Comment from Helene Svahn, President & CEO:
The first quarter continued to be affected by the
ongoing COVID-19 pandemic However, continuing recovery was recorded in most of our segments and markets. Haldex reported stable sales, and our cost savings programs have delivered according to plan, contributing to a sharp increase in the operating margin in line with our long-term target. Haldex significantly strengthens its presence in China by a strategic partnership in April with market leading FAST Group regarding Air Disc Brakes.
CONTINUED RECOVERY IN THE FIRST QUARTER
Net sales are back to pre-pandemic levels and totaled SEK 1,080m (1,180) in the first quarter, equivalent to an organic growth of 1 percent compared to the same period previous year. The 13 percent depreciation of the US dollar had a negative impact, as North America accounts for about 40 percent of Haldex s sales.
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Haldex Annual and Sustainability Report 2020
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LANDSKRONA, Sweden, April 3, 2021 /PRNewswire/ Haldex AB (publ) published the Annual and Sustainability Report 2020 on March 26, 2021. The English translation has now been finalized and uploaded on Haldex Group web site: https://www.haldex.com/en/corporate/investors/financial-reports/.
Printed copies can be ordered by calling the switchboard on telephone +46 418 47 60 00 or send an email to [email protected]. The printed edition will be available for distribution by April 23, 2021.
For further information, please contact:
Helene Svahn, CEO
Phone: +46 418 47 60 00, E-mail: [email protected]
This information is information that Haldex AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 13:00 am CEST on April 2, 2021.
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