Haldex’ restructuring negotiations in Heidelberg finalized

Haldex announced a global restructuring program in 2013, effecting several
countries and functions. With the German negotiations coming to an end, the
plans for all sites that are part of the program have been finalized. The plan
for Germany will be implemented from September 2014 until end of 2015.
Global restructuring program
The global program includes consolidation of central processes and functions,
optimization of sales and administration costs, adjustments of the European
production structure, product rationalization measures and impairment tests of
related non-current assets. The program runs through 2015 and includes staff
reductions by around 200 employees globally, as well as other measures to reduce
operating costs.

German part of the program
The negotiations with the German trade unions started last summer and has now
been finalized. After the restructuring, air suspension products and the EBS
product line will continue to be manufactured at the Heidelberg plant, while
other production is gradually reduced in 2015, with a significant portion moving
to Hungary. After the restructuring the Heidelberg site will have approximately
100 employees.

Bo Annvik, President and CEO for Haldex: “We are pleased that the German
negotiations are coming to a close so that we can implement the final phase of
our restructuring program. Our remaining operations in Heidelberg are based on
the core expertise for air suspension products, which will result in an
effective and focused unit that will contribute positively to Haldex in the
coming years.”

Total savings and cost
The restructuring program Haldex announced in 2013 was expected to result in
total annual savings of SEK 100 m and a total costs of SEK 250 m, with cash
effects of approximately SEK 150 m. From the start of the restructuring program
until Q2 2014, SEK 139 m has been recognized as costs in conjunction with
activities in the UK, Germany, Brazil and Hungary, with SEK 41 m in
restructuring costs and SEK 98 m in asset write-downs. The estimates for the
total program is now revised with new annual savings of SEK 85 m and total costs
of SEK 250 m, with cash effects of approximately SEK 100 m. The reason for the
revised numbers is changes in the German part of the program compared to the
original plan and a write down related to one of the products affected by the
restructuring in Heidelberg.
For further information, please contact:

Andreas Ekberg, CFO, andreas.ekberg@haldex.com or +46 418 476150
Catharina Paulcén, SVP Corporate Communications, catharina.paulcen@haldex.com or
+46 418 476157

Haldex AB (publ) is required to publish the above information under the Swedish
Financial Instruments Trading Act. The information was submitted for publication
on September 30, 2014 at 7.30 am CEST.
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 2013. The number of employees amounts
to about 2,200.