October 23, 2009  | 
Press release

HALDEX NINE-MONTH REPORT

• 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