Haldex - Half-year report 2009

• Sales totaled SEK 2,971 m (4,473). Adjusted for currency exchange rates, sales declined 43%. • Earnings after tax amounted to SEK 142 m (115). Earnings per share amounted to SEK 6:70 (5:20). • Operating income and operating margin amounted to SEK 181 m (222) and 6.1 % (5.0) respectively. • Operating income* and the operating margin* from continued operations (after the divestiture of Garphyttan Wire) amounted to SEK -93 m (163) and -3.4 % (4.2) respectively. • Cash flow amounted to SEK 675 m, which reduced net debt to SEK 1,848 m. • The divestment of Garphyttan Wire was completed on June 1, 2009. The purchase price amounted to SEK 827 million, which reduced the net debt with the corresponding amount. The transaction resulted in a capital gain of SEK 411 million. • Haldex received its largest single order ever amounting to SEK 4.5 billion from VW to All-Wheel-Drive systems for VW’s new modular platform (announced in April). • The cost reduction program has been successful. Annual saving is approximately SEK 650 m for the continued operations after the divestment of Garphyttan Wire. The reduction in the number of jobs corresponds to 2,300 employees, which is 38% of the workforce. • Haldex’s strategic focus on meeting and exceeding society’s increasingly strict environmental demands has been successful. Several major contracts have been secured for Haldex products and technologies for next- generation diesel engines that meet stricter environmental requirements. * Excluding restructuring costs, one-off items and amortization of acquisition-related surplus values