|Bid||47.80 x 0|
|Ask||47.85 x 0|
|Day's Range||47.05 - 47.90|
|52 Week Range||46.20 - 73.40|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||16.56|
|Earnings Date||Feb 13, 2020|
|Forward Dividend & Yield||1.15 (2.41%)|
|1y Target Est||87.50|
STOCKHOLM, Oct. 24, 2019 /PRNewswire/ -- The currency-adjusted net sales for Q3 decreased by 4 per cent compared to the same period the previous year. In North America, Haldex increased its net sales by 2 per cent during the quarter despite signs that the market is weakening. Net sales also decreased in China primarily due to lower sales of brake adjusters compared to an unusually strong comparison quarter.
Brembo's distinctive coloured brakes stop many of the world's fastest cars but when it comes to the electric vehicles of the future it faces a problem - traditional brakes are noisy. Brembo is developing lighter, electrical brake-by-wire mechanisms used in electric cars to replace traditional hydraulic brakes and faces a threat to its business from so-called regenerative braking systems that capture energy lost when cars slow down and pump it back into the battery. "Electric engines make no noise, so the braking system could eventually be annoying for the passengers," said Brembo's Executive Deputy Chairman Matteo Tiraboschi.
STOCKHOLM, Oct. 22, 2019 /PRNewswire/ -- Haldex will streamline their production in Europe through concentrating the production of EBS and air suspension products to Hungary. This entails that the factory in Heidelberg, Germany will be shut down. Haldex's European region has not managed to increase profitability to a level that meets the expectations.
STOCKHOLM, Oct. 21, 2019 /PRNewswire/ -- Haldex is continuing a concept development agreement with one of the largest heavy-duty truck producers in the world. The technology could be used in current brake and suspension technology as well as future areas like autonomous driving. Haldex will be a key partner in selected joint projects.
STOCKHOLM, Oct. 8, 2019 /PRNewswire/ -- Haldex will continue to streamline the production of brake adjusters by moving the production from the United States to Mexico. The process began in 2018 when machining of brake adjusters in the US was moved to India. In a final step, the assembly is now being moved from the plant in Blue Springs (Missouri), USA to Mexico.
If I could wish for another, it would be that Knorr-Bremse should now be inspired by the message and begin the process of selling its stake as well." In this way, a very content Jörgen Durban, Chairman of the Board of Haldex, summarizes ZF's message that the company has sold its holding and thereby now leaves Haldex on Friday morning. It was after the stock exchange´s closing on Thursday that ZF announced that the company was initiating the process of divesting its holding in Haldex. Although the company already announced on September 12 that a sale was to be expected, Haldex is pleasantly surprised that the process went so fast.
STOCKHOLM, Sept. 12, 2019 /PRNewswire/ -- The news that Haldex´s major owner ZF is now ready to sell its stake of 20 percent of the shares in Haldex had barely been communicated before the congratulations from the Haldex´s customers began to flow. "This 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," says Jörgen Durban, chairman of the board. Ever since the Haldex bidding process in 2016-2017, the company has had a challenging ownership structure where the two largest owners, ZF with 20% and Knorr-Bremse with 10-15%, have their own interests in the automotive supplier industry.
STOCKHOLM , Sept. 12, 2019 /PRNewswire/ -- Haldex notes that its largest shareholder, ZF Friedrichshafen AG, this morning announced that it intends to divest its shareholding in Haldex, reportedly consisting ...
STOCKHOLM, Sept. 10, 2019 /PRNewswire/ -- Haldex has filed a police report due to suspected corporate espionage and data breaches. This is after the company discovered that a former employee copied large amounts of digital information, mainly of financial nature, from the company's servers. "The potential information value in each separate of the copied files is limited.
STOCKHOLM, Sept. 9, 2019 /PRNewswire/ -- Haldex has successfully finished the joint development of the ModulT disc brake with Daimler, the world's largest truck manufacturer, and is now starting serial production for the Mercedes-Benz Unimog. Haldex has, as part of the project, customized ModulT to one of the customer's demanding special trucks application. All ModulT brakes utilize Haldex's special single-tappet mechanism, which offers two key benefits.
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Net sales increased slightly in the quarter, while the currency-adjusted net sales decreased. Sales in North America continue to be high, which did not have a full impact on profitability due to high raw material prices and tariffs. Demand in Europe has slowed, primarily in the Trailer customer category, which also affected the sales of disc brakes.
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STOCKHOLM, June 3, 2019 /PRNewswire/ -- The board has decided on a change of CEO for Haldex. Helene Svahn, board member of Haldex, professor at KTH Royal Institute of Technology in Sweden and currently Head of Research and Innovation at Permobil will assume the role as CEO of Haldex after Åke Bengtsson, who has been CEO since the 2017 bidding process with Knorr-Bremse. "The board would like to extend their appreciation to Åke for the work he has done, in particular with the tough task of steering the company through the turbulent bidding process of 2017", says chairman of the board Jörgen Durban.
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STOCKHOLM, May 9, 2019 /PRNewswire/ -- Haldex held its annual general meeting (AGM) for 2019 on May 9 in Landskrona, Sweden. Haldex' President and CEO, Åke Bengtsson, summed up 2018 as the year when the development of new technology gained momentum. Åke Bengtsson explained how Haldex' technology can play a prominent role in such a development.
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STOCKHOLM, Sweden, May 6, 2019 /PRNewswire/ -- Kite Lake Capital Management (UK) LLP, which manages several funds that together are the third largest shareholder in Haldex, proposes the following. Considering that the two largest shareholders, ZF, through its announced acquisition of Wabco, and Knorr Bremse, are the main competitors of Haldex, Kite Lake Capital Management (UK) LLP is making the proposal without consultation with ZF and Knorr Bremse.