EQS-Adhoc: SAF-HOLLAND SE publishes preliminary key financial figures for the third quarter 2023 and again increases the outlook for the 2023 financial year
EQS-Ad-hoc: SAF-HOLLAND SE / Key word(s): Quarter Results/Change in Forecast Publication of Inside information according to Article 17 of Regulation (EU) No. 596/2014 (MAR) SAF-HOLLAND SE publishes preliminary key financial figures for the third quarter 2023 and again increases the outlook for the 2023 financial year Bessenbach (Germany), October 18, 2023. +++ SAF-HOLLAND SE ("SAF-HOLLAND"), today publishes preliminary key financial figures for the third quarter 2023 and again increases the outlook for the financial year 2023:
Adjusted EBIT of EUR 58.6 million (consensus: EUR 51.9 million) and adjusted EBIT margin of 10.6% (consensus: 9.6%) in the third quarter 2023 are significantly above market expectations. The reason for the better than expected operating development in the third quarter 2023 is a higher share of sales in the aftermarket business in all regions of the Group. An earlier achievement of synergies from the integration of Haldex also had a positive impact on the operating development. Based on the strong performance in the financial year to date, continued solid demand for trailer and truck components, especially in the APAC and Americas regions, and a robust order backlog, the Management Board today has decided to adjust the outlook for the financial year 2023: Group sales are now expected at around EUR 2,100 million (previously: slightly above the EUR 2,000 million mark). The adjusted EBIT margin for the financial year 2023 is now expected to be around 9.5% (previously: up to 9%). The increase of the outlook for the adjusted EBIT margin is mainly based on the adjusted EBIT margin in the third quarter of 2023, which is significantly above the company’s own expectations. SAF-HOLLAND continues to expect a capex ratio of up to 3% of Group sales in the financial year 2023. SAF-HOLLAND will publish the Q3 2023 quarterly statement on November 09, 2023 and will hold a conference call (in English only) for institutional investors and analysts on that date. * The market expectations are collected by an external service provider, regularly updated and published on SAF-HOLLAND's Investor Relations website under the menu item "Share" and "Consensus".
Contacts: Fabian Giese Interim Head of Investor Relations, Corporate ESG Communications Tel: +49 6095 301 904
Alexander Pöschl Senior Manager Investor Relations, Corporate ESG Communications Tel: +49 6095 301 117
Contact: Fabian Giese Interim Head of Investor Relations Corporate ESG Communication SAF-HOLLAND SE Hauptstraße 26 63856 Bessenbach Phone +49 6095 301-904 [email protected] End of Inside Information
18-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | SAF-HOLLAND SE |
Hauptstraße 26 | |
63856 Bessenbach | |
Germany | |
Phone: | +49 6095 301-904 |
E-mail: | [email protected] |
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: | 1751959 |
End of Announcement | EQS News Service |
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1751959 18-Oct-2023 CET/CEST
SAF Holland SE Stock
Currently there is a rather positive sentiment for SAF Holland SE with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 19 € shows a slightly positive potential of 8.7% compared to the current price of 17.48 € for SAF Holland SE.