First nine months of 2007 • Sales amounted to SEK 5,985 m (5,993). Adjusted for currency exchange rates, sales rose 4%. Order intake totaled SEK 6,077 m (6,022). The increase was 5% after adjustments for currency exchange rates. • Earnings after tax totaled SEK 134 m (179). Earnings per share amounted to SEK 5.97 (8.08). • Operating income totaled SEK 252 m (300). The operating margin was 4.2% (5.0). The decline in earnings was mainly attributable to the CVS Division, where operating income declined by SEK 41 m. The Friction Products business unit accounted for most of this deviation. • A review of the production structure within Friction Products is currently under way. The structural changes are expected to result in future costs of SEK 40–50 m, with a repayment period of one year. • The sales decline in North America was largely offset by strong demand in Europe and deliveries of new products. In North America, the number of trucks produced declined by 41% and the number of trailers by 20%. • In the third quarter production approval was obtained from Scania for the new Haldex disc brakes for heavy trucks. • The return on capital employed (rolling 12 months) was 9.6% (11.3). Q3 2007 • Sales totaled SEK 1,895 m (1,870). • In the North American market, the decline for trucks continued in the third quarter and resulted in a weaker-than-expected trend for trailers and the aftermarket. • Earnings before tax amounted to SEK 42 m (62). • Operating income totaled SEK 65 m (79). Earnings for the preceding year were charged with SEK 15 m in restructuring costs. Events after the close of the reporting period • On October 2, Haldex issued a press release announcing a revised earnings forecast for 2007. The entire press release is available on the Haldex website.
For additional information, please contact President and Group CEO Joakim Olsson, CFO Stefan Johansson or CIO Lena Olofsdotter, tel. 08-545 049 50.