Haldex Interim Report, January - March 2018: Growth in all regions and improved operating income
The market conditions continued to improve during the first quarter, and Haldex increased its net sales in all geographic regions. The development in a number of product areas has been strong, including brake adjusters, disc brakes and actuators. The operating margin improved compared with the same period of the previous year. Large investments in R&D and increased costs to meet production increases in China had a negative impact on income but were offset by higher sales. The increased demand for primarily automatic brake adjusters in China also had a negative impact on both working capital