DGAP-News
SAF-HOLLAND S.A.: Good growth in sales and earnings for financial year 2014
DGAP-News: SAF-HOLLAND S.A. / Key word(s): Final Results
SAF-HOLLAND S.A.: Good growth in sales and earnings for financial year
2014
12.03.2015 / 07:00
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SAF-HOLLAND: Good growth in sales and earnings for financial year 2014
* Group sales increased by 12 percent to EUR 959.7 million
* Earnings per share significantly increased
* Dividend of EUR 0.32 per share proposed
* Sales and earnings targets for 2015 confirmed
Luxembourg, March 12, 2015 - SAF-HOLLAND made good progress in both sales
and earnings in financial year 2014. In total, the globally-active
commercial vehicle industry supplier increased Group sales by 12 percent to
EUR 959.7 million (previous year: EUR 857.0 million) and thus surpassed the
defined target corridor of EUR 920 to EUR 945 million. Adjusted EBIT
increased by 19.2 percent to EUR 70.7 million (previous year: EUR 59.3
million) and achieved with an adjusted EBIT margin of 7.4 percent (previous
year: 6.9 percent) the target set for 2014. Earnings per share increased
significantly to EUR 0.72 (previous year: EUR 0.54) while average number of
shares remained the same at 45.4 million.
Share of sales increased outside core markets in particular
All sales regions and Business Units contributed to the positive business
development. Not least as a result of forward-looking capacity planning,
SAF-HOLLAND was able to benefit extensively from the continued recovery in
the European market and from strong demand in North America. Europe again
strengthened its position as a primary source of sales. Here, with EUR
496.5 million (previous year: 447.9 million), the company generated a 51.7
percent share of Group sales (previous year: 52.3 percent). From the second
quarter 2014, North American quarterly sales were continually above the
comparable figures from the respective prior-year period. In total, sales
increased to EUR 363.9 million (previous year: EUR 339.1 million). 37.9
percent of Group sales thus come from this region (previous year: 39.5
percent). Detlef Borghardt, CEO of SAF-HOLLAND: "We are very pleased with
the strong market growth for both class 8 trucks and for trailers in the
important North American market as we continue to grow our sales through
our excellent market position and the quality of our innovative products
and will be able to gain further market share, especially in the trailer
sector."
In regions outside the core markets, including the BRIC countries,
SAF-HOLLAND: Good growth in sales and earnings for financial year 2014
* Group sales increased by 12 percent to EUR 959.7 million
* Earnings per share significantly increased
* Dividend of EUR 0.32 per share proposed
* Sales and earnings targets for 2015 confirmed
Luxembourg, March 12, 2015 - SAF-HOLLAND made good progress in both sales
and earnings in financial year 2014. In total, the globally-active
commercial vehicle industry supplier increased Group sales by 12 percent to
EUR 959.7 million (previous year: EUR 857.0 million) and thus surpassed the
defined target corridor of EUR 920 to EUR 945 million. Adjusted EBIT
increased by 19.2 percent to EUR 70.7 million (previous year: EUR 59.3
million) and achieved with an adjusted EBIT margin of 7.4 percent (previous
year: 6.9 percent) the target set for 2014. Earnings per share increased
significantly to EUR 0.72 (previous year: EUR 0.54) while average number of
shares remained the same at 45.4 million.
Share of sales increased outside core markets in particular
All sales regions and Business Units contributed to the positive business
development. Not least as a result of forward-looking capacity planning,
SAF-HOLLAND was able to benefit extensively from the continued recovery in
the European market and from strong demand in North America. Europe again
strengthened its position as a primary source of sales. Here, with EUR
496.5 million (previous year: 447.9 million), the company generated a 51.7
percent share of Group sales (previous year: 52.3 percent). From the second
quarter 2014, North American quarterly sales were continually above the
comparable figures from the respective prior-year period. In total, sales
increased to EUR 363.9 million (previous year: EUR 339.1 million). 37.9
percent of Group sales thus come from this region (previous year: 39.5
percent). Detlef Borghardt, CEO of SAF-HOLLAND: "We are very pleased with
the strong market growth for both class 8 trucks and for trailers in the
important North American market as we continue to grow our sales through
our excellent market position and the quality of our innovative products
and will be able to gain further market share, especially in the trailer
sector."
In regions outside the core markets, including the BRIC countries,
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