Haldex Annual Report and Sustainability Report for 2018

STOCKHOLM, April 15, 2019 /PRNewswire/ -- Haldex's annual report presents an in depth description of the development towards connected, electrical and self-driving vehicles and what role Haldex has in that development.

Åke Bengtsson, President & CEO of Haldex comments: "There are few companies that, like Haldex, both have a stable core business with established customer relationships and market-leading products, and a new growth are that is challenging the entire market structure. Our objective is to optimize the core business and ensure that it reaches a 10-percent operating margin within three years. This is fully possible by streamlining the business within a number of areas. A profitable core business with positive cash flows makes it possible to continue to invest in the technology shift in the industry."

Haldex's new technology is gathered under the name "Scalable Brake System". It's an entirely new brake solution that is under development that distinguishes itself from other solutions in the market through:

• advanced vehicle dynamics where Haldex uses sensors and algorithms to get the truck and trailer to brake and follow the desired direction of travel in an optimal way,
• open and integratable interfaces to the vehicle manufacturer's VMM (Vehicle Motion Management) where the vehicle manufacturer keeps control of the VMM and at the same time gets access to all vehicle data,
• a system that functions with both pneumatic brake systems and electric brake systems,
• and that it provides an architecture that is modular and scalable.

Haldex's annual report and sustainability report describes both the current core business and Scalable Brake System and how Haldex creates long term value.

Haldex' annual report and sustainability report for 2018 is available in English and Swedish. A digital version can be downloaded at www.haldex.com/financialreports. A printed version is ordered by calling the switchboard at +46 418 476000 or by sending an e-mail to ir@haldex.com. The printed version is estimated to be ready for distribution by end of April.

For further information visit http://corporate.haldex.com or contact:
Catharina Paulcén, SVP Corporate Communications, catharina.paulcen@haldex.com or +46 418-476157

Haldex AB (publ) is required to publish the above information under the Swedish Financial Instruments Trading Act. The information was submitted for publication by the Haldex media contact stated in the release on April 15, 2019 at  13.00 CEST.

The interim report is essentially a translation of Swedish language original thereof. In the event of any discrepancies between this translation and the original Swedish document the latter shall be deemed correct.

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SOURCE Haldex