DGAP-News: SAF-HOLLAND awarded once again with the PACCAR 10 PPM Quality Award

Corporate News

SAF-HOLLAND awarded once again with the PACCAR 10 PPM Quality Award

Luxembourg, May 7, 2020. The SAF-HOLLAND Group, one of the world's leading suppliers of fifth wheels, has once again been awarded with the 10 PPM Quality Award of the US truck manufacturer PACCAR Inc. - Kenworth, Peterbilt and DAF - for its locations in Singen, Germany, and Woodstock, Canada, for 2019. Only a few select suppliers who attain a defective parts ratio of 10 or less per million are granted this quality award. The SAF-HOLLAND Group has received the 10 PPM Award, which is issued on an annual basis, for the sixth time in succession for the Singen plant and for the fourth time in succession for the Woodstock plant.

"I am particularly pleased that we are the sole European manufacturer of fifth wheels to win this award," says Alexander Geis, CEO of the SAF-HOLLAND Group. "Winning the award again confirms our performance promise in terms of quality, delivery reliability and service as well as our long-term goal of meeting or even exceeding the expectations of our customer, PACCAR, day-in, day-out. This is primarily due to the high level of commitment exhibited by our employees."

In addition to achieving 10 ppm quality status, suppliers must meet demanding criteria for delivery performance, warranty support and continuous improvement. To achieve the elite quality status, the suppliers need best-in-class product design and process capabilities as well as a quality-focused corporate culture.

The plant in Singen has supplied fifth wheels to DAF Trucks in the Netherlands and Belgium since 2005. The plant in Woodstock has supplied the PACCAR brands, Kenworth and Peterbilt in North America for over 40 years.

About SAF-HOLLAND

SAF-HOLLAND SE, located in Luxembourg, is the largest independent listed commercial vehicle supplier in Europe and primarily supplies the trailer markets. With sales of around EUR 1,284 million in 2019, the Company is one of the leading international manufacturers of chassis-related assemblies and components, primarily for trailers but also for trucks, buses, and recreational vehicles. In addition to axle and suspension systems, the product range includes fifth wheels, coupling systems, kingpins and landing legs, which are sold under the SAF, Holland, Neway, KLL, V.Orlandi and York brands. SAF-HOLLAND supplies original equipment manufacturers (OEM) on six continents. In the Aftermarket business, the Group supplies replacement parts to manufacturers' service networks (OES) and, with the help of distribution centers, to end customers and service centers via an extensive global sales network. SAF-HOLLAND has a broad international base and is present in almost all markets worldwide. With the innovation offensive "SMART STEEL - ENGINEER BUILD CONNECT", SAF-HOLLAND combines mechanics with sensors and electronics and is driving forward the digital networking of commercial vehicles and logistics chains. Around 3,500 committed employees worldwide are already working on the future of the transport industry today.

Contact

Michael Schickling
Director Investor Relations and Corporate Communications
Tel: +49 (0) 6095 301 617
[email protected]

Future-oriented statements

This press release contains certain future-oriented statements that are based on current assumptions and forecasts made by the management of SAF-HOLLAND SE. Various known and unknown risks, uncertainties and other factors may lead to the actual results, financial position, development or performance of the company deviating considerably from the appraisals specified here. The company assumes no obligation to update future-oriented statements of this nature or adapt them to future events or developments.

Note

This announcement is for information purposes only and does neither constitute an offer to sell, purchase, exchange or transfer any securities nor a solicitation of any offer to sell, purchase, exchange or transfer any securities. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. SAF-HOLLAND SE does not intend to register any securities referred to herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with this announcement.