Haldex AB’s Capital Markets Day

Haldex AB is holding a capital markets day in Stockholm, Sweden, today between 9.00 a.m. and 2.30 p.m. CET. The program and presentations will be available in pdf format from the Haldex website at www.haldex.com > Investor.

The management team at Haldex will provide a review of developments in 2013 and a commercial update. Bo Annvik, the CEO and President will also present a new strategic direction to improve the financial performance. The strategy is based of a number of cornerstones, which are;

• Increase focus on the aftermarket segment as a key business segment and use the OEM business as the “volume engine” for the aftermarket to build a large installed base of products which needs replacement/service within different time periods
• Deploy business model globally; however, align to the relevant local conditions
• Foundation Brake to be the core Product line
• Focus on Air Controls products in selective niches
• Strong focus on growth in Emerging Markets

“Our financial performance is improving continuously, which means that I believe it is highly feasible to reach the financial target of an operating margin of 7 per cent over a business cycle. The restructuring program that was announced yesterday, together with other company-wide measures, e.g. a more focused product portfolio, a new sourcing structure, and a clearer focus on operational efficiency, gives us the prerequisites to create a stable platform of sustainable, profitable growth”, said Bo Annvik, President and CEO of Haldex.

Haldex financial objectives remain unchanged.

Link to the presentations (pdf-file):
http://www.haldex.com/en/GLOBAL/Investors/Report-archive/Presentations/