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25th May 2006 - Haldex Announces 1st Quarter 2006 Results

Haldex has announced a summary of their first quarter 2006 Results

 • Earnings after tax rose SEK 2 m to SEK 75 m (73). Earnings per share increased to SEK 3.37 (3.29).
 • Operating income increased 5% to SEK 123 m (117). The profit margin dropped from 6.3% to 5.9%.
 • Profit decline of MSEK 19 m within the division Wire due to temporary problems.
 • Profit improvements within the divisions CVS and Hydraulics of SEK 14 m and SEK 9 m respectively.
 • The credit loss against Dana was SEK 3 m, which was less than expected.
 • Earnings before tax rose SEK 1 m to SEK 103 m (102).
 • Return on capital employed (rolling 12 months) decreased from 13.2% to 12.1%.
 • Sales rose 13% to SEK 2 076 m (1844). The increase amounted to 5% after adjusting for currency exchange rates. Order intake rose 4% to SEK 2 119 m (2 045), but declined 3% after adjusting for currency exchange rates.

Source: Haldex Press Release