Haldex AB Business Report FY ended Dec. 2013
|(in million SEK)|
|FY ended Dec. 31, 2013||FY ended Dec. 31, 2012||Rate of change (%)||Factors|
|Sales by Divisions|
1) Net Sales
-In 2013, net sales decreased by 0.3% to SEK 3,920 million, but, adjusted for currency-exchange fluctuations, sales increased 3% compared with 2012.
Restructuring-In May 2013, the Company announced a global restructuring program including a transformation of the European footprint. As part of that program, the Haldex plant in Heidelberg, Germany, Haldex Brake Products GmbH, will be affected by operational changes. The planned measures include relocating production from Heidelberg to the Haldex plant in Szentlorinckata, Hungary. In addition, the R&D activities in Heidelberg will largely be transferred to the Haldex R&D centre in the UK. In total the operational changes planned will presumably affect between 100 and 110 employees. The operational changes are anticipated to go into effect by mid 2014. (From a press release on July 9, 2013)
-In May 2013, the Company has initiated a restructuring program which is expected to result in total annual savings of SEK 100 million (approximately 11.6 million euros) with full impact from 2015. The program is focusing on consolidation of key processes and functions, optimization of Sales and G&A costs, transformation of the European footprint and product rationalizations. It also includes a headcount reduction of more than 200 employees. (From a press release on May 21, 2013)
Restructuring-In 2013, the Company received the 2012 Quality Achievement Award in Europe and North America from Paccar, a world-leading manufacturer of commercial vehicles.
-In 2013, Europart, a leading company within vehicle parts, named the Company the winner of the Trade Star Award in the "European collaboration & performance" category for excellent performance.
|(in million SEK)|
|FY ended Dec. 31, 2013||FY ended Dec. 31, 2012||FY ended Dec. 31, 2011|
|Product development costs||164||145||153|