July 18, 2017 |
Haldex interim report, January - June 2017: A quarter with slightly weaker growth than the market
During Q2, the market continued to be positive and Haldex experienced strong growth in Europe. However, growth in North America was slightly weaker, and as a whole Haldex’ growth is somewhat weaker than in the market. The sale of actuators, which was previously the primary cause behind the fall in sales, stabilized, and only a slight reduction was noted in Q2. A number of product areas experienced positive development, and the disc brake continued to show the most growth. Operating profit dropped slightly, largely due to lower sales in North America, where the operating margin is higher than in the other Haldex regions. The quarter continued to be burdened by the bidding process, which draws focus and resources away from the core operations.