• Sales totaled SEK 2,971 m (4,473).
Adjusted for currency exchange rates, sales declined 43%.
• Earnings after tax amounted to SEK
142 m (115). Earnings per share amounted to SEK 6:70 (5:20).
• Operating income and operating
margin amounted to SEK 181 m (222) and 6.1 % (5.0) respectively.
• Operating income* and the operating
margin* from continued operations (after the divestiture of
Garphyttan Wire) amounted to SEK -93 m (163) and -3.4 % (4.2)
respectively.
• Cash flow amounted to SEK 675 m,
which reduced net debt to SEK 1,848 m.
• The divestment of Garphyttan Wire
was completed on June 1, 2009. The purchase price amounted to SEK
827 million, which reduced the net debt with the corresponding
amount. The transaction resulted in a capital gain of SEK 411
million.
• Haldex received its largest single
order ever amounting to SEK 4.5 billion from VW to All-Wheel-Drive
systems for VW’s new modular platform (announced in April).
• The cost reduction program has been
successful. Annual saving is approximately SEK 650 m for the
continued operations after the divestment of Garphyttan Wire. The
reduction in the number of jobs corresponds to 2,300 employees,
which is 38% of the workforce.
• Haldex’s strategic focus on meeting
and exceeding society’s increasingly strict environmental demands
has been successful. Several major contracts have been secured for
Haldex products and technologies for next-generation diesel engines
that meet stricter environmental requirements.
* Excluding restructuring costs,
one-off items and amortization of acquisition-related surplus values
Haldex (www.haldex.com),
headquartered in Stockholm, Sweden, is a provider of proprietary and
innovative solutions to the global vehicle industry, with focus on
products in vehicles that enhance safety, environment and vehicle
dynamics. Haldex is listed on the Nasdaq OMX Stockholm Stock
Exchange and had net sales of nearly 8.5 billion SEK in 2008. The
number of employees amounts to about 5,000.