The dispute between the Munchener Brake Manufacturer Knorr-Bremse and the commercial vehicle supplier Haldex him, according to Sweden, increasingly burden the business. The uncertainty about the art property structure makes it difficult to conclude long-term customer service, divided Haldex today. An extension of the takeover process by only a few months will therefore worsen Haldex ‘growth opportunities for the coming years.
Knorr-Bremse has been trying to take Haldex for a year. The Munchner offer around 583 million euros. Haldex defends herself. At the end of June this year, the management retreated his support for the offer and referred to the low opportunity to approve the competition chat.
Uncertainty, according to Haldex, has already left traces in the balance sheet. From the market recovery in the USA Haldex has only conditionally benefit in the second quarter. Sales rose by three percent to 1.18 billion Swedish crowns (124 million euros). Prepared, however, revealed a ruckle of two percent. The operating result adjusted for special effects increased from 87 to 78 million crowns and the adjusted margin sank from 7.6 to 6.6 percent. Due to the costs caused by the planned supposition, the margin will be slightly below the previous year’s level in the full year, threw it. Under the stroke melted the profit from 62 to 10 million crowns together.