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DGAP-Adhoc: SAF-HOLLAND SE: Adjusted EBIT margin of 6.4 per cent for the third quarter of 2020 significantly better than the value for the previous year's quarter - outlook for the full year unchanged for the time being

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0 0 20.10.20
DGAP-Adhoc: SAF-HOLLAND SE: Adjusted EBIT margin of 6.4 per cent for the third quarter of 2020 significantly better than the value for the previous year's quarter - outlook for the full year unchanged for the time being: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/24120/360px-SAFHolland.svg.png
 

DGAP-Ad-hoc: SAF-HOLLAND SE / Key word(s): Quarter Results
SAF-HOLLAND SE: Adjusted EBIT margin of 6.4 per cent for the third quarter of 2020 significantly better than the value for the previous year's quarter - outlook for the full year unchanged for the time being

20-Oct-2020 / 15:54 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

SAF-HOLLAND SE: Adjusted EBIT margin of 6.4 per cent for the third quarter of 2020 significantly better than the value for the previous year's quarter - outlook for the full year unchanged for the time being


Bessenbach, October 20, 2020. SAF-HOLLAND SE, one of the world's leading suppliers of trailer and truck components, achieved an adjusted EBIT margin of 6.4 per cent in the third quarter of 2020 on consolidated sales of slightly more than EUR 232 million (previous year: EUR 313.2 million) on the basis of the preliminary figures, significantly exceeding the pre-corona value for the same quarter of the previous year of 5.4 per cent. Due to the significant sales decline adjusted EBIT decreased from EUR 17.0 million to EUR 14.9 million.
 

The positive development of the adjusted EBIT margin is primarily based on the high-margin spare parts business, which is less affected by economic cycles, as well as on significant savings in selling and administrative costs.
 

In light of the recent sudden rise in the number of COVID-19 infections, business development in the fourth quarter is subject to major uncertainties. Consequently, the Management Board of SAF-HOLLAND SE has decided not to adjust the outlook for the full year 2020 at present. However, if the business climate continues to improve as it has in recent weeks, an adjusted EBIT margin above the currently expected range of 3 to 5 per cent is feasible.
 

SAF-HOLLAND will publish the complete quarterly statement as at September 30, 2020 on November 18, 2020.

 


Contact:
Michael Schickling
Head of Investor Relations and Corporate Communications
SAF-HOLLAND SE
Hauptstraße 26
63856 Bessenbach
Phone +49 6095 301-617
[email protected]

20-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: SAF-HOLLAND SE
Hauptstraße 26
63856 Bessenbach
Germany
Phone: +496095301117
Fax: +49 6095 301 - 260
E-mail: [email protected]
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: 1141966

 
End of Announcement DGAP News Service

1141966  20-Oct-2020 CET/CEST

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SAF Holland SE Stock

€19.28
1.690%
There is an upward development for SAF Holland SE compared to yesterday, with an increase of €0.32 (1.690%).
Currently there is a rather positive sentiment for SAF Holland SE with 3 Buy predictions and 0 Sell predictions.
However, we have a potential of -1.45% for SAF Holland SE as the target price of 19 € is below the current price of 19.28 €.
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