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July 26, 2004 | Press release
Haldex 1st half 2004

Haldex 1st half 2004 2nd quarter · Earnings after tax were 44 MSEK (27) and earnings per share SEK 1:99 (1:23). · Earnings before tax were 65 MSEK (39). Operating earnings were 78 MSEK (53). · Order intake was 1,876 MSEK (1,431) and net sales 1,753 MSEK (1,542). 1st half year · Earnings after tax were 88 MSEK (6) and earnings per share SEK 3:99 (0:27). · Earnings before tax, excluding restructuring charges, were 132 MSEK (93), an increase of 41 %. Currency rate changes affected negatively with 13 MSEK. Including restructuring charges, earnings before tax were 132 MSEK (36). · Operating earnings, excluding restructuring charges, were 163 MSEK (119), an increase of 37 %. Currency rate changes affected negatively with 15 MSEK. Operating margin was 4.8 % (4.0). Including restructuring charges, operating earnings were 163 MSEK (62) and operating margin 4.8 % (2.1). · Order intake was 3,751 MSEK (3,104), an increase of 21 %. Net sales were 3,456 MSEK (3,098), an increase of 12 %. Adjusted for currency rate changes, the increases were 27 % and 17 % respectively. · Material cost surcharges on mainly steel products have affected earnings negatively with net 16 MSEK corresponding to almost 0.5 %-age points on operating margin. The main part within Commercial Vehicle Systems and in the 2nd quarter. For further information, please contact: Claes Warnander, President & CEO, phone +46 8-545 049 50 Lennart Hammargren, CFO, phone +46 8-545 049 50 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/07/26/20040726BIT20280/wkr0001.pdf

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