Haldex Year-End Report January - December 2020
Strong sequential recovery and improved adjusted operating incomeFOURTH QUARTER 2020 · Sales fell by 13% to SEK 989m (1,141). In currency-adjusted terms, the decline was 6%. · Gross margin improved by 3 percentage points to 28.6% (25.6). The improvement is attributed to the closure of production units as well as increased share of aftermarket sales. · Adjusted operating income increased to SEK 66m (44), equivalent to an adjusted operating margin of 6.7% (3.8). Adjusted operating margin excluding investments in new technology was 8.0% (4.9). · Reported operating income totaled