Haldex - Half-year report 2009

Haldex - Half-year report 2009 

• 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

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 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.

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, July 17, 2009.