Haldex interim report, January - September 2016: Solid operating margin in spite of continuing weak market conditions
Market conditions continued to be weak in North America in Q3, which was the main factor contributing to lower sales. Disc brake sales increased significantly, but did not compensate for lower actuator and brake adjuster sales. The company’s operating margin is in line with previous quarters of this year in spite of lower net sales. Earnings per share for the first nine months of the year were also up compared with the same period of the previous year.Net sales for Q3 totaled SEK 1,076 (1,189) m, equivalent to a 10% decrease compared with the same period of the previous year. After currency