STOCKHOLM, Sweden, Feb. 19, 2004 (PRIMEZONE) -- Haldex:
4th quarter
- Turnover amounted to 1,486 MSEK (1,500), a decrease of 1 %.Currency adjusted, turnover increased by 9 %.
- Operating earnings amounted to 65 MSEK (42) and the margin was 4.6 % (3.1)
- Earnings before tax amounted to 52 MSEK (28).
Full year 2003
- Turnover amounted to 6,036 MSEK (6,414), a decline of 6 %. Currency adjusted, turnover increased by 4 %.
- Operating earnings amounted to 176 MSEK (177) and the margin was 3.1 % (2.9). Excluding one-time items, operating earnings amounted to 233 MSEK (218) and the margin was 4.0 % (3.6). Currency changes affected the result unfavorably with net 30 MSEK.
- Earnings before tax amounted to 120 MSEK (112). Excluding one-time items, earnings before tax amounted to 177 MSEK (153).
- Earnings after tax amounted to 70 MSEK (78). Profit per share were SEK 3:18 (3:51). Excluding one-time items, earnings after tax were 127 MSEK (107) and profit per share SEK 5:78 (4:82).
- Dividend proposal is SEK 1:75 (1:50).
The Haldex group (www.haldex.com), headquartered in Stockholm, Sweden, is a provider of proprietary and innovative solutions to the global vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Stockholm Stock Exchange and has annual sales over 6 billion SEK with 4,000 employees.
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