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We have successfully built on our world leading position for drum brakes and have gained a significant market share on disc brakes for trailers in Europe.
Bo Annvik, President and CEO of Haldex
The agreement with Daimler is one of several new wins on disc brakes that in combination are estimated to be worth 650 MSEK until 2017, as previously communicated in our interim report.
Bo Annvik, President and CEO of Haldex
Mercedes-Benz TrailerAxleSystems has been manufacturing disc-braked trailer axles for more than 15 years. The cooperation for the development of the DCA L7 combines the innovative commercial vehicle know how of Haldex with the long-term expertise of Mercedes-Benz TrailerAxleSystems in the use of disc brakes.
Norbert Rehbein, General Manager of MB-TAS
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Haldex significantly strengthens its presence in China and establishes a strategic partnership with market leading FAST Group regarding Air Disc Brakes

Brake specialist Haldex has reached a strategic milestone in Haldex’s profitable growth journey by expanding the geographical footprint of the key product line, Air Disc Brakes (ADB), in China.Today Haldex and FAST Group announce the agreement to form a joint venture company to produce and sell ADB including aftersales services for Truck and Bus with primary focus on the China market. Owning and joint-owning over 10 subsidiaries globally, FAST Group is the market leading Chinese manufacturer in the commercial vehicle components industry. The objective of the new JV is to launch a

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

Haldex publishes Annual and Sustainability Report 2019

The report describes Haldex operations and outcome 2019. In this year’s work on the Annual Report we have enhanced the description of offer, markets, technology development and sustainability work. The report also highlights our strategic focus areas set out to reach the goal of an adjusted operating margin of 10 percent by the end of 2022.A strong financial position and better profitability are key enablers in driving our technology development and capturing exciting opportunities within the present technology shift, especially in emerging markets such as Asia.“In the next few years, the

Haldex has completed a directed new share issue of approx. 4.4 million shares to AMF Pensionsförsäkring and AFA Försäkring raising proceeds of approx. SEK 157.2 million

The board of Haldex Aktiebolag (publ) (”Haldex” or the “Company”) has, pursuant to the authorization given at the annual general meeting 2019, resolved to issue a total of 4,421,597 new shares to AMF Pensionsförsäkring and AFA Försäkring. The new shares have been issued at a subscription price of SEK 35.56 per share, corresponding to the volume-weighted average price of the Company's share on Nasdaq Stockholm during the last five trading days prior to the board’s resolution to issue new shares.Through the new share issue, the Company raises proceeds of approximately SEK 157.2 million before

Haldex reaches agreement with lenders and intends to carry out a directed new share issue to AMF Pensionsförsäkring and AFA Försäkring

Haldex Aktiebolag (publ) (”Haldex” or the ”Company”) has reached an agreement with the Company’s lenders including to extend the maturity of the existing syndicated credit facility of EUR 90 million and the existing short-term loan of SEK 270 million to April 2022 and to make certain adjustments to the terms of the loans regarding financial ratios and the interest rates. The agreement also stipulates that the Company be provided with new equity. The parties intend to conclude final agreements shortly.The board intends, against the background of the agreement with the lenders and to further

Haldex Interim Report, January - September 2019

Stable quarter on a further weakened marketThe currency-adjusted net sales for Q3 decreased by 4 per cent compared to the same period the previous year. In North America, Haldex increased its net sales by 2 per cent during the quarter despite signs that the market is weakening. In Europe, net sales decreased by 7 percent due to a weaker market, primarily in the Trailer segment. Net sales also decreased in China primarily due to lower sales of brake adjusters compared to an unusually strong comparison quarter. The operating income excluding one-off items increased 7 per cent compared to

Haldex set to streamline production in Europe

A move of the production from Germany to HungaryHaldex will streamline their production in Europe through concentrating the production of EBS and air suspension products to Hungary. This entails that the factory in Heidelberg, Germany will be shut down. Haldex’s European region has not managed to increase profitability to a level that meets the expectations. The expected economic downturn and the cost level in Germany has resulted in the decision to move the production. Through co-locating the production in Heidelberg with the production in Szentlörincskáta in Hungary, economies of scale

Concept Development Agreement extended with leading manufacturer of commercial vehicles to include new technology

Haldex is continuing a concept development agreement with one of the largest heavy-duty truck producers in the world. The technology could be used in current brake and suspension technology as well as future areas like autonomous driving. Haldex will be a key partner in selected joint projects.“We are scaling up and entering the next phase,” says Helene Svahn, President and CEO for Haldex. “Haldex is at the forefront of technology development for self-driving and electrical vehicles and due to that, we were selected as a partner going forward specifically in the area of Redundant Base

Haldex streamlines the manufacturing of brake adjusters

Move of production from US to MexicoHaldex will continue to streamline the production of brake adjusters by moving the production from the United States to Mexico. The process began in 2018 when machining of brake adjusters in the US was moved to India. In a final step, the assembly is now being moved from the plant in Blue Springs (Missouri), USA to Mexico. Brake adjusters are Haldex's largest product and they will from now on be manufactured in China, India, Hungary, Brazil and Mexico. By co-locating the production of brake adjusters with the production in Mexico, Haldex’s largest

Main owner ZF´s sale is welcomed

“I might go so far as to call it an early Christmas present to both Haldex and our customers. If I could wish for another, it would be that Knorr-Bremse should now be inspired by the message and begin the process of selling its stake as well.” In this way, a very content Jörgen Durban, Chairman of the Board of Haldex, summarizes ZF's message that the company has sold its holding and thereby now leaves Haldex on Friday morning.It was after the stock exchange´s closing on Thursday that ZF announced that the company was initiating the process of divesting its holding in Haldex. Although the

Haldex’s customers welcome message from big owner ZF

The news that Haldex´s major owner ZF is now ready to sell its stake of 20 percent of the shares in Haldex had barely been communicated before the congratulations from the Haldex´s customers began to flow.“This is a message that both our customers and we have been waiting for since ZF made a bid for our competitor Wabco earlier this year.”, says Jörgen Durban, chairman of the board. “It is clear that many of our customers are worried about the competitive situation on the brake market when one and the same player has ownership interests in two competing businesses.” Ever since the Haldex

Haldex reports suspected corporate espionage and data breach to the police

Haldex has filed a police report due to suspected corporate espionage and data breaches. This is after the company discovered that a former employee copied large amounts of digital information, mainly of financial nature, from the company's servers. There is also evidence that information has been passed on to at least one senior employee in the financial industry.“The potential information value in each separate of the copied files is limited. However, given the large number of documents downloaded, we cannot exclude that the potential spreading of all files together may have led to the

Haldex starts serial production of truck disc brakes for Unimog

Haldex has successfully finished the joint development of the ModulT disc brake with Daimler, the world’s largest truck manufacturer, and is now starting serial production for the Mercedes-Benz Unimog. Haldex has, as part of the project, customized ModulT to one of the customer’s demanding special trucks application.ModulT has been designed as a complete program for both tractors and pulled units and is being extended step by step. At the top of the current range is the heavy-duty version of the 22.5-inch application with a maximum brake torque of 30 kNm. All ModulT brakes utilize Haldex's

Haldex Interim Report, January - June 2019: Stable quarter on a weak market

The market conditions continued to weaken during Q2. Net sales increased slightly in the quarter, while the currency-adjusted net sales decreased. Sales in North America continue to be high, which did not have a full impact on profitability due to high raw material prices and tariffs. Demand in Europe has slowed, primarily in the Trailer customer category, which also affected the sales of disc brakes. The operating margin, excluding new technology, is in line with Q1. Operating income was primarily affected by lower sales volumes, but also by high costs for direct material and tariffs. Cash

Change in leadership of Haldex – Helene Svahn, board member and Professor from KTH Royal Institute of Technology new CEO

The board has decided on a change of CEO for Haldex. Helene Svahn, board member of Haldex, professor at KTH Royal Institute of Technology in Sweden and currently Head of Research and Innovation at Permobil will assume the role as CEO of Haldex after Åke Bengtsson, who has been CEO since the 2017 bidding process with Knorr-Bremse.“The board would like to extend their appreciation to Åke for the work he has done, in particular with the tough task of steering the company through the turbulent bidding process of 2017”, says chairman of the board Jörgen Durban. “However, as the company is now

Report from Annual General Meeting in Haldex

Haldex held its annual general meeting (AGM) for 2019 on May 9 in Landskrona, Sweden.CEO presentationHaldex’ President and CEO, Åke Bengtsson, summed up 2018 as the year when the development of new technology gained momentum. Two of the trends that has opened up for new opportunities are the development of electric and autonomous driven trucks. Åke Bengtsson explained how Haldex’ technology can play a prominent role in such a development. DividendThe AGM resolved on a dividend of SEK 1.15 per share with record date of 13 May 2019 and payout date of 16 May 2019. Board of directors

Haldex Interim Report, January - March 2019: Improved operating margin in weakened market

Market conditions weakened slightly in the first quarter. Currency-adjusted net sales decreased marginally but increased in absolute terms. The positive performance of disc brake sales continued while brake adjuster sales decreased due to a slowdown in Chinese demand. Operating income improved due to increased Aftermarket sales, stabilized raw material prices and improved cost controls, and also because Haldex’s joint venture in China is now recognized as a part of operating activities. Cash flow from operating activities was down while earnings per share were up year-on-year.Net sales for

Haldex annual report and sustainability report for 2018

Haldex combines an established product portfolio with new technical developmentHaldex’s annual report presents an in depth description of the development towards connected, electrical and self-driving vehicles and what role Haldex has in that development. Åke Bengtsson, President & CEO of Haldex comments: “There are few companies that, like Haldex, both have a stable core business with established customer relationships and market-leading products, and a new growth are that is challenging the entire market structure. Our objective is to optimize the core business and ensure that it

Notice of annual general meeting in Haldex Aktiebolag

The shareholders of Haldex Aktiebolag (publ) are hereby invited to attend the annual general meeting to be held at 14.00 CEST (note, new time) on Thursday 9 May 2019, at Hotell Öresund, Sofia Albertinas plats 5, Landskrona, Sweden.A.     RIGHT TO ATTEND THE GENERAL MEETING Shareholders who wish to attend the general meeting must i.             be included in its own name in the share register maintained by Euroclear Sweden AB, as of Friday 3 May 2019, and ii.            notify the company of its intention to participate in the general meeting at the address: Haldex AB, Wiveca Kivi,

Haldex has initiated a concept phase with brake solutions for autonomous vehicles with world-leading truck manufacturer

In a close dialogue with a world-leading manufacturer of trucks, Haldex has been selected to start a concept phase where Haldex's solution "Scalable Brake System" will be evaluated, which is expected to lead to a development contract at the end of the year.Haldex presented its future projects on connected, autonomous and electrified vehicles, "Scalable Brake System", in the spring of 2018. Subsequently, a number of customer dialogues have been initiated where one of them has now resulted in Haldex being selected for a concept phase, with the goal of signing a development contract at end of

Haldex streamlines operations to reach the long-term operating margin objective

Operating margin of 10 per cent, excluding investments in new technology, expected to be achieved in 2022In parallel with investments in new technology, Haldex is analyzing its business to verify that the long-term objective of a 10 percent operating margin can be achieved. A stable and profitable core business is crucial for Haldex's ability to invest in new technology. Operations will be streamlined and optimized with the aim of reaching a 10 per cent operating margin in 2022, excluding investments in new technology. “My first year as CEO has been characterized by a technology shift

Haldex Annual Statement, January - December 2018: Strong sales growth and improved earnings per share despite weak end to the year

Haldex increased its net sales in all geographic regions in 2018 and has also grown faster than the market. The development in a number of product lines continued to be strong, including brake adjusters and disc brakes. Income in the fourth quarter was negatively affected by higher direct material prices and tariffs in the USA, which contributed to the operating income excluding one-off items for 2018 being lower than the previous year. Investments in R&D continued, which resulted in a concept phase being initiated in the new technology area with a customer. Cash flow from operating

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