Year-end Report 2009

Year-end Report 2009

• Sales amounted to SEK 5,622 m (8,403). Adjusted for currency-exchange
fluctuations, sales declined 39%. The final quarter of 2009 was the first
quarter during which sales had exceeded the preceding quarter's level since the
economic downturn started in mid-2008.

• Earnings after tax amounted to SEK 75 m (loss: 43). Earnings per share
amounted to SEK 2:40 (-1:25).

• Operating income and operating margin amounted to SEK 155 m (92) and 2.8%
(1.1), respectively.

• The Group reported an adjusted* operating loss of SEK 79 m (income: 181) and
an adjusted*operating margin* of minus 1.5% (plus 2.5).

• Cash flow amounted to SEK 847 m (857), which combined with the new issue
reduced net indebtedness to SEK 985 m (2,323).

• The cost-reduction program, which generated savings of SEK 700 m, continued
and included the planned combination of two plants in the US.

• The new share issue implemented during the fourth quarter was subscribed for
in full and contributed SEK 504 m to Haldex before deductions for issue
expenses. 

• The divestment of Garphyttan Wire was completed on June 1, 2009. The selling
price was SEK 827 m on a debt-free basis. The transaction gave rise to a capital
gain of SEK 411 m. 

• Haldex secured its largest ever individual order, worth SEK 4.5 billion, from
VW. The order pertains to AWD systems for VW's new modular platform (disclosed
in April). 

• Haldex's strategic focus on satisfying and exceeding society's ever stricter
environmental requirements has been successful. A number of major contracts were
secured for Haldex products and technologies for the next generation of diesel
engines that satisfy more stringent environmental requirements.


* Continuing operations, excluding restructuring costs, nonrecurring items and
amortization of acquisition-related surplus value.

For further information, please contact 
Joakim Olsson, President and CEO, 
Stefan Johansson, CFO, or Lena Olofsdotter, SVP Corporate Communications, 
at Tel. +46 8 545 049 52. 


Haldex (www.haldex.com), headquartered in Stockholm, Sweden, is a provider of
proprietary and innovative solutions to the global 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
nearly 5.6 billion SEK in 2009. The number of employees amounts to about 4,300.