Haldex: Year-end Report 2009

Regulatory News:

Haldex (STO:HLDX):

• Sales amounted to SEK 5,622 m (8,403). Adjusted for currency-exchange fluctuations, sales declined 39%. The final quarter of 2009 was the first quarter during which sales had exceeded the preceding quarter’s level since the economic downturn started in mid-2008.

• Earnings after tax amounted to SEK 75 m (loss: 43). Earnings per share amounted to SEK 2:40 (-1:25).

• Operating income and operating margin amounted to SEK 155 m (92) and 2.8% (1.1), respectively.

• The Group reported an adjusted* operating loss of SEK 79 m (income: 181) and an adjusted*operating margin* of minus 1.5% (plus 2.5).

• Cash flow amounted to SEK 847 m (857), which combined with the new issue reduced net indebtedness to SEK 985 m (2,323).

• The cost-reduction program, which generated savings of SEK 700 m, continued and included the planned combination of two plants in the US.

• The new share issue implemented during the fourth quarter was subscribed for in full and contributed SEK 504 m to Haldex before deductions for issue expenses.

• The divestment of Garphyttan Wire was completed on June 1, 2009. The selling price was SEK 827 m on a debt-free basis. The transaction gave rise to a capital gain of SEK 411 m.

• Haldex secured its largest ever individual order, worth SEK 4.5 billion, from VW. The order pertains to AWD systems for VW’s new modular platform (disclosed in April).

• Haldex’s strategic focus on satisfying and exceeding society’s ever stricter environmental requirements has been successful. A number of major contracts were secured for Haldex products and technologies for the next generation of diesel engines that satisfy more stringent environmental requirements.

* Continuing operations, excluding restructuring costs, nonrecurring items and amortization of acquisition-related surplus value.

Haldex (www.haldex.com), headquartered in Stockholm, Sweden, is a provider of proprietary and innovative solutions to the global vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Nasdaq OMX Stockholm Stock Exchange and had net sales of nearly 5.6 billion SEK in 2009. The number of employees amounts to about 4,300.

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