Strategies for growth and profitability

Profitability has the highest priority in the Group’s strategy. In parallel, continued robust growth is an important prerequisite for success.

Growth

• Niche strategy for increased growth, through a focus on products with higher growth potential than for the vehicle market as a whole. For Haldex, this involves products that improve safety, the environment and vehicle dynamics.
• Capitalizing on a strong position in certain product and market segments, i.e. the aftermarket
  
• Increased competitiveness through product development is a central element in Haldex’s strategy. This involves both new product development and efforts to create new applications for our existing products.
  
• Strengthening positions in new markets is essential for growth. This will be achieved through goal-oriented expansion, primarily in China, but also in other countries such as India, Brazil, Russia and countries in Eastern Europe.
  
• Haldex continuously analyzes opportunities for strategic company acquisitions, while simultaneously launching other forms of cooperation. Developing new technologies and more rapidly establishing positions in new markets are key goals in Haldex’s acquisition strategy.

Profitability

• The cost structure is being improved by means of structural and efficiency-enhancing measures. An increasing share of production is being located in low-cost countries, thus reducing costs and bringing important parts of production closer to our strategic markets and customers.
  
• In order to increase profitability, Haldex strives to reduce purchasing costs, mainly by increasing the proportion of procurements from low-cost countries.
  
• Productivity is being improved through continued implementation and development of the Haldex Way management system.
  
• The organization’s efficiency is being improved through increased competencies and more distinct lines of control and responsibility.
  
• Making sure that large development projects are profitable.