LEAX continues to meet increased demand

After a challenging pandemic year, LEAX sees good order intake in all segments.

"Our short-term order boards remain strong and have substantially increased over 2020. While we continue to monitor our supply chain for signs of stress, as global demand for commodities have increased, we have managed well thus far". 

LEAX´s investment program in 2021 is targeted at SEK 100 million.

"These investments will be focused on adding capacity and supporting the group´s technology development" said the chairman of the board Roger Berggren and LEAX CEO Tony Nicol in a joint statement.

Tony Nicol, Group President and CEO
Telephone: +44 (0)755 728 67 67
E-mail: tony.nicol@leax.com
 

This information is information that LEAX Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, on May 27, 2021 at 17:00 CET

LEAX Group AB (publ) is the parent company of a group (“LEAX Group”) with about 1 100 employees. LEAX has operations in Köping, Falun and Falköping in Sweden, Riga and Rezekne in Latvia, Curitiba in Brazil, Detmold in Germany, Mezökövesd in Hungary and Wuxi in China. The Group is a manufacturer of mechanical components and subsystems for the heavy vehicle industry, passenger cars, mining and construction industries and other engineering industries. LEAX Group also delivers customized gearboxes for various mechanical engineering industries. The Group had a turnover of SEK 1,5 billion in 2020.