DGAP-Adhoc: SAF-HOLLAND SE: Guidance for adjusted EBIT margin for the full year 2020 raised to 5 to 6 per cent
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DGAP-Ad-hoc: SAF-HOLLAND SE / Key word(s): Change in Forecast SAF-HOLLAND SE: Guidance for adjusted EBIT margin for the full year 2020 raised to 5 to 6 per cent Bessenbach, November 17, 2020. The recovery of the business environment of SAF-HOLLAND SE, one of the world's leading suppliers of trailer and truck components, which started in the third quarter, continued through into October. Based on the preliminary figures for October 2020, the Management Board of SAF-HOLLAND SE decided today to revise its outlook for the adjusted EBIT margin for the full year 2020. The Company now expects an adjusted EBIT margin in a range between 5 and 6 per cent (formerly: 3 to 5 per cent). The positive trend in the adjusted EBIT margin is primarily based on the continued recovery of the trailer and truck markets in North America and Europe, gaining market shares, the high-margin spare parts business, which is less affected by economic cycles, as well as on significant savings in selling and administrative expenses. The new guidance is made on the premise that there are no new, unexpected impacts from the ongoing COVID-19 pandemic on the production and supply chains in the remaining weeks of the 2020 financial year. SAF-HOLLAND SE publishes the full quarterly statement as of 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]
17-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | 1148850 |
| End of Announcement | DGAP News Service |
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1148850 17-Nov-2020 CET/CEST
SAF Holland SE Stock
Currently there is a rather positive sentiment for SAF Holland SE with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 19 € shows a slightly positive potential of 4.51% compared to the current price of 18.18 € for SAF Holland SE.
