Haldex Group 1st Quarter 2003


STOCKHOLM, Sweden, April 24, 2003 (PRIMEZONE) -- Haldex (Other OTC:HLDXF) (Stockholm:HLDX):

- Earnings before tax, excluding the previously reported provision for restructuring of the production unit in Heidelberg, amounted to 54 MSEK (39), an increase of 38%. Currency rate changes negatively affected earnings with 5 MSEK.

- Earnings before tax, including the restructuring provision of 57 MSEK (0), amounted to -3 MSEK (39).

- Order intake was 1,673 MSEK (1,777), a decrease of 6%. Currency adjusted, an increase of 4%.

- Sales were 1,556 MSEK (1,639), a decline of 5%. Currency adjusted, an increase of 5%.

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