Valinge Says Revenues, Income Rise

Viken, Sweden, Feb. 26, 2009--Valinge said its 2008 license income increased 13% in 2008 over the previous year. Operating income before taxes was $25.8 million, an increase of 4%.

The company said that it managed to maintain license volumes and to increase license income mainly due to several new license contracts and introduction of new technologies.

R&D costs increased as planned to over $11.2 million.

The costs related to customer support and technology introduction increased considerably due to the fact that the number of licensees has grown to more than 100 and several licensees are in a phase to introduce new advanced Välinge technologies.