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Haldex AB

HLDX.ST

Latest Trade

51.70SEK

Change

1.20(+2.38%)

Volume

670,150

Today's Range

50.20

 - 

52.40

52 Week Range

46.20

 - 

73.40

As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Haldex Q3 Operating Income Down At SEK 68 Mln

Oct 24 (Reuters) - Haldex AB <HLDX.ST>::HALDEX INTERIM REPORT, JANUARY - SEPTEMBER 2019.Q3 NET SALES SEK 1,283 MILLION.Q3 OPERATING INCOME SEK 68 MILLION.Q3 OPERATING INCOME, EXCLUDING. ONE-OFF ITEMS SEK 85 MILLION.OUR OUTLOOK FOR 2019 HAS NOT CHANGED.WE MAKE THE ASSESSMENT THAT SALES WILL INCREASE IN NORTH AMERICA, WHICH WILL BE OFFSET BY UNCHANGED OR LOWER SALES IN OTHER REGIONS..AS A WHOLE, SALES IN 2019 ARE EXPECTED TO BE IN LINE WITH 2018..THE LONG-TERM TARGET OF AN OPERATING MARGIN OF 10 PER CENT, EXCLUDING INVESTMENTS IN NEW TECHNOLOGY, BY 2022 IS STILL IN PLACE.Q3 NET SALES SEK 1,283 MILLION VERSUS SEK 1,270 MILLION YEAR AGO.Q3 OPERATING INCOME SEK 68 MILLION VERSUS SEK 79 MILLION YEAR AGO.HALDEX MAKES THE ASSESSMENT THAT THE OPERATING MARGIN IN 2019, INCLUDING INCREASED INVESTMENTS IN NEW TECHNOLOGY, WILL BE IN LINE WITH OR HIGHER THAN THE OPERATING MARGIN EXCLUDING ONE-OFF ITEMS IN 2018..Q3 OPERATING INCOME EX-ITEMS SEK 85 MILLION VERSUS SEK 79 MILLION YEAR AGO.THROUGH 2022, THE TARGET IS TO ACHIEVE AN OPERATING MARGIN OF 10 PERCENT, EXCLUDING INVESTMENTS IN NEW TECHNOLOGY..HALDEX’S UPDATED ASSESSMENT IS THAT THE OPERATING MARGIN EXCLUDING ONE-OFF ITEMS WILL BE SOMEWHAT LOWER THAN THE PREVIOUS YEAR..

Haldex To Streamline Production In Europe

Oct 22 (Reuters) - Haldex AB <HLDX.ST>::HALDEX SET TO STREAMLINE PRODUCTION IN EUROPE.IN TOTAL, 100 PEOPLE ARE AFFECTED BY SHUTDOWN.NEGOTIATIONS WITH TRADE UNION ASSOCIATION WAS INITIATED TODAY AND ARE EXPECTED TO BE COMPLETED IN 2019.17 EMPLOYEES WILL REMAIN AT HALDEX SINCE THEY POSSESS REGIONAL AND GLOBAL POSITIONS LOCATED IN GERMANY.COSTS OF MOVE ARE DIFFICULT TO PREDICT AS LEVELS OF COMPENSATION ARE PART OF NEGOTIATIONS THAT HAVE JUST BEEN INITIATE.COSTS WILL AFFECT FINANCIAL RESULT AS A NON-RECURRING COST, MOST PROBABLY IN Q4 OF 2019.MOVE IS EXPECTED TO BE COMPLETED DURING FIRST HALF OF 2020.

Haldex Continues Concept Development Agreement With Manufacturer Of Commercial Vehicles

Oct 21 (Reuters) - Haldex AB <HLDX.ST>::CONCEPT DEVELOPMENT AGREEMENT EXTENDED WITH LEADING MANUFACTURER OF COMMERCIAL VEHICLES TO INCLUDE NEW TECHNOLOGY.CONTINUING A CONCEPT DEVELOPMENT AGREEMENT WITH ONE OF LARGEST HEAVY-DUTY TRUCK PRODUCERS IN WORLD.WILL BE A KEY PARTNER IN SELECTED JOINT PROJECTS.

Haldex says Will Continue To Streamline Production Of Brake Adjusters

Oct 8 (Reuters) - Haldex AB <HLDX.ST>::HALDEX STREAMLINES THE MANUFACTURING OF BRAKE ADJUSTERS.HALDEX WILL CONTINUE TO STREAMLINE PRODUCTION OF BRAKE ADJUSTERS BY MOVING PRODUCTION FROM UNITED STATES TO MEXICO.DURING Q4 OF 2019, EARNINGS WILL BE IMPACTED WITH SEK 27 MILLION AS ONE-OFF COSTS RELATED TO CHANGE IN PRODUCTION.A TOTAL OF 154 EMPLOYEES ARE AFFECTED, OF WHICH A FEW WILL BE OFFERED NEW POSITIONS WITHIN HALDEX'S US OPERATIONS.

ZF Friedrichshafen To Place 20% Stake In Haldex

Sept 19 (Reuters) - Zf Friedrichshafen Ag <ZFF.UL>::SAYS TO PLACE C. 8.9 MILLION SHARES IN HALDEX AB, REPRESENTING APPROXIMATELY 20% OF OUTSTANDING SHARE CAPITAL.TO PLACE HALDEX SHARES WITH INSTITUTIONAL INVESTORS IN AN ACCELERATED BOOKBUILDING PROCESS.SAYS HAS NO LONGER A STRATEGIC INTEREST IN A STAKE IN HALDEX.

Haldex's Major Owner ZF To Sell Its 20% Stake In Co

Sept 12 (Reuters) - Haldex AB <HLDX.ST>::HALDEX'S CUSTOMERS WELCOME MESSAGE FROM BIG OWNER ZF.AS OF NOW, BOARD DOES NOT WANT TO NAME A POSSIBLE BUYER BUT IS CONTENT TO NOTE THAT OWNERS WITH LINKS TO INDUSTRY ARE PREFERRED OVER AN INSTITUTIONAL INVESTOR.HALDEX - SALE OF SHARES BY ZF "IS A MESSAGE THAT BOTH OUR CUSTOMERS AND WE HAVE BEEN WAITING FOR SINCE ZF MADE A BID FOR OUR COMPETITOR WABCO EARLIER THIS YEAR".NEWS THAT HALDEX'S MAJOR OWNER ZF IS NOW READY TO SELL ITS STAKE OF 20 PERCENT OF SHARES IN HALDEX.

ZF Friedrichshafen Considering Options To Divest Stake In Haldex

Sept 12 (Reuters) - ZF Friedrichshafen [RIC:RIC:ZFF.UL]::CONSIDERING OPTIONS TO DIVEST ITS STAKE IN HALDEX AB (“HALDEX”) SUBJECT TO MARKET CONDITIONS.CURRENT STAKE REPRESENTING APPROXIMATELY 20% OF HALDEX’S OUTSTANDING SHARE CAPITAL.

Haldex: ZF Friedrichshafen To Divest Its Shares In Co

Sept 12 (Reuters) - Haldex AB <HLDX.ST>::ZF INTENDS TO DIVEST ITS SHARES IN HALDEX.NOTES THAT ITS LARGEST SHAREHOLDER, ZF FRIEDRICHSHAFEN AG, ANNOUNCED THAT IT INTENDS TO DIVEST ITS SHAREHOLDING IN CO, REPORTEDLY CONSISTING OF 8.9 MILLION SHARES.

Haldex Q2 Operating Income Excluding Items Down At SEK 91 Million

July 18 (Reuters) - Haldex Ab <HLDX.ST>::HALDEX INTERIM REPORT, JANUARY - JUNE 2019: STABLE QUARTER ON A WEAK MARKET.NET SALES FOR Q2 TOTALLED SEK 1,389 (1,372) M.OPERATING INCOME EXCLUDING ONE-OFF ITEMS AMOUNTED TO SEK 91 (102) M FOR Q2.INCOME AFTER TAX TOTALLED SEK 49 (61) M FOR Q2.IN Q2 NORTH AMERICAN MARKET CONTINUED TO SHOW STRONG GROWTH, EVEN IF THERE ARE INCREASINGLY EVIDENT SIGNS OF A SLOW-DOWN - CEO.LONG WINTER HAD A NEGATIVE IMPACT ON AFTERMARKET IN Q1, BUT WE RECOVERED IN Q2 WHAT WE HAD LOST - CEO.EUROPE SHOWED SIGNS OF A SLOW-DOWN AT BEGINNING OF YEAR, AND DOWNTURN IN TRAILER WAS EVIDENT IN Q2 - CEO.MARKET IN EUROPE IS EXPECTED TO DECREASE SLIGHTLY COMPARED TO 2018. CHINA HAS A WEAKER MARKET IN 2019.OUR OUTLOOK FOR 2019 HAS NOT CHANGED.HALDEX CAN PARTLY WITHSTAND A DOWNTURN GIVEN THAT AUTOMATIC BRAKE ADJUSTERS ARE CURRENTLY REQUIRED BY LAW ON HEAVY VEHICLES.WE MAKE ASSESSMENT THAT SALES WILL INCREASE IN NORTH AMERICA, WHICH WILL BE OFFSET BY UNCHANGED OR LOWER SALES IN OTHER REGIONS.AS A WHOLE, SALES IN 2019 ARE EXPECTED TO BE IN LINE WITH 2018.MAKES ASSESSMENT THAT OPERATING MARGIN IN 2019, INCLUDING INCREASED INVESTMENTS IN NEW TECHNOLOGY, WILL BE IN LINE WITH OR HIGHER THAN OPERATING MARGIN EXCLUDING ONE-OFF ITEMS IN 2018.

Haldex Appoints Helene Svahn New CEO

June 3 (Reuters) - Haldex Ab <HLDX.ST>::CHANGE IN LEADERSHIP OF HALDEX - HELENE SVAHN, BOARD MEMBER AND PROFESSOR FROM KTH ROYAL INSTITUTE OF TECHNOLOGY NEW CEO.CHANGE OF CEO FOR HALDEX.HELENE SVAHN, WILL ASSUME ROLE AS CEO OF HALDEX AFTER ÅKE BENGTSSON.SAYS AS COMPANY IS NOW ACCELERATING, BOTH IN REGARDS TO NEW TECHNOLOGY AND CURRENT CORE BUSINESS, THERE IS A NEED FOR A NEW KIND OF LEADERSHIP.HELENE SVAHN WILL COMMENCE IMMEDIATELY, BUT ENTER POSITION FULLY ON 12TH OF AUGUST.IN INTERIM PERIOD, DEPUTY CEO, STAFFAN OLSSON, WILL RUN DAILY OPERATIONS..

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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