HALDEX NINE-MONTH REPORT January - September 2008 • Sales totaled SEK 6,539 m (5,985). Adjusted for currency exchange rates, sales rose 14%. Order intake totaled SEK 6,401 m (6,077). After adjustments for currency exchange rates, the increase was 9%. • Earnings per share amounted to SEK 6.42 (5.97). • Operating income* and the operating margin* amounted to SEK 324 m (243) and 5.0% (4.1) respectively. • In order to adjust the cost structure to the current demand, Haldex has launched a cost reduction program, including a reduction of the number of employees by approximately 700. • Earnings in Garphyttan Wire continued to be strong. The operating margin was 10.1% (3.2). • Cash Flow from operating activities was strong in the period amounting to SEK 634 m (22). • On April 1, Haldex completed the acquisition of Concentric, a world-leading supplier of oil, water and fuel pumps for midsize and large diesel engines for trucks and construction machinery. The integration is running ahead of plan. • Sales and operating income* are expected to increase compared to 2007 (excluding restructuring costs), which means that the prior outlook is revised due to the decline in demand. For more information, refer to Revised Outlook for 2008, page 12. * Excluding amortization of acquisition-related surplus values. For further information, please contact Joakim Olsson, President and CEO, Stefan Johansson, Chief Accountant and CFO, or Lena Olofsdotter, SVP Corporate Communications, at Tel. +46 8 545 049 50. 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 Stockholm Stock Exchange and has annual sales of nearly 8 billion SEK with 6,000 employees. Haldex discloses the information in this press release according to the Swedish Securities Market Act and/or the Swedish Financial Trading Act. The information was provided for public release on Friday October 24, 2008.
HALDEX NINE-MONTH REPORT
| Source: Haldex AB