HALDEX INTERIM REPORT JANUARY

HALDEX INTERIM REPORT JANUARY - SEPTEMBER 2010


  · Sales amounted to SEK 5,201 m (4,237). Adjusted for exchange-rate
fluctuations and divestments, sales increased 36% compared with the
year-earlier period. 
 
  · Earnings after tax amounted to SEK 80 m (105). Earnings per share
amounted to SEK 1.71 (3.29).Earnings per share at September 30, 2009,
calculated on the basis of the same number of shares that are
outstanding in 2010, amounted to SEK 2.53.
  · Adjusted for divested operations, earnings amounted to a loss of SEK
227 m in the year-earlier period.

  · Adjusted* operating income and adjusted* operating margin increased
sharply and totaled SEK 331 m (loss: 155) and 6.4% (minus: 2.6),
respectively.

  · Cash flow remained strong and amounted to SEK 242 m (690), reducing
the Group's net debt to SEK 721 m (1,675).  
 
  · Haldex has secured an order for a new all-wheel drive system from a
European super sports-car manufacturer. The total order value is
estimated at approximately SEK 100 m over a five-year period. 
 
  · Early in July, Haldex announced an order for a new generation of
disc brakes for SAF Holland. The order value is expected to total
approximately SEK 1,000 m over a five-year period. Deliveries will
commence in 2011.  
 
  · Haldex's Board of Directors will be proposing a demerger of the
company's divisions allowing Haldex shareholders to hold shares in three
separate companies instead of one. The aim is to present the motion to
shareholders in conjunction with the Annual General Meeting that will
take place on June 8, 2011. The internal demerger process has been
initiated and is progressing according to plan (announced July 16).  

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

 “Haldex delivered strong results during the third quarter. The distinct
market upswing in the first six-months of the year continued in the
third quarter, resulting in higher sales than normal during the vacation
period.  

The strong operating margin of 7.6% in the quarter is the highest margin
in ten years and implies that the Group's goal of 7% has been achieved.
 

The earnings trend is positive confirmation that the change effort and
cost-reduction program have been successful.”
* Continuing operations excluding restructuring costs, non-recurring
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 INTERIM REPORT JANUARY - SEPTEMBER 2010

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