DGAP-News

SAF-HOLLAND S.A.: SAF-HOLLAND records strong organic sales growth and an adjusted EBIT margin of 8.9% in the second quarter

DGAP-News: SAF-HOLLAND S.A. / Key word(s): Half Year Results SAF-HOLLAND S.A.: SAF-HOLLAND records strong organic sales growth and an adjusted EBIT margin of 8.9% in the second quarter 10.08.2017 / 07:30 The issuer is solely responsible for the content of this announcement. SAF-HOLLAND records strong organic sales growth and an adjusted EBIT margin of 8.9% in the second quarter

- Group sales increase by 9.7% in the second quarter of 2017

- Adjusted EBIT margin in second quarter amounts to 8.9%

- Outlook: After the strong first half-year, sales in 2017 expected to tend towards the upper end of the planned target range; Company confirms forecast for adjusted EBIT margin

Luxembourg, August 10, 2017 - In the second quarter of the 2017 financial year, SAF-HOLLAND S.A., the SDAX-listed supplier to the trailer, truck and bus industries, continued the first quarter's strong growth momentum and increased sales in the period from April to June 2017 by 9.7% to EUR 300.3 million (previous year: EUR 273.7 million). Excluding positive currency effects of EUR 3.9 million and the sales contribution of EUR 3.2 million from the Brazilian company KLL Equipamentos para Transporte Ltda. (KLL), in which the majority was acquired in October 2016, sales on an organic basis grew 7.1% to EUR 293.2 million. In the first half of 2017, sales grew 10.1% (organic basis: 7.4%) to EUR 587.6 million (previous year: EUR 533.6 million).

As in the first quarter, SAF-HOLLAND continued to achieve sales growth in all of the Group's reportable regions in the second quarter of 2017. The strongest percentage rise was reported in the APAC/China region where sales grew 41.5% to EUR 23.9 million (previous year: EUR 16.9 million). Business in the Americas region in the second quarter improved with sales rising 11.5% (organic basis: +5.4%) to EUR 116.8 million (previous year: EUR 104.8 million) despite a decline in trailer production and only a slight increase in truck production in the United States. The EMEA/India region in the second quarter continued to grow solidly with an increase of 5.0% to EUR 159.6 million (previous year: EUR 152.0 million) despite a lower number of working days in the quarter due to holidays.