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South America 5.7%<br />
Asia and<br />
Middle east 9.0%<br />
South America 5.6%<br />
Asia and<br />
Middle east 8.8%<br />
Net sales per region<br />
<strong>2011</strong><br />
2010<br />
Business and market overview<br />
<strong>Haldex</strong>’ brake products improve safety, the environment<br />
and vehicle dynamics for commercial trucks,<br />
trailers and buses. <strong>Haldex</strong> has a global market share<br />
of about 15%, and a significantly higher one in some<br />
product areas. operations are conducted in two<br />
business units; air Controls and Foundation Brake.<br />
air Controls<br />
air Controls develops and produces air treatment<br />
and air distribution products for truck and bus installations,<br />
such as pre-cleaners and air dryer systems.<br />
For the control of brake and air suspension systems<br />
<strong>Haldex</strong> provides systems and components to trucks,<br />
buses and trailers. particularly in the trailer segment<br />
<strong>Haldex</strong> has a strong presence globally.<br />
Foundation Brake<br />
Foundation Brake develops and produces the wheelbrake<br />
products that provide the actual braking<br />
effect, such as disc brakes, automatic brake adjusters,<br />
brake cylinders and electronic sensor systems.<br />
Foundation Brake is the global market leader for<br />
automatic brake adjusters and the north american<br />
market leader for actuator products.<br />
Key FIgureS 2006 Net sales 2007 2008 Operating Income, SeK m*<br />
SEK m<br />
net sales, MSeK 6,000 3,984 4,527 4,391<br />
5,000<br />
600<br />
europe 33.3% Investments, MSeK 122 108 184<br />
North<br />
America 52.0%<br />
europe 33.3%<br />
North<br />
America 52.3%<br />
4,000<br />
average number 3,000 of 1,485<br />
employees<br />
1,698 1,779<br />
2,000<br />
1,000<br />
0<br />
4,000<br />
3,000<br />
2,000<br />
1,000<br />
0<br />
<strong>2011</strong> 2010 2009 2008 2007<br />
Number of employees<br />
600<br />
<strong>2011</strong> 2010 2009 2008 2007<br />
SEK m<br />
300<br />
Major customers<br />
Customers include all major truck, bus and trailer<br />
builder worldwide. products are also sold to axle<br />
producers for these vehicles. the top ten customers<br />
account for about a third of the sales, with no<br />
single customer accounting for more than 10%.<br />
aftermarket sales are in conjunction with major distributor<br />
groups.<br />
Competitors<br />
the major competitors are Knorr Bremse and<br />
Wabco, with global coverage and a complete product<br />
portfolio. arvinMeritor is a competitor in certain<br />
product areas.<br />
Financial targets<br />
<strong>Haldex</strong>’ long-term target is to achieve a compound<br />
<strong>annual</strong> growth in sales of 7% and an operating margin<br />
of 7% over a business cycle with a net debt to<br />
equity not exceeding one.<br />
250<br />
200<br />
150<br />
100<br />
50<br />
0<br />
-50<br />
-100<br />
<strong>2011</strong> 2010 2009 2008 2007<br />
* excluding one off<br />
All data above refers to <strong>Haldex</strong> Continued Operations.<br />
<strong>Haldex</strong> <strong>annual</strong> report <strong>2011</strong> | 7
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