Haldex AB

Haldex 1st half 2004

Pressmeddelande   •   Jul 26, 2004 13:08 CEST

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