Haldex announces restructuring program

Haldex has initiated a restructuring program which is expected to result in
total annual savings of SEK 100 m with full impact from 2015. The total cost of
the program will be SEK 250 m and is focusing on consolidation of key processes
and functions, optimization of Sales and G&A costs, transformation of the
European footprint and product rationalizations. The program also includes asset
write-downs of SEK 98 m, relating to foot print transformation and product
rationalization.
The program will continue to focus on consolidation of key processes and
functions, optimization of Sales and G&A costs, transformation of the European
footprint including relocation of operations from West to East and product
rationalizations.

The total cost of the program will be SEK 250 m with a cash effect in the range
of SEK 150 m, and will be rolled out from now until 2015, and includes a
headcount reduction of more than 200 employees as well as other operating cost
reductions. The costs will be booked as and when projects are approved and
implemented during the relevant period. Total annual savings will be expected in
the range of SEK 100.

Haldex’s, President and CEO, Bo Annvik says: “The new functional organization
has enabled us to further streamline our business and administrative processes
through reducing complexity and optimizing the processes through the entire
value chain. We will continue to adapt our business and improve efficiency and
work with our product rationalization program.”

As a first step, SEK 120 m will be booked in Q2 and includes asset write-downs
of SEK 98 m. The expected annual savings will be in excess of SEK 25 m, coming
mainly from staff reductions.

As a result of the planned foot print transformation, a mix of tangible and
intangible assets will be written down, which corresponds to half of the write
down. The other half relates to the disc brake product line, where a number of
different technologies historically have been explored, but not all are deemed
to be commercialized. However, Haldex will continue to expand with its
successful current disc brakes.
For further information, please contact:
Bo Annvik, President and CEO: +46 418 47 60 00
Kristina Brink, Corporate Communications Manager / IR: +46 705 90 91 40
Haldex (www.haldex.com), headquartered in Landskrona, Sweden, is a provider of
proprietary and innovative solutions to the global commercial 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 approx 3.9 billion SEK in 2012. The number of employees amounts to
about 2,200.

Haldex (www.haldex.com), headquartered in Landskrona, Sweden, is a provider of
proprietary and Haldex AB (publ) is required to publish the above information
under the Swedish Financial Instruments Trading Act. The information was
submitted for publication on May 21, 2013, at 08.30 CET.