Haldex is updating its strategic direction and financial objectives

Haldex is announcing an updated strategy and financial objectives in connection
with today’s capital market day.
Bo Annvik, President and CEO for Haldex: “For the past two years we have been
working on creating a stable platform where improved operational excellence and
profit margins has been our main focus. We are now ready to move into a phase
with profitable growth. With an intensely focused company our ambition is to
grow faster than the market while at the same time continue to improve our
margins. We are building a sustainable business that is good for shareholders,
customers and employees.”

Strategy
The strategy will be focused even further. Haldex will offer a world-class,
focused product range for OEM customers. Products within the portfolio should
have market leading potential with features standing out among the competition.
The OEM sales will continue to serve as a volume engine where an increased
installed base of Haldex products on trucks, busses and trailers results in a
great potential for aftermarket sales of service and spare parts.

For the aftermarket, the product offering, service level, pricing and channel
distribution will be adapted over the vehicles lifecycle, with the ambition to
offer support during the vehicle’s main lifetime.

Products within the Foundation brake product family will continue to serve as
the base complemented with selected product investments in the Air Controls
product family.

Foundation brakes

  ·
Maintain the leading market position for brake adjusters

  ·
Extend the leading position on actuators

  ·
Grow disc brakes to become a market leader

Air controls

  ·
Maintain current product lines with selected product rationalizations

  ·
New product development where relevant market position is within reach

In addition, Haldex will use its size to its advantage with customer focus and
operational excellence as key areas to excel within.

Objectives
For the past quarters, Haldex has reached three out of four financial
objectives. The operating margin has exceeded the 7% target, the net debt/equity
ratio has been less than 1 and more than a third of the profit has been paid out
in dividend. The target not reached is the growth target of 7% where Haldex has
grown in line with the market.

The objectives are updated and also extended to include non-financial
objectives:

Financials

  ·
Organically grow faster than the market (weighted segment volume)

  ·
Sustainable operating margin of 10% or above

  ·
Net debt/equity less than 1

  ·
1/3 of the yearly net income over a business cycle in dividend

People & Environment

  ·
Safe Haldex – vision zero

  ·
Ethical Haldex – vision zero

  ·
Green Haldex – global mapping on-going to define objective

Capital market day
Haldex is arranging its capital market day today with a factory tour in
Landskrona, followed by a strategic update and further presentations in Malmö.

The presentations, including a video recording will be published on the Haldex
website during the day. www.haldex.com/presentations
For further information, please contact:

Bo Annvik, President & CEO, +46 418 476000
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 October 2, 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.