Source: Haldex announcement

LANDSKRONA, Sweden — Yesterday, Haldex launched a new vision – Driving Innovation for a Safer and Greener World – and a renewed strategy for 2025.

“With the new vision, we show that Haldex is driving innovation within braking systems, actively moving ahead of the industry. Our solutions are safer in terms of braking stability, and greener in terms of energy efficiency. Through strategic partnerships, we challenge existing technology, while remaining an independent partner in the value chain,” said Jean-Luc Desire, President and CEO.

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In connection with the strategic review, the Board of Directors of Haldex has decided to update the financial growth target to organically grow faster than the company’s end markets. The previous growth target was to organically grow in line with or faster than the company’s end markets.

The remaining financial targets remain unchanged from those updated earlier this year, namely:

•           Profitability target: Achieve a sustainable operating margin above 10 percent.

•           Capital structure: A net debt/equity ratio of less than 1.5 (incl. IFRS 16).

•           Dividend policy: The dividend shall correspond to 1/3 of the annual net profit taking into account the company’s long-term investment needs and financial position.

Haldex presented the strategy for 2025 and how the goals will be achieved at the Capital Markets Day held yesterday in Stockholm. The purpose of the Capital Markets Day was to outline Haldex’s long term strategy and to provide an overview of the financial position and sustainability initiatives. Presentations will be held by Desire, Lottie Saks, CFO, and Nicola Gregory, EVP Operations.