DGAP-News

SAF-HOLLAND S.A.: Strong organic sales growth in the first quarter of 2017

DGAP-News: SAF-HOLLAND S.A. / Key word(s): Quarter Results SAF-HOLLAND S.A.: Strong organic sales growth in the first quarter of 2017 11.05.2017 / 07:40 The issuer is solely responsible for the content of this announcement. SAF-HOLLAND: Strong organic sales growth in the first quarter of 2017

- Group sales increase 10.5%, organic sales growth of 7.6%

- First quarter adjusted EBIT margin at 8.7%

- Company confirms 2017 full-year outlook

Luxembourg, May 11, 2017 - SAF-HOLLAND S.A., the SDAX-listed supplier to the trailer, truck and bus industries, recorded dynamic sales development in the first quarter of the 2017 financial year despite a persistently challenging market environment particularly in North America. Sales increased 10.5% to EUR 287.3 million (previous year: EUR 259.9 million). Organic sales rose 7.6% to EUR 279.7 million, excluding positive currency effects of EUR 5.0 million and the EUR 2.6 million sales contribution from the Brazilian company KLL Equipamentos para Transporte Ltda (KLL), which was majority acquired by SAF-HOLLAND in October 2016.


SAF-HOLLAND achieved sales growth in all of the Group's reportable regions in the first quarter. The performance was noticeably strong in the EMEA/India region with sales rising 10.4% (currency-adjusted basis: +10.0%) to EUR 160.3 million (previous year: EUR 145.2 million). The APAC/China region also reported significant growth of 27.6% (currency adjusted basis: +26.2%) to EUR 18.5 million (previous year: EUR 14.5 million). For the first time after last year's sharp decline, the Americas region in the first three months of 2017 was able to deliver a sales increase of 8.2% (organic basis: +1.6%) to EUR 108.5 million (previous year: EUR 100.2 million). As a result, business in the Americas once again outperformed the region's still declining trailer and truck markets.