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Archie Nimmer Iii

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STONERIDGE ELECTRONICS AS's activity report 2022

The focus of 2022 was directed towards managing the impacts of the Covid-19 crisis, to keep the company efficient and ensure the safety of the staff at work. The production unit's main focus was on the availability and distribution of electronic components to keep various production lines running efficiently according to line performance and component availability. Sales revenue increased by 17% compared to the previous period. This was 5.0 million euros above budget and 11.8 million euros more than in 2021. The 2022 budget was made with a conservative approach, assessing the risk of

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