EQS-News

SAF-HOLLAND SE with record year and significantly increased dividend proposal

EQS-News: SAF-HOLLAND SE / Key word(s): Annual Report/Forecast SAF-HOLLAND SE with record year and significantly increased dividend proposal 14.03.2024 / 06:59 CET/CEST The issuer is solely responsible for the content of this announcement. SAF-HOLLAND SE with record year and significantly increased dividend proposal

 

• Group sales increase by +34.6% to a new record level of EUR 2,106.2 million (previous year: EUR 1,565.1 million)
• Adjusted EBIT margin significantly increased to 9.6% (previous year: 8.0%)
• Net profit for the period of EUR 80.5 million grows by 31.5% (previous year: EUR 61.2 million)
• Significant reduction in leverage to 1.8x, driven in part by strong free operating cash flow of EUR 142.7 million (previous year: EUR 120.0 million)
• Dividend of EUR 0.85 per share proposed (previous year: EUR 0.60)

 

Bessenbach (Germany), March 14, 2024. The SAF-HOLLAND SE ("SAF-HOLLAND"), one of the world’s leading suppliers of trailer and truck components, today published its annual report for the 2023 fiscal year. 

 

In 2023, SAF-HOLLAND was able to increase Group sales by 34.6% to a new record of EUR 2,106.2 million (previous year: EUR 1,565.1 million). The strong growth was largely due to the inclusion of Haldex AB in the scope of consolidation from February 21, 2023, which contributed EUR 399.4 million to Group sales in this period. Even organically - excluding the influence of exchange rate and acquisition effects - Group sales grew significantly by 11.4%, supported by high customer demand for trailer and truck components in all regions of the Group, particularly in the Americas and APAC.

 

Based on the strong growth of the original equipment business in previous periods, the aftermarket business grew organically in the mid-single-digit percentage range. Overall, the aftermarket business generated sales of EUR 658.1 million (previous year: EUR 421.1 million), which corresponds to a share of 31.2% (previous year: 26.9%) of Group sales. Hence, the target communicated during the Haldex takeover of expanding the share of the aftermarket business to over 30% was achieved in the reporting year.