Strategy
Strategy Commercial Vehicle Systems
The Division’s strategy:
- Increasing profitability through improvements in operations and supply chain management
- Maintaining global leadership in automatic brake adjusters
- Capitalizing on opportunities from growth in emerging markets
- Fully exploiting the competitive edge provided by Haldex’s strong position in ABS, Air Suspension and Control Valves for trailers
- Increasing customer value from products by integrating additional functionality to meet future requirements concerning braking function and diagnostics
- Building on the strong position in the aftermarket
- Successfully commercializing disc brakes
Key Events during 2009
- Forceful capacity and structural adjustments, such as personnel cutbacks and structural measures, including the merger of the European distribution operation and two business units, and the discontinuation of production in the UK
- Increased market share through increased market activities in North America geared toward major truck manufacturers and their end customers
- Order worth SEK 750 m for ModulAir from a European truck manufacturer
- Continued build-up of operations in India and China
- Considerable operational improvement of business activities through Haldex Way and Six Sigma
Focus in 2010
- Further cost reductions. Secure the new lower cost base when market volumes recover
- Maintain global market leadership of automatic brake adjusters
- Capitalize on growth opportunities in emerging markets
- Further strengthen aftermarket position
- Increase customer value by incorporating additional functionality to satisfy future requirements concerning brake functions and diagnostics
- Launch of new ABS and disc-brake products
Net sales per region
| Key Figures |
2009 |
2008 |
| Net sales |
3,134 |
4,234 |
| Operating income/loss* |
-60 |
4 |
| Operating income/loss |
-112 |
-92 |
| Operating margin*,% |
-1.9 |
0 |
| Operating margin, % |
-3.6 |
-2.2 |
| Assets |
2,285 |
2,546 |
| Liabilities |
527 |
641 |
| Return on capital employed**, % |
-5.1 |
-3.9 |
| Investments |
103 |
232 |
| Depreciation |
144 |
160 |
| No. of employees** |
2,169 |
2,856 |
* Excluding restructuring costs, one-off items and amortization of acquisition-related surplus values.
** Rolling 12 months.