from SAF-HOLLAND SE (isin : DE000SAFH001)
EQS-Adhoc: SAF-HOLLAND SE achieves Group sales of EUR 1,877 million according to provisional calculations – adjusted EBIT margin target of around 10% expected to be achieved almost exactly
EQS-Ad-hoc: SAF-HOLLAND SE / Key word(s): Preliminary Results
SAF-HOLLAND SE achieves Group sales of EUR 1,877 million according to provisional calculations – adjusted EBIT margin target of around 10% expected to be achieved almost exactly
15-Jan-2025 / 17:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.
SAF-HOLLAND SE achieves Group sales of EUR 1,877 million according to provisional calculations – adjusted EBIT margin target of around 10% expected to be achieved almost exactly
Bessenbach (Germany), January 15, 2025. Based on provisional calculations, SAF-HOLLAND SE ("SAF-HOLLAND") generated Group sales of approximately EUR 1,877 million in fiscal year 2024 (previous year: EUR 2,106.2 million). Group sales are thus slightly below the sales forecast of around EUR 1,950 million published in the quarterly statement as of September 30, 2024.
The reason for this is the continued cautious demand from trailer and truck manufacturers in the EMEA and Americas regions, combined with postponed customer call-offs due to early plant vacations, which meant that the expected upturn in sales in the fourth quarter failed to materialize, both organically and acquisition-related. By contrast, the APAC region performed slightly better than in the third quarter of 2024, benefiting from the first signs of recovery in the Indian commercial vehicle market.
Preliminary results for adjusted EBIT* and adjusted EBIT margin* were not finalized at the time of this publication. Based on the continued robust aftermarket business and first projections for the full year, the Management Board of SAF-HOLLAND SE expects that the adjusted EBIT margin* for the fiscal year 2024 will reach the forecast target of around 10 % almost exactly.
For fiscal year 2025, SAF-HOLLAND currently expects a market recovery in both the EMEA and Americas regions in the second half of 2025 at the latest. Within the APAC region, the recovery in demand should continue, particularly in the Indian trailer market, which is important for SAF-HOLLAND.
SAF-HOLLAND will publish its preliminary and unaudited financial figures for the fourth quarter and fiscal year 2024 on February 19, 2025.
The key figures marked with * are so-called alternative performance measures. A definition of this can be found in the Annual Report 2023 on page 199 et seq. This is available at
https://corporate.safholland.com/sites/default/files/reports/2023/saf-holland_se_annual_report_2023_en.pdf
Contact:
Dana UngerVP Investor Relations Corporate & ESG Communication
SAF-HOLLAND SE
Hauptstraße 26
63856 Bessenbach
Phone +49 6095 301-949
ir@safholland.de
End of Inside Information
15-Jan-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | SAF-HOLLAND SE |
| Hauptstraße 26 | |
| 63856 Bessenbach | |
| Germany | |
| Phone: | +49 6095 301-949 |
| E-mail: | ir@safholland.de |
| Internet: | www.safholland.com |
| ISIN: | DE000SAFH001 |
| WKN: | SAFH00 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2068525 |
| End of Announcement | EQS News Service |
2068525 15-Jan-2025 CET/CEST