DGAP-News

SAF-HOLLAND's sales and earnings surge in the first nine months of 2015 - Seite 3

Australian market.

All Business Units contribute to sales and earnings growth
In the first nine months of 2015, SAF-HOLLAND generated higher sales and
earnings in all Business Units. The largest Business Unit, Trailer Systems,
increased its sales 14.0% to EUR 471.9 million (previous year: EUR 414.1
million). Sound capacity utilization in our core markets and the positive
impact from measures implemented to increase efficiency led to a sharp rise
in adjusted EBIT of 76.7% to EUR 30.4 million (previous year: EUR 17.2
million). This rise resulted in an improved adjusted EBIT margin of 6.5%
(previous year: 4.2%).

During the same period, sales in the Powered Vehicle Systems Business Unit
increased to EUR 139.3 million (previous year: EUR 122.9 million) due to
relatively steady developments in the truck markets in North America and
Europe and favorable currency developments. The Business Unit's adjusted
EBIT climbed 29.6% to EUR 10.5 million (previous year: EUR 8.1 million).
Earnings in this segment were supported by flexibility measures implemented
at the production facilities in North America, the solid capacity
utilization, and the higher earnings contribution from the specialists for
bus suspension systems Corpco in China. The adjusted EBIT margin amounted
to 7.5% (previous year: 6.6%).

The Aftermarket business in the nine-month period of 2015 was influenced by
the difficult conditions in Russia and the tendency of North American fleet
operators to purchase new vehicles. In addition, the company made
investments for the international expansion of the Business Unit's sales
structures. The Aftermarket Business Unit was able to increase its sales by
10.6% to EUR 206.3 million (previous year: EUR 186.5 million). At the same
time, the adjusted EBIT climbed 7.9% to EUR 32.7 million (previous year:
EUR 30.3 million). At 15.8% (previous year 16.2%), the Unit's adjusted EBIT
margin remained in the planned range of 15 to 16%.

Favorable sales and earnings performance expected to continue - outlook for
sales, adjusted EBIT, and earnings per share confirmed
Despite the severe market downturns in Brazil, Russia, and Australia, the
successful business performance in the first nine months of 2015 provides a
solid foundation for the full year. From today's perspective, we assume
that SAF-HOLLAND's solid business development will continue throughout the
remainder of 2015 and the company will report another year of profitable
growth. The company confirms its 2015 full-year targets, which were raised
slightly in the second quarter. The steady year-to-date organic growth of