LEAX Interim Financial Report Q2 2025

Continued Profit Improvement but Market Uncertainty Remains

The second quarter in summary

•                        Net Sales decreased to SEK 519.3 million (542.0)

•                        Operating profit increased to SEK 20.1 million (-6.4)

•                        Earnings before tax (EBT) increased to SEK 10.5 million (-23.1)

•                        Net income for the period increased to SEK 7.5 million (-24.4)

•                        Cash flow from operating activities amounted to SEK 7.5 million (27.4)

The first half of the year in summary

•                        Net Sales decreased to SEK 1,000.1 million (1,102.8)

•                        Operating profit increased to SEK 17.5 million (0.0)

•                        Earnings before tax (EBT) improved to SEK -7.7 million (-23.7)

•                        Net income for the period improved to SEK -12.3 million (-25.5)

•                        Cash flow from operating activities amounted to SEK 30.2 million (53.8)

Comments from the Group President and CEO, Roger Berggren;

The second quarter of 2025 was marked by a clear improvement in earnings, while the market outlook remains uncertain. Net sales amounted to SEK 519.3 million, slightly lower than in Q2 2024 (SEK 542.0 million), but operating profit rose to SEK 20.1 million – an improvement close to SEK 30 million compared with the corresponding period last year.

This development is largely a result of our profit improvement program “Action 100”, which aims to achieve an expected annual profit improvement of SEK 100 million. This program is now largely implemented and is already having a clear impact through price increases, lower personnel costs, more efficient use of materials, and optimized production. The new cost structure creates conditions for sustainable profitability even at lower volumes.

At the same time, several uncertainties remain regarding both vehicle electrification and the business cycle for heavy commercial vehicles. The threat of new tariffs and trade barriers also risks affecting the willingness to invest and order intake in the short term. This means that we need to remain cautious in our market assessments.

Our strategy is clear: we will continue to drive efficiency improvements, strengthen cooperation with key customers, and expand in segments with long-term growth potential, such as the defence industry. With ongoing improvements in the cost structure and a continued strong operational focus, LEAX is better positioned to gradually strengthen profitability and cope with a volatile market environment.

I would like to express my sincere thanks to our employees for their commitment and professionalism, and to our suppliers, owners, and, not least, our customers for their continued trust.

About LEAX

LEAX Group AB (publ) is the parent company of a group (“LEAX Group”) with about 1,000 employees. LEAX has operations in Köping, Falun and Falköping in Sweden, Riga and Rezekne in Latvia, Curitiba in Brazil, Detmold in Germany and Mezökövesd in Hungary. The Group designs, develops and industrializes advanced manufacturing solutions and superior products for global mobility and industrial markets. The Group had sales of SEK 2.0 billion in 2024.

Roger Berggren, Group President and CEO
Telephone: +46 (0)70 655 99 71
E-mail: roger.berggren@leax.com

Jonas Lundberg, CFO
Telefon: +46 (0)70 453 58 14
E-mail: jonas.lundberg@leax.com

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