| ▫ |
Sales totaled SEK
4,237 m (6,539).
Adjusted for
currency
exchange rates,
sales declined
43%. |
| ▫ |
Earnings after
tax amounted to SEK
105 m (141).
Earnings per
share amounted
to SEK 5:05
(6:42) |
| ▫ |
Operating
income and operating margin amounted to SEK 163m (301) and
3.8 % (4.6) respectively |
| ▫ |
Operating
income* and the operating margin* from continued operations
(after the divestiture of Garphyttan
Wire)amounted to
SEK -103m (226)
and -2.6 % (4.0) respectively |
| ▫ |
Cash flow
amounted to SEK
690 m, which
reduced net debt
to SEK 1,675 m |
| ▫ |
The Board for Haldex has
decided to make
a rights issue
of approximately
SEK 500 m,
subject to approval by an Extraordinary General Meeting on
November 24. The primary objectives of the rights issue is
to strengthen the company’s long-term financing structure
and create increased financial flexibility |
| ▫ |
The
cost-reduction program continues to generate savings. Annual
saving is currently approximately SEK 700 m |
| ▫ |
The divestment
of Garphyttan Wire
was completed on
June 1, 2009.
The sales price
amounted to SEK
827 million on a
debt free basis,
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) |
| ▫ |
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
|