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    EQS-Adhoc  133  0 Kommentare SAF-HOLLAND SE increases outlook for adjusted EBIT margin for the 2024 fiscal year

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    • SAF-HOLLAND SE increases adjusted EBIT margin outlook for 2024 to around 10%.
    • Positive impact from product mix, cost adjustments, and synergies from Haldex acquisition.
    • Group sales and capex ratio outlook remains unchanged, Half-Year Financial Report on August 8, 2024.

    EQS-Ad-hoc: SAF-HOLLAND SE / Key word(s): Change in Forecast/Preliminary Results
    SAF-HOLLAND SE increases outlook for adjusted EBIT margin for the 2024 fiscal year

    17-Jun-2024 / 13:39 CET/CEST
    Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.


    SAF-HOLLAND SE increases outlook for adjusted EBIT margin for the 2024 fiscal year

    Bessenbach (Germany), June 17, 2024. SAF-HOLLAND SE („SAF-HOLLAND“) adjusts its outlook for 2024 fiscal year based on the business performance from January through May 2024.

    The adjusted EBIT margin* for the 2024 fiscal year is expected to be at around 10% (previously: 9.0% to 9.5%). This means that SAF-HOLLAND exceeds the current estimate of analysts‘ expectation of 9.3%.

    Looking at the current business development in the second quarter, the adjusted EBIT margin* benefited in particular from a favorable development of the product mix with a higher share of aftermarket business in connection with special sales measures. The early cost adjustments in response to the normalized market environment in the EMEA and Americas regions and the continued realization of synergies from the Haldex acquisition also had a positive impact on profitability. As a result, profitability in the second quarter is expected to be within the bandwidth of 10.5% to 11.0% (previous year: 9.1%).

    The outlook for Group sales and capex ratio published in the Forecast Report 2024 on March 14, 2024 remains unchanged.

    The publication of the 2024 Half-Year Financial Report is scheduled for August 8, 2024. A conference call (in English only) will be held for institutional investors and analysts on that day.

    The key figures marked with * are so-called alternative performance measures. A definition of this can be found in the 2023 Annual Report on page 199 et seq. This is available at https://corporate.safholland.com/sites/default/files/reports/2023/saf- ....

     

     

     

    Contacts:

    Dana Unger      

    VP Investor Relations, Corporate & ESG Communications

    Tel: +49 6095 301 949

    dana.unger@safholland.de

     

    Alexander Pöschl

    Senior Manager Investor Relations, Corporate & ESG Communications

    Tel: +49 6095 301 117

    alexander.poeschl@safholland.de

     

    Michael Schickling

    Senior Manager Investor Relations, Corporate & ESG Communications

    Tel: +49 6095 301 617

    michael.schickling@safholland.de

     




    Contact:
    Dana Unger
    VP Investor Relations Corporate & ESG Communication

    SAF-HOLLAND SE
    Hauptstraße 26
    63856 Bessenbach
    Phone +49 6095 301-949
    ir@safholland.de

    End of Inside Information

    17-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.eqs-news.com


    Language: English
    Company: SAF-HOLLAND SE
    Hauptstraße 26
    63856 Bessenbach
    Germany
    Phone: +49 6095 301-949
    E-mail: ir@safholland.de
    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: 1926687

     
    End of Announcement EQS News Service

    1926687  17-Jun-2024 CET/CEST

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    EQS-Adhoc SAF-HOLLAND SE increases outlook for adjusted EBIT margin for the 2024 fiscal year EQS-Ad-hoc: SAF-HOLLAND SE / Key word(s): Change in Forecast/Preliminary Results SAF-HOLLAND SE increases outlook for adjusted EBIT margin for the 2024 fiscal year 17-Jun-2024 / 13:39 CET/CEST Disclosure of an inside information acc. to Article 17 …

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