• Sales totaled SEK 2,131 m (2,060). Adjusted for currency exchange rates, sales rose 7%. Order intake totaled SEK 2,242 m (2,170). After adjustments for currency exchange rates, the increase was 9%. • Earnings after tax amounted to SEK 63 m (47). Earnings per share amounted to SEK 2.85 (2.12). • Operating income and the operating margin improved to SEK 112 m (87) and 5.3% (4.2), respectively. • In Garphyttan Wire the operating margin improved significantly to 9.1% (3.6). • Within CVS, the market in Europe remained strong, with an increase in sales of 10% after adjustments for currency exchange rates, while sales in North America declined by 12%. Operating income was stable in Europe, and remained weak in North America. • Haldex reached an agreement to acquire Concentric Plc, a world-leading supplier of oil, water and fuel pumps for midsize and large diesel engines for trucks and construction machinery. • The return on capital employed (rolling 12 months) was 8.6% (10.0). The return for the first quarter was 12.4% (10.1). • The Group’s assessment is that both sales and Operating Income will be significantly higher in 2008 than in 2007 as a consequence of the acquisition of Concentric and the expected improvements as earlier announced. The outlook for 2008, excluding the acquisition of Concentric is unchanged compared to the outlook communicated in the Year End Report.
For further information, please contact Joakim Olsson, President and CEO, Stefan Johansson, CFO, or Lena Olofsdotter, SVP Corporate Communications, at Tel. +46-8-545 049 50.