LEDiL’s good performance continued in Q1 2022

Unfortunately, the world is not the same as it was a few months ago. In addition to the pandemic, global logistics challenges, and component shortages, one must also take into account the war in Ukraine, an insecure geopolitical situation, covid lockdowns in China, developing inflation, material shortages and more.

Despite all this, LEDiL teams has done a great job in driving LEDiL’s performance while continuing to serve our customers globally in accordance with our business plan. The record year for LEDiL in 2021 continues with another fantastic performance during Q1 2022.

During Q1 LEDiL paused its limited business activities in Russia and Belarus, causing some negative financial impact. Notwithstanding, LEDiL continued producing strong order flows and solid revenues throughout Q1. We achieved organic growth in the quarter compared with last year’s Q1, driven by continued strong indoor and outdoor segment performance. Order intake also continued at a healthy level, resulting in a higher order backlog than last year. Cash flow also remained strong.

For more information on LEDiL as well as RATOS AB and its group companies’ quarterly results, click on the link: https://www.ratos.com/globalassets/reports-and-presentation/2022/interim-report-q1-2022.pdf

Under the prevailing distressed geopolitical situation and unstable global business environment, we remain focused in seeking ways to continuously improve. Sustainability ambitions increasingly guide the industry, and also drive LEDiL’s everyday decisions. As a responsible industry player, LEDiL want to be involved in shaping the future for coming generations.

Our continued strong performance in Q1 enables LEDiL to drive planned initiatives for enhancing our offering and performance, as well as enabling increased customer benefits while creating sustainable value for all stakeholders.

Despite our continued success, we remain humble, and extend a big thank you once again to all our valued customers and partners who continue to place their trust in us. We are committed to working hard, enabling you to reach your goals.

Stay well and healthy!

Petteri Saarinen
President & CEO
LEDiL Group