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