SAF-HOLLAND Kicks Off 2024 with Robust 9.6% EBIT Margin Boost, Confirms Full-Year Outlook

• SAF-HOLLAND SE has had a strong start to fiscal year 2024, with an adjusted EBIT margin of 9.6% in the first quarter.
• Group sales increased by 5.2% to EUR 505.4 million, compared to EUR 480.4 million in the previous year.
• The result for the period grew by 35.8% to EUR 26.5 million, up from EUR 19.5 million in the previous year.
• The leverage ratio of 1.9 remains below the target figure of 2.0.
• The outlook for fiscal year 2024 has been confirmed.
• The company plans to invest up to 3% of Group sales in the 2024 fiscal year.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at SAF-HOLLAND is on 08.05.2024.

The price of SAF-HOLLAND at the time of the news was 18,450EUR and was down -0,05 % compared with the previous day.
13 minutes after the article was published, the price was 18,700EUR this corresponds to a plus of +1,36 % since publication.
At this time, the index SDAX was at 14.758,46PKT (+1,52 %).

SAF-HOLLAND

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+29,86 %

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+41,28 %

-5,03 %

ISIN:DE000SAFH001WKN:SAFH00

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