execution of the sales strategy.
ISO 14001 certificate achieved for Induflex BV, which means that we are ISO 9001 and ISO 14001 certified in both Skultuna Flexible AB and Induflex BV.
SkultunaInduflex supplies a number of different customers found in various markets and value chains. Being a material expert with a continuous focus on quality, speed and flexibility SkultunaInduflex has gained long lasting customer relationships over the years.
Through reinforced energy and drive the company is well positioned to further leverage on the foundation created in the merger and we are closely following and supporting the progress.