Valinge Says Sales, Earnings Rose in 2011

Viken, Sweden, Feb. 27, 2012 -- Valinge said that net sales in 2011 were up 20% from the previous year.

The firm said that EBITDA increased by more than 40% from $32 million to $45.5 million, higher than the company anticipated.

The company said its margins last year rose from 39% in 2010 to 47% due to introduction of new technology and lower operating costs.