The effects of COVID-19 lead to an estimated drop of net sales by 15-20 percent in the first quarter and a lower operating margin. Full year forecast for 2020 is withdrawn.
There is still a high degree of uncertainty regarding both short- and long-term effects of COVID-19, but there has been substantial negative impact on both demand and operations during March. For the first quarter of 2020, Haldex expects sales and operating margins to be significantly lower than was expected in the previously communicated full-year forecast. Given the circumstances, Haldex has withdrawn the full year forecast and at this stage no updated forecast can be submitted.The COVID-19 outbreak has led to lower demand and major disruptions for parts of the business. For the first