HALDEX SIX-MONTH REPORT JANUARY

HALDEX SIX-MONTH REPORT JANUARY - JUNE 2010


  · Sales amounted to SEK 3,394 m (2,971). Adjusted for exchange-rate
changes and divestments, sales increased 32% compared with the
year-earlier period.

  · Earnings after tax amounted to SEK 46 m (142). Earnings pershare
amounted to SEK 0.99  (4.37). Previous year result adjusted for
discontinued operations amounted to SEK -190 m.

  · Adjusted* operating income and adjusted* operating margin*amounted
to SEK 194 m (loss: 93) and 5.7% (minus: 3.4), respectively. 

  · Cash flow remained strong, amounting to SEK 118 m
(neg: 152), which reduced the Group's net debt to SEK 873m
(1,848).

  · The Cost-Reduction Program continues with a review of the production
structure in North America and further personnel cutbacks in certain
areas of CVS' other operations.

Business events after the reporting period

  · In early July, Haldex announced an order for a new generation of
disc brakes for SAF Holland. The total order value is expected to amount
to about SEK 1,000 m over a five-year period. Deliveries will commence
in the second quarter of 2011.

  · The Haldex Board of Directors will propose a reorganisation of the
divisions of Haldex, so that the Haldex shareholders will subsequently
own shares in three separate listed companies instead of a single
company. The intention is to submit this proposal to shareholders at the
AGM in the second quarter of 2011.

President and Chief Executive Officer Joakim Olsson comments on the
second quarter of 2010:

“Haldex generated strong earnings also during the second quarter of the
year. The clear market rise late in the first quarter in the global
vehicle industry stabilized at a higher level. For some of the segments
in which Haldex is active, the recovery was very strong, although from
low levels.

“The strong operating margin during the second quarter of 6.5% is the
highest margin in a decade. The earnings trend is a positive indicator
that the change efforts and Cost-Reduction Program have been
successful.”

* Continuing operations, excluding restructuring costs, nonrecurring
items and amortization of acquisition-related surplus values

For additional information, please contact:

Joakim Olsson, President and Group CEO, phone 46 8 545 049 52 or Stefan
Johansson, CFO, phone 46 8 545 049 51.
HALDEX SIX-MONTH REPORT JANUARY - JUNE 2010

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