There is still a high degree of uncertainty regarding both short- and long-term effects of COVID-19, but there has been substantial negative impact on both demand and operations during March. For the first quarter of 2020, Haldex expects sales and operating margins to be significantly lower than was expected in the previously communicated full-year forecast. Given the circumstances, Haldex has withdrawn the full year forecast and at this stage no updated forecast can be submitted.

In order to adjust business operations to the temporary lower demand caused by the global COVID-19 outbreak, Haldex has decided to implement a short-term layoff scheme for almost all employees in Landskrona. The short-term scheme will be effective from Monday, March 30. In total, approximately 250 employees are affected.  

Haldex has completed negotiations with the employees representation in Germany regarding the closure of production in Heidelberg and the relocation of R&D.  

Due to the outbreak of COVID-19 Haldex will temporarily close the distribution center in Weyersheim, France for a period of two weeks as from Monday March 23. The last deliveries before the temporary close down will be shipped to customers on Monday March 23. Customer service will continue to operate as well as a few administrative staff.  

The Annual General Meeting in Haldex, previously scheduled for May 6 in Landskrona, will be held on May 19, at 2 pm at Strandvägen 7A, Strandvägen 7 in Stockholm.

Haldex CFO Andreas Larsson has decided to leave Haldex and start a new position as CFO at Kährs Group in Malmö. Andreas Larsson will leave Haldex at the latest by July 30, 2020. A search process is initiated.

- Knorr-Bremse’s shareholding restricts competition in breach of EU law Haldex has filed a complaint against its largest shareholder, German brake systems’ manufacturer Knorr-Bremse, with the European Commission’s Directorate-General for Competition, as well as with the Brazilian Competition Authority (the Administrative Council for Economic Defense). Haldex’s complaint concerns Knorr-Bremse’s ongoing shareholding in Haldex and its detrimental effects on competition in several brake systems’ markets where Knorr-Bremse is in a dominant position.

Major achievements towards a stronger and more profitable Haldex

Haldex AB, a leading supplier of brake and air suspension solutions for heavy trucks, trailers and buses, invites professional investors, analysts, and business media to a Capital Markets Day at Operaterassen, Stockholm, on April 2.

Haldex has renewed their agreement with two world leading providers of transport solutions, allowing Haldex to maintain their position as sole subcontractor of Automatic Brake Adjusters (ABA).