Edition:
United States

Haldex AB (HLDX.ST)

HLDX.ST on Stockholm Stock Exchange

69.80SEK
14 Nov 2018
Change (% chg)

-- (--)
Prev Close
69.80kr
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
41,077
52-wk High
98.00kr
52-wk Low
68.50kr

Latest Key Developments (Source: Significant Developments)

Haldex Q3 operating profit rises sharply, keeps 2018 outlook
Thursday, 25 Oct 2018 01:20am EDT 

Oct 25 (Reuters) - Haldex AB ::HALDEX INTERIM REPORT, JANUARY - SEPTEMBER 2018: CONTINUED IMPROVEMENT IN NET SALES AND EARNINGS.Q3 NET SALES, SEK M 1,270 (1,081).Q3 OPERATING INCOME, SEK M 79 (48).SAYS OUTLOOK FOR 2018 HAS NOT CHANGED.SAYS WE BELIEVE THAT NET SALES FOR 2018 WILL INCREASE COMPARED TO 2017.SAYS COSTS FOR A HIGHER RATE OF INVESTMENT IN DEVELOPMENT PROJECTS AND COSTS FOR EXPANSION IN NORTH AMERICA AND CHINA WILL BURDEN INCOME.SAYS IN Q4, INCREASE IN MATERIAL COST AND TARIFFS WILL HAVE A GREATER IMPACT THAN IN Q3.SAYS ASSESSMENT IS THAT OPERATING MARGIN IN 2018 WILL BE IN LINE WITH OR POSSIBLY SLIGHTLY HIGHER THAN OPERATING MARGIN IN 2017 EXCLUDING ONE-OFF ITEMS.SAYS ACTIVITIES WERE INITIATED IN Q1 TO OPTIMISE WORKING CAPITAL AND THUS CASH FLOW, WHICH HAD AN EFFECT IN Q2 AND Q3.SAYS THESE ACTIVITIES ARE CONTINUING, AND WORKING CAPITAL IS STILL NOT AT A SATISFACTORY LEVEL.  Full Article

Haldex Q2 operating profit rises, ups profitability forecast for 2018
Wednesday, 18 Jul 2018 01:20am EDT 

July 18 (Reuters) - Haldex AB ::Q2 NET SALES, SEK M 1,372 (1,184).Q2 OPERATING INCOME, SEK M 103 (31).Q2 OPERATING INCOME, EXCLUDING. ONE-OFF ITEMS, SEK M 103 (78).SAYS WE ARE SEEING POSSIBILITIES FOR ACHIEVING HIGHER PROFITABILITY THAN WHAT WAS PREVIOUSLY COMMUNICATED.SAYS WE BELIEVE THAT NET SALES FOR 2018 WILL INCREASE COMPARED TO 2017.SAYS GREATER INVESTMENT IN DEVELOPMENT PROJECTS AND COSTS FOR EXPANSION IN NORTH AMERICA AND CHINA WILL BURDEN INCOME.SAYS NEW ASSESSMENT IS THAT OPERATING MARGIN IN 2018 WILL BE IN LINE WITH OR POSSIBLY SLIGHTLY HIGHER THAN OPERATING MARGIN IN 2017 EXCLUDING ONE-OFF ITEMS.  Full Article

Haldex Q3 core profit drops as takeover costs linger
Wednesday, 25 Oct 2017 01:20am EDT 

Oct 25 (Reuters) - Haldex AB :Q3 ‍net sales, SEK 1,081​ mln (1,076).Haldex AB Q3 ‍operating income, excluding one-off items, SEK 68 mln (80)​.Says ‍after currency adjustments, net sales increased by 3%​.Says ‍assessment of 2017 is that it will be a year during which production volumes could exceed last year's levels​.Says ‍but with unexpected and rapid change in demand we are still in a situation where we cannot fully benefit from situation​.Says ‍our earnings forecast for 2017 has not changed​.Says ‍our ambition is to continue to ensure good profitability, but due to higher costs from takeover process, operating margin for 2017 is forecast to be slightly lower than in 2016.​.Says ‍convinced that, as we approach 2018, Haldex will be able to benefit from improved market conditions and current strategic partnerships will result in an even stronger position in market​.Says ‍upswing in demand during Q3, while positive, also resulted in higher costs​.Says ‍for example, we added more shifts in some factories and deliveries had to be rescheduled at a higher cost​.Says ‍quarter continued to be burdened by takeover process, which has diverted focus and resources​.  Full Article

German autos supplier ZF teams up on electric van with start-up

FRIEDRICHSHAFEN, Germany German autos supplier ZF Friedrichshafen [ZFF.UL] plans to produce an electric vehicle with the e.Go Mobile start-up that helped develop Deutsche Post DHL's Streetscooter.