EQS-News

SAF-HOLLAND SE with record year and significantly increased dividend proposal - Seite 2

 

The distribution of Group sales by region has shifted in favor of the Americas region because of the Haldex takeover. Sales there increased by 50.8% compared to the previous year to EUR 890.3 million (previous year: EUR 590.6 million), which corresponds to a share of 42.3% (previous year: 37.7 %) of Group sales. As a result, the Americas region has almost caught up with the EMEA region. EMEA, which remains the Group's largest region, grew by 16.1% and generated sales of EUR 946.3 million in the 2023 fiscal year (previous year: EUR 815.3 million). This corresponds to a share of 44.9% (previous year: 52.1 %) of Group sales. In the APAC region, sales of EUR 269.5 million (previous year: EUR 159.2 million) were generated, which corresponds to a share of Group sales of 12.8% (previous year: 10.2%) respectively growth of 69.3% compared to the same period of the previous year.

 

Adjusted EBIT margin significantly increased to 9.6%

Adjusted EBIT increased significantly by 62.2% in the 2023 fiscal year, reaching EUR 202.1 million (previous year: EUR 124.6 million). This corresponds to an adjusted EBIT margin of 9.6% (previous year: 8.0%) and is slightly above the outlook of around 9.5% for the 2023 fiscal year. In addition to the expansion of the gross margin, cost improvements, economies of scale due to higher production volumes and process optimizations contributed to the margin improvement. The achievement of synergy effects from the integration of Haldex and a higher share of the aftermarket business also supported the improvement in profitability.

 

Profit for the period benefits from good operating performance – Proposed dividend of EUR 0.85 per share

Taking into account the change in the financial result by EUR -29.1 million to EUR -42.1 million (previous year: EUR -13.0 million), which was largely influenced by the financing of the Haldex acquisition, and a Group tax rate of 33.8% (previous year: 30.8%), the Group generated a net profit for the period of EUR 80.5 million in the 2023 fiscal year (previous year: EUR 61.2 million), which corresponds to an increase of 31.5%.