Year-end Report 2008

Year-end Report 2008

• Sales totaled SEK 8,403 m (7,940). Adjusted for currency exchange rates, sales
rose 6%. Order intake totaled SEK 7,923 m (8,098). After adjustments for
currency exchange rates, the decrease was 3%.

• Earnings after tax amounted to SEK -43 m (141). Earnings per share amounted to
SEK -1.92 (6.24). 

• Operating income* and the operating margin* amounted to SEK 250 m (339) and
3.0% (4.3) respectively. 

• Cash Flow from operating activities was strong in the period amounting to SEK
857 m (312).

• Haldex has expanded its earlier announced cost reduction program involving a
decrease of the number of employees to include approximately 1,500 employees,
whereof 1,000 employees already have left the company. The expanded program also
includes structural measures. The annual saving is expected to amount to
approximately SEK 425 m. 

• The restructuring cost of the extended cost reduction program is estimated at
SEK 150 m, whereof SEK 85 m has been charged in the fourth quarter, while the
remaining SEK 65 m will be charged against earnings during the first quarter of
2009. Additional one-off items amounting to SEK 41 m have been posted in the
fourth quarter.  

• The financing has been secured by renegotiating of the USD 250 m revolving
credit facility, with an unutilized amount of USD 157 m. The facility will
mature in 2012.

• Haldex completed the acquisition of Concentric on April 1. The integration is
running ahead of plan.

• Haldex reached an agreement with Suzuki Metal Industry, to divest the
Garphyttan Wire division. The purchase price, which will be paid in cash, is
estimated to SEK 800 m on a cash and debt free basis. 

• The Board proposes that no dividend will be paid for fiscal year 2008. 

• Against the background of the exceptional uncertainty in the market, Haldex
will not give any outlook for earnings for 2009. 


* Excluding restructuring costs, one-off items and amortization of
acquisition-related surplus values. Operating income amounted to SEK 92 m (289).


For further information, please contact Joakim Olsson, President and CEO, Stefan
Johansson, 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, 20 February 2009.