LEAX Interim Financial Report Q4 2025
13 mars, 08:30
LEAX Interim Financial Report Q4 2025
Stronger finish to the year in a still cautious market
The fourth quarter in summary
• Net Sales decreased to SEK 459.4 million (502.6)
• Operating profit increased to SEK 1.8 million (-26.6)
• Earnings before tax (EBT) increased to SEK -12.7 million (-41.7)
• Net income for the period increased to SEK -14.2 million (-45.5)
• Cash flow from operating activities amounted to SEK 55.2 million (63.9)
The full year in summary
• Net Sales decreased to SEK 1,840.8 million (2,012.2)
• Operating profit increased to SEK 4.2 million (-45.2)
• Earnings before tax (EBT) increased to SEK -48.2 million (-96.0)
• Net income for the period increased to SEK -56.2 million (-105.0)
• Cash flow from operating activities amounted to SEK 86.8 million (125.9)
Comments from the Group President and CEO, Roger Berggren;
The fourth quarter of 2025 shows that LEAX has strengthened its operational resilience despite a continued cautious market, particularly in heavy commercial vehicles. Net sales decreased to SEK 459.4 million (502.6), but profitability improved significantly and operating profit amounted to SEK 1.8 million (-26.6). The same trend can be seen for the full year, with lower net sales of SEK 1,840.8 million (2,012.8), but a strong improvement in earnings, with operating profit increasing to SEK 4.2 million (-45.2). This trend reflects the effect of the structural measures and efficiency improvements implemented during the year and marks a stronger financial finish to 2025.
During the final months of the year, production stabilized and cost control improved. The measures implemented in staffing, production, and purchasing have contributed to a more flexible organization and a more stable cost structure. At the same time, uncertainty in the world around us has remained high, with unclear tariff conditions for the EU and South America and a weakened global economy that has affected order intake during the quarter.
Despite weak market conditions, we are seeing continued strong growth in the defence industry, which is becoming an increasingly important area for LEAX and contributing to a better balance in the business portfolio. Together with stable industrial segments, this is mitigating the impact of the downturn in more cyclical parts of the business.
LEAX strategy remains unchanged: to strengthen cash flow, improve underlying profitability, and build a more resilient LEAX. The Action 100 profit improvement program has been largely implemented and has laid the foundation for lower structural costs and stronger operational discipline.
The short-term market outlook remains cautious, but we are seeing signs that conditions are gradually improving. Our assessment is that the market can gradually begin to recover from the second quarter of 2026 onwards, provided that market uncertainties do not worsen. With the cost structure and operational stability that is now in place, LEAX is better equipped to meet such developments and to gradually strengthen profitability as volumes recover.
I would like to express my sincere thanks to all employees for your commitment and responsibility during the year. Through your work, we have taken important steps towards a stronger, more focused, and long-term sustainable LEAX.
About LEAX
LEAX Group AB (publ) is the parent company of a group (“LEAX Group”) with approximately 900 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 1.8 billion in 2025.
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
LEAX Interim Financial Report Q4 2025
13 mars, 08:30
LEAX Interim Financial Report Q4 2025
Stronger finish to the year in a still cautious market
The fourth quarter in summary
• Net Sales decreased to SEK 459.4 million (502.6)
• Operating profit increased to SEK 1.8 million (-26.6)
• Earnings before tax (EBT) increased to SEK -12.7 million (-41.7)
• Net income for the period increased to SEK -14.2 million (-45.5)
• Cash flow from operating activities amounted to SEK 55.2 million (63.9)
The full year in summary
• Net Sales decreased to SEK 1,840.8 million (2,012.2)
• Operating profit increased to SEK 4.2 million (-45.2)
• Earnings before tax (EBT) increased to SEK -48.2 million (-96.0)
• Net income for the period increased to SEK -56.2 million (-105.0)
• Cash flow from operating activities amounted to SEK 86.8 million (125.9)
Comments from the Group President and CEO, Roger Berggren;
The fourth quarter of 2025 shows that LEAX has strengthened its operational resilience despite a continued cautious market, particularly in heavy commercial vehicles. Net sales decreased to SEK 459.4 million (502.6), but profitability improved significantly and operating profit amounted to SEK 1.8 million (-26.6). The same trend can be seen for the full year, with lower net sales of SEK 1,840.8 million (2,012.8), but a strong improvement in earnings, with operating profit increasing to SEK 4.2 million (-45.2). This trend reflects the effect of the structural measures and efficiency improvements implemented during the year and marks a stronger financial finish to 2025.
During the final months of the year, production stabilized and cost control improved. The measures implemented in staffing, production, and purchasing have contributed to a more flexible organization and a more stable cost structure. At the same time, uncertainty in the world around us has remained high, with unclear tariff conditions for the EU and South America and a weakened global economy that has affected order intake during the quarter.
Despite weak market conditions, we are seeing continued strong growth in the defence industry, which is becoming an increasingly important area for LEAX and contributing to a better balance in the business portfolio. Together with stable industrial segments, this is mitigating the impact of the downturn in more cyclical parts of the business.
LEAX strategy remains unchanged: to strengthen cash flow, improve underlying profitability, and build a more resilient LEAX. The Action 100 profit improvement program has been largely implemented and has laid the foundation for lower structural costs and stronger operational discipline.
The short-term market outlook remains cautious, but we are seeing signs that conditions are gradually improving. Our assessment is that the market can gradually begin to recover from the second quarter of 2026 onwards, provided that market uncertainties do not worsen. With the cost structure and operational stability that is now in place, LEAX is better equipped to meet such developments and to gradually strengthen profitability as volumes recover.
I would like to express my sincere thanks to all employees for your commitment and responsibility during the year. Through your work, we have taken important steps towards a stronger, more focused, and long-term sustainable LEAX.
About LEAX
LEAX Group AB (publ) is the parent company of a group (“LEAX Group”) with approximately 900 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 1.8 billion in 2025.
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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