LEAX publish Annual Report for 2022
In summary, 2022 has been a very challenging year for LEAX, ranging from uneven volumes to inflation. However, we have seen stable growth compared to 2021 and look forward with confidence to 2023. Operating profit for 2022 decreased to SEK 2.3 million (58.8) driven by zero lead time order delays at key heavy commercial vehicles and passenger car customers. Inflationary costs and the delayed timing of cost recovery also had an impact. Furthermore, the Group profitability was directly affected by lower production volume for passenger cars where the China Covid policy forced a significant