Objectives

Organic Growth

Goal
The objective is to organically grow faster than the company’s end markets.

Outcome 2021
+ 21%

Comment Outcome 2021
A strong post pandemic recovery was seen in most of Haldex’s markets and segments during 2021, where Haldex gained market share in Europe and the Americas with strong organic OEM growth as well as successfully grew the aftermarket business.

Adjusted Operating Margin, %

Goal

The objective is to achieve a ­sustainable operating margin above 10 percent.

Outcome 2021
7.7%

Comment Outcome 2021
There was a sharp improvement in operating margin in 2021, despite the challenges in the supply chain. The steps taken towards a more flexible business model with a structural reduction in cost base have had the desired affect. Haldex is on the right path to higher margins and reaching our target as volumes pick up.

Net Debt / Equity Ratio

Goal
The objective is to achieve a net debt/equity ratio of less than 1.5 (incl. IFRS 16).

Outcome 2021
0.77

Comment Outcome 2021
Net debt has increased over the years partly driven by debt financed R&D expenses. Strong measures and a new capital strategy were put in place during 2020 to reduce net debt. There was a positive trend in net debt / equity during 2021. Haldex is taking steps to become financially self-sufficient.

Safe Haldex

Goal
Haldex works systematically to prevent accidents and incidents through training, safer workplace ­environments and attitude changing. In 2021, the target was updated to have max 2.5 work-related accidents per million hours worked.

Outcome 2021
3.2 work related accidents per million hours worked.

UN SDGs
 

Ethical Haldex

Goal
Haldex has high aspirations to run an ethically sustainable business and has zero tolerance of bribery, corruption, child labor and discrimination. The objective is that all Haldex employees should be trained in the Code of Conduct.

Outcome 2021
100% of the employees have been trained in the Code of Conduct.

UN SDGs
 

Green Haldex

Goal
Haldex actively works on reducing its environmental footprint in connection with production, transport, and deliveries. Haldex plans to be CO2 neutral for scope 1 and 2 by 2025.

Outcome 2021
9,416 tonnes

UN SDGs
     

Humane Haldex

Goal
Haldex should have high employee satisfaction, as measured by an employee net ­promoter score. Measurement started during 2021 with a weekly pulse survey with rota­ting questions. The result for 2021 is not available since not all employees have received all the employee NPS questions.

Outcome 2021
N/A

UN SDGs