http://corporate.safholland.com/ SAF-HOLLAND News de http://corporate.safholland.com/typo3conf/ext/tt_news/ext_icon.gif http://corporate.safholland.com/ 18 16 SAF-HOLLAND News TYPO3 - get.content.right http://blogs.law.harvard.edu/tech/rss Thu, 15 Mar 2012 07:00:00 +0100 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/2012/march/article/saf-holland-uebertrifft-umsatz-und-ergebnisziele-im-geschaeftsjahr-2011.html?tx_ttnews%5Bday%5D=15&cHash=15d839c5dab372357594b2fce26fd1e1 Strong sales growth of 31.7% to EUR 831.3 million; Adjusted EBIT increased at a disproportionately... Luxembourg, March 15, 2012 – SAF-HOLLAND, a leading supplier for the global truck and trailer industry, has exceeded its growth objectives in 2011. Sales rose significantly as compared to the previous year by 31.7% to EUR 831.3 million (previous year: EUR 631.0 million). Adjusted EBIT increased at a disproportionately high rate of 54.4% to EUR 57.3 million (previous year: EUR 37.1 million). As a result, the adjusted EBIT margin improved to 6.9% (previous year: 5.9%). All three Business Units contributed to the positive development.  Detlef Borghardt, CEO of SAF-HOLLAND: "Our good business development resulted from the growth in transport volumes and continued pent-up demand in North America and Europe. At the same time, it confirms that we have correctly laid the groundwork for sustainable growth in the Group. The transfer of our technology expertise in the area of trailer axles to North America, the consistent expansion of our spare parts business and the expansion of our international activities are progressing well. SAFHOLLAND thus has further growth potential, which we will take advantage of in the coming years."  Significant growth in the global market for commercial vehicles  The Group had sales of EUR 456.6 million in Europe in 2011 (previous year: EUR 311.3 million) while sales in North America were EUR 331.9 million (previous year: EUR 279.2 million). Sales in other regions amounted to EUR 42.8 million (previous year: EUR 40.5 million). The gross margin, influenced by rising material prices and a changed product and customer mix, was at 17.9% (previous year: 18.5%). The adjusted result for the period rose strongly from EUR 2.9 million in the previous year to EUR 27.3 million in 2011. Adjusted earnings per share increased more than fivefold and reached EUR 0.75 (previous year: EUR 0.14). Cash flow from operating activities before income tax payments also saw a positive development in 2011 with EUR 46.5 million (previous year: EUR 46.0 million). The days of inventory increased slightly to 48 days (previous year: 43 days). The structure of the balance sheet improved considerably with the successful capital increase and partial repayment of liabilities to banks. Equity also increased strongly as a result of the good earnings development to EUR 192.2 million (previous year: EUR 24.9 million) and the equity ratio reached 35.8% (previous year: 5.1%) as of the balance sheet date. Net debt (interest-bearing loans and borrowings minus cash and cash equivalents) fell significantly to EUR 159.7 million (previous year: EUR 302.1 million).  Trailer Systems with biggest sales increase  The Trailer Systems Business Unit recorded growth of 46.5% in 2011 as sales increased to EUR 472.8 million (previous year: EUR 322.8 million). The unit thus generated 56.9% of Group sales. The increase stimulated earnings which improved in relation to the adjusted EBIT to EUR 14.8 million (previous year: EUR -9.0 million). The gross margin of 9.1% (previous year: 6.5%) was mainly influenced by the higher raw material prices, which couldn’t immediately, and later only partially, be passed on. The significantly increased production of our own axle and new suspension systems for trailers in North America had a particularly positive effect. Production began in 2009. SAFHOLLAND is pursuing the goal of doubling the market share of this segment in North America in the coming years.  Powered Vehicle Systems benefits from a good market dynamic  The Powered Vehicle Systems Business Unit recorded significant sales growth in 2011 of 20.8% to EUR 154.0 million (previous year: EUR 127.5 million). Both in regard to the gross margin of 16.6% (previous year: 23.6%) and the adjusted EBIT of EUR 14.2 million (previous year: EUR 22.4 million), the segment was not able to maintain the above-average performance of the previous year. Rising material prices and material shortages as well as a finished project in September 2011 contributed to this. In this Business Unit, SAF-HOLLAND will introduce a new range of suspension systems for special vehicles at the end of 2012, creating a positive effect on earnings development in the segment by 2013 at the latest.  Aftermarket expanding profitability further  The Aftermarket Business Unit increased its sales in financial year 2011 by 13.2% to EUR 204.5 million (previous year: EUR 180.7 million). The segment remains SAF-HOLLAND's second largest Business Unit and contributed 24.6% to Group sales. As a result of the increase in sales, adjusted EBIT rose at a disproportionately high rate of 23.9% to EUR 32.1 million (previous year: EUR 25.9 million). The gross margin increased slightly to 39.6% (previous year: 37.9%). The spare parts business is less influenced by economic cycles and is a stabilizing factor for the Group with a good degree of profitability and sustainable growth potential. The mid-term target is to increase the segment's contribution to 30% of Group sales.  Number of employees increases once again  As a consequence of higher demand, the Group hired new employees in all regions. In the reporting year, the average of employees at SAF-HOLLAND was 3,107 (previous year: 2,619).  Continued positive business development expected  SAF-HOLLAND intends to continue the growth course and thereby also focus in future on strategic growth areas. This primarily consists of the expansion of Aftermarket business, extension of the North American market share in the Trailer Systems segment and increased commitment in BRIC countries. SAF-HOLLAND looks forward to favorable business development in 2012, depending on how things progress in Europe in relation to financial, political and economic issues. From today's perspective, the company also anticipates positive business development with further growth in sales for 2013.  Note: EBIT was adjusted for the following items that are not originally attributable to the operating business: Depreciation and amortization from the purchase price allocation and reversals of impairment losses of intangible assets from impairment tests, as well as restructuring and integration costs. 1) Adjusted net result / weighted average number of ordinary shares outstanding in the period under review.
2) The operating cash flow is the cash flow from operating activities before income tax payments.]]> News Home Pressemitteilung Finanznachricht Media und Events Thu, 15 Mar 2012 06:10:00 +0100 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/2011/november/article/saf-holland-weiterhin-auf-wachstumskurs.html?tx_ttnews%5Bday%5D=17&cHash=5a773dc6114ef74ab3fdafdc71dd6620 Adjusted EBIT improves by 73.1% to EUR 45.0 million; Sales increase by 36.5% to EUR 627.0 million Luxembourg, November 17, 2011 – SAF-HOLLAND S.A., one of the world's leading manufacturers and providers of premium systems and components for trucks and trailers, increased its sales in the first nine months of financial year 2011 (reporting day: September 30) to EUR 627.0 million (previous year: EUR 459.2 million). This was primarily due to demand for commercial vehicles remaining at a good level, primarily in SAF-HOLLAND's core markets of North America and Europe. The Company especially benefited from pent-up demand for trailers that still exists in the transport industry. Adjusted EBIT increased in the first nine months of 2011 to EUR 45.0 million (previous year: EUR 26.0 million). With adjusted operating earnings before interest and taxes (EBIT) of EUR 15.0 million and an adjusted EBIT margin of 7.2%, both figures remained largely stable in the third quarter of 2011 as compared to the second quarter of 2011. Detlef Borghardt, CEO of SAF-HOLLAND: "The positive business development confirms our strategy: we intend to grow globally by expanding our international presence and rounding out our product range." With regard to the current market situation in the commercial vehicles industry, Borghardt said: “Signs still point to growth in both of our core markets of North America and Europe although the dynamic trend is apparently declining in Europe. SAF-HOLLAND is flexible enough to react successfully to various market scenarios. At the same time, we are accelerating the expansion of our business in the world's growth markets.” Sales and earnings meet expectations Good sales in September were able to compensate for the seasonally quieter summer months of July and August, which resulted in stable development in the third quarter as compared to the first two quarters of the current financial year. Overall, SAF-HOLLAND increased sales in the third quarter of 2011 by 21.8% to EUR 209.1 million (previous year: EUR 171.7 million) as compared to the previous year period. Adjusted for exchange rate effects, sales amounted to EUR 218.0 million. All three Business Units contributed to the growth in sales. Europe accounted for 54.8% of sales (previous year: 52.5%), while 39.5% stemmed from North America (previous year: 41.6%), and 5.7% (previous year: 5.9%) was contributed by the other regions. As a result of a changed product mix and increases in the prices for materials, the gross margin decreased in the first nine months of 2011 to 18.1% (previous year: 19.1%). Adjusted EBIT rose in the same period to EUR 45.0 million (previous year: EUR 26.0 million), in the third quarter alone it climbed to EUR 15.0 million (previous year: EUR 11.4 million). This corresponds to an adjusted EBIT margin of 7.2% for both the first nine months as well as for the third quarter of 2011. The adjusted result for the period rose to EUR 21.1 million as compared to EUR 1.8 million in the first nine months of the previous year. Adjusted earnings per share improved to EUR 0.60 (previous year: EUR 0.09) – despite a significant rise in the number of shares following the capital increase in March 2011. Cash flow from operating activities before income tax payments remained positive with EUR 24.3 million (previous year: EUR 34.2 million). In comparison to the previous year, it was influenced by an increase in net working capital as a result of the growing business volume. Due to the successful capital increase in March 2011, the reduction of debt and continued positive business development, the financial position of the Company has improved significantly as compared to the previous year. The equity ratio amounted to 33.7% as of September 30, 2011 (December 31, 2010: 5.1%). Total assets increased along with the good business development to EUR 540.5 million (December 31, 2010: EUR 484.7 million). As of September 30, 2011, the number of employees in the SAF-HOLLAND Group increased to 3,152 (September 30, 2010: 2,742). As compared to the previous quarter of 2011, the number of employees remained largely stable. Sales of Trailer Systems record highest growth rates The Trailer Systems Business Unit continued to show dynamic development, which was attributable to the two core markets of Europe and North America. SAF-HOLLAND has yet to note any indication of a slowdown in the North American market, whereas the first signs of caution have appeared among European market participants. Compared to the previous year period, sales rose in the first nine months of 2011 by 58.9% to EUR 362.2 million (previous year: EUR 227.9 million). Primarily due to increased capacity utilization, the gross margin increased to 9.5% (previous year: 5.7%). The segment contributed 57.8% (previous year: 49.6%) to Group sales. Powered Vehicle Systems benefits from continued heavy demand in North America The Powered Vehicle Systems Business Unit expanded its business while targeting sales of EUR 111.9 million (previous year: EUR 93.6 million) in the first nine months at the same time. The segment's activities were marked by bottlenecks in the supply of casting material in the third quarter of 2011 as well. Nevertheless, weekend shifts and overtime hours ensured that the products reached customers on time. This, however, weighed on the costs of the Business Unit. The gross margin was influenced by increases in the prices for materials, inefficiencies in production due to supply delays and changes to the product mix. It amounted to 17.5% (previous year: 24.3%). Due to the strong growth in the Trailer Systems Business Unit, the share in total sales decreased to 17.8% (previous year: 20.4%). In comparison to the previous quarter in 2011, it remained stable. Aftermarket becomes more international The Aftermarket Business Unit continued to expand its business in the first nine months. In July, SAF-Holland opened a subsidiary in the Emirate of Dubai, and the Aftermarket Business Unit immediately began supplying customers in the Middle East and parts of North and Central Africa from this location. Sales rose to EUR 152.9 million (previous year: EUR 137.7 million), corresponding to an increase of 11.0%. Despite increases in the price of materials, the gross margin rose to 39.6% (previous year: 37.8%). The segment generated 24.4% (previous year: 30.0%) of Group sales. SAF-HOLLAND confirms forecast for 2011 According to forecasts from market research institutes ACT and FTR, the production of commercial vehicles in the USA will continue to grow in 2011 and 2012. SAF-HOLLAND is prepared for various market scenarios, even if the markets may grow more slowly in the coming months than in the first half of the year. The future developments of financial markets remain impossible to predict. In particular, it is not clear how current uncertainties will affect the real economy. SAF HOLLAND maintains its expectation to achieve a sales increase of up to 25% for full year 2011 as compared to 2010. Earnings will also improve considerably. In light of a changed customer and product mix and current increases in material prices, growth in the adjusted EBIT margin will not keep pace with the growth in sales. For 2012 we anticipate a positive business development for the overall company subject to the uncertainty of the global political and financial markets. Note: EBIT was adjusted for the following items that are not originally attributable to the operating business: depreciation and amortization arising from the purchase price allocation as well as restructuring and integration costs. ]]> Pressemitteilung Finanznachricht News Home Thu, 17 Nov 2011 07:00:00 +0100 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/2011/october/article/umsatzplus-von-365-und-ergebnisanstieg-um-727-gegenueber-vorjahr.html?tx_ttnews%5Bday%5D=19&cHash=80e652ff889a777e72f3d53d86829d61 Preliminary figures for the first nine months of 2011 confirm continued positive development Luxembourg, 19. October 2011 - SAF-HOLLAND, according to preliminary figures for the first nine months of 2011, achieved sales of approximately EUR 627 million (previous year EUR 459.2 million). Good sales in September were able to offset the seasonally more quiet summer months of July and August, so that in the third quarter stable development was recorded in comparison to the first two quarters of the current financial year. The preliminary adjusted EBIT in the first nine months amounted to EUR 44.9 million (previous year EUR 26.0 million). The adjusted EBIT margin thus increased to 7.2% (previous year 5.7%). In the third quarter, the company recorded sales growth of 21.8% to approximately EUR 209 million (previous year EUR 171.7 million). Adjusted EBIT rose to EUR 14.9 Million from EUR 11.4 million in the same period of the previous year. This corresponds to an increase of 30.8%. The adjusted EBIT margin improved to 7.1% (previous year 6.6%), showing stable development as compared to the second quarter of 2011. All three Business Units contributed to the positive business development. Trailer Systems increased its adjusted EBIT margin as compared to the previous quarter to a preliminary figure of 3.6% (previous year -0.1%), and, as expected, the margin in the Powered Vehicle Systems segment remained stable as compared to the second quarter of 2011 at 8.4% (previous year 16.0%). Aftermarket, recorded generally positive business development with an adjusted EBIT margin of 15.9% (previous year 14.6%) in the third quarter with growth in the quarter slowed by the start-up costs associated with the new logistics center in Cincinnati. Overall, SAF-HOLLAND was able to achieve clear growth in sales and earnings in the third quarter as compared to the previous year. In light of this development, SAF-HOLLAND confirms its expectation that for financial year 2011 a sales increase of up to 25% as compared to the previous year will be achieved. Earnings will also improve considerably. On the basis of a changed product and customer mix as well as rising material prices, growth of the EBIT margin will not, however, keep pace with sales growth.]]> Finanznachricht Pressemitteilung News Home Wed, 19 Oct 2011 10:10:00 +0200 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/2011/october/article/saf-holland-geschaeft-in-dubai-erfolgreich-gestartet.html?tx_ttnews%5Bday%5D=17&cHash=d8b26f9c390aa45b70c08934fa9a5741 - First deliveries from the new subsidiary - Growth in the Middle East and North Africa accelerated Luxembourg, October 17, 2011 – Successful start in Dubai: the local subsidiary of SAF-HOLLAND S.A., a leading supplier for the global truck and trailer industry, had already delivered the first parts to customers in the Middle East within a few weeks of being formally founded. Dubai will also supply SAF-HOLLAND replacement parts to North and Central Africa. “The region of the Middle East and North and Central Africa is an important growth market for SAF-HOLLAND”, said Alexander Geis, Head of the Aftermarket Business Unit. “The quick acceptance of our new location proves that the founding of a subsidiary in Dubai was a step in the right direction with regard to our objective of boosting our international expansion.” SAF-HOLLAND's customers in the region benefit from shorter delivery times, better availability of parts and a simplified order process.]]> Pressemitteilung News Home Finanznachricht Mon, 17 Oct 2011 10:23:00 +0200 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/1970/january.html?tx_ttnews%5Bday%5D=01&cHash=8259ce1d652d6367dd919c55c072b383 Thu, 01 Jan 1970 01:00:00 +0100 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/2011/august/article/saf-holland-steigert-umsatz-im-ersten-halbjahr-2011-um-45-prozent-gegenueber-vorjahr.html?tx_ttnews%5Bday%5D=18&cHash=fba6b14ed59a2947e36afaef8902ebc7 • Adjusted EBIT doubles to EUR 30.0 million • Sales increase of 6.5 in the second quarter as... Key earnings indicators significantly improved in first half year in comparison to previous year Overall, SAF-HOLLAND increased sales in the first half year 2011 by 45 percent to EUR 417.9 million (previous year: EUR 287.5 million). Adjusted for exchange rate effects, sales amounted to EUR 427.9 million. All three business units contributed to the increase in sales. Europe accounted for 56.3 percent of sales (previous year: 47.2 percent), while 39.2 percent stemmed from North America (previous year: 46.5 percent), and 4.5 percent was contributed by the other regions (previous year: 6.3 percent). As a result of a changed product mix and increases in the prices for materials, the gross margin decreased in the first half year of 2011 to 18.4 percent (previous year: 19.2 percent). Adjusted EBIT doubled to EUR 30.0 million (previous year: EUR 14.6 million). This corresponds to an adjusted EBIT margin of 7.2 percent (previous year: 5.1 percent). The adjusted result for the period rose to EUR 11.9 million, whereas the figure for the previous year period was in the negative area (previous year: EUR -0.6 million). Adjusted earnings per share improved to EUR 0.37 (previous year: EUR -0.03) – this despite a significant rise in the number of shares following the capital increase in March 2011. In the second quarter of 2011, SAF-HOLLAND was again able to increase its sales by 6.5 percent to EUR 215.5 million in comparison to the first quarter of 2011 (EUR 202.4 million). The adjusted EBIT margin held steady at 7.2 percent allowing adjusted EBIT to increase to EUR 15.4 million. Cash flow from operating activities before income tax rose due to positive business development to EUR 23.6 million (previous year: EUR 19.7 million). As a result of the successful capital increase, the reduction of debt and positive business development, the financial position of the Company has improved significantly. The equity ratio amounted to 33.8 percent as of June 30 (December 31, 2010: 5.1 percent). Total assets increased to EUR 519.6 million (December 31, 2010: EUR 484.7 million). As of June 30, 2011, the number of employees in the SAF-HOLLAND Group increased to 3,158 (June 30, 2010: 2,557). Sales of Trailer Systems grows by 78 percent The Trailer Systems Business Unit recorded dynamic development, which was primarily attributable to the two core markets of Europe and North America. An increased need for trailers has been created by the high utilization of fleet operators due to globally increased transport volumes on the one hand, and continued catch-up effects remaining from the crisis years of 2008-2010 on the other. Compared to the previous year period, sales rose in the first half year by about 78% to EUR 241.8 million (previous year: EUR 136.0 million). Primarily due to increased capacity utilization, the gross margin increased to 9.4 percent (previous year: 4.0 percent). The segment contributed 57.8 percent to Group sales (previous year: 47.3 percent). Powered Vehicle Systems with a sales plus of 20 percent The Powered Vehicle Systems Business Unit also expanded its business and targeted sales of EUR 73.8 million in the first six months (previous year: EUR 61.5 million). This Business Unit has also seen high production figures in the truck industry in Europe as well as in North America, which has generated an increase in demand, for fifth wheels for example. The gross margin was influenced by a changed product mix and rising material prices; in the first half year it amounted to 18.8 percent (previous year: 25.2 percent). Due to the strong growth in the Trailer Systems Business Unit, the share in total sales decreased to 17.7 percent (previous year: 21.4 percent). Aftermarket generates reliable earnings The Aftermarket Business Unit was an important source of earnings in the first half year. Sales rose by about 14 percent to EUR 102.3 million (previous year: EUR 90.0 million). Despite increases in the price of materials, the gross margin rose slightly to 39.3 percent (previous year: 38.1 percent). The spare parts business profited not only from increasing transport volumes and the associated rise in demand for spare parts, but also from the global presence of SAF-HOLLAND. New products bring additional sales potential In the USA, SAF-HOLLAND introduced to a complete family of air suspended trailer axles to the market, which have already received a positive reception. The company has also made progress in the expansion of product range in China and Brazil, where axle systems designed specifically for this market were sold. Stable development in the second half year of 2011 is expected According to current forecasts from the Economic Research Institute, the positive development for the commercial vehicle industry should continue. SAF-HOLLAND assumes therefore that the dynamic growth in the second half year of 2011 will stabilize at the current levels. The extent to which the current development on the financial markets impacts the real economy is, for the moment, unclear. For that reason SAF HOLLAND maintains its expectation to achieve a sales increase of up to 25 percent for full year 2011 compared to 2010. Earnings should also increase significantly. In light of a changed customer and product mix and current increases in material prices, the growth in earnings will, as reported, not keep pace with the growth in sales. From today's perspective, a positive business development is also expected for 2012. Notice: EBIT was adjusted for the following effects which are not originally attributable to the operating business: depreciation and amortization arising from the purchase price allocation as well as restructuring and integration costs. ]]> Pressemitteilung Media und Events News Home Finanznachricht Thu, 18 Aug 2011 07:00:00 +0200 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/2011/august/article/saf-holland-baut-geschaeft-im-mittleren-osten-nord-und-zentralafrika-aus.html?tx_ttnews%5Bday%5D=08&cHash=0615c3604f499a6f490dcc5e7c491c50 New subsidiary founded in Dubai Pressemitteilung Media und Events News Home Mon, 08 Aug 2011 09:00:00 +0200 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/1970/january.html?tx_ttnews%5Bday%5D=01&cHash=8259ce1d652d6367dd919c55c072b383 Thu, 01 Jan 1970 01:00:00 +0100 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/2011/july/article/saf-holland-baut-geschaeft-in-der-tuerkei-aus.html?tx_ttnews%5Bday%5D=04&cHash=e02ea556bd6dde42a23dcbfe7997544c • Newly founded regional company to increase sales volume • Turkey – an important location for the... Pressemitteilung News Home Mon, 04 Jul 2011 11:53:00 +0200 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/2011/june/article/saf-holland-verbessert-service-im-aftermarket.html?tx_ttnews%5Bday%5D=22&cHash=6b4d08f6870c82bdfda71694f6bf721e • Warehouses in Germany consolidated • First centralized warehouse in the USA • Fast... •    First centralized warehouse in the USA
•    Fast single-source delivery for customers

Luxembourg, June 22, 2011 – SAF-HOLLAND, a leading supplier for the global truck and trailer industry, is strengthening its aftermarket business through restructuring of its spare parts warehouses. This will considerably simplify the ordering and delivery process for customers.

From July 1, 2011, the previous two spare parts warehouses in Singen and Aschaffenburg will be consolidated at the Aschaffenburg location. From now on, customers will be able to order spare parts from the entire product range of SAF-HOLLAND and SAF-HOLLAND Verkehrstechnik GmbH from one spare parts warehouse location. The parts will be delivered together in one delivery and will no longer be transported from different production locations as was previously the case. "This will considerably improve the service for trucking companies and fleet operators", said Alexander Geis, Head of the Aftermarket Business Unit. "In addition, existing capacities will be better utilized as no additional investments will be required for the spare parts warehouse in Aschaffenburg", continued Geis.
Staff reductions are not planned: "Thanks to the good order situation, we are able to offer new positions to all employees from the Singen spare parts warehouse", said Svend Koch, Managing Director of SAF-HOLLAND Verkehrstechnik in Singen.

In May, SAF-HOLLAND already opened the centralized spare parts warehouse for America. It is located in Cincinnatti, Ohio (USA) and covers an area of around 8,000 square meters. "We are replacing numerous decentralized warehouses and substantially reducing delivery times to customers. We are also improving our internal and external logistics processes", said Alexander Geis. 

Both warehouses are conveniently located near highways and airports guaranteeing fast and reliable delivery of spare parts to customers.

With this measure, SAF-HOLLAND will exploit further synergies across locations and use existing resources to increase its service and delivery availability with respect to customers.
 
The Aftermarket Business Unit, which, with a close-meshed global service network, ensures prompt and reliable replacement part delivery for fleet operators and trucking companies, generated around 30% of SAF-HOLLAND's total sales in financial year 2010.   

Company Profile:
With sales of approximately EUR 630 million in 2010 and over 2,800 employees, SAF-HOLLAND S.A. is one of the world’s leading manufacturers and suppliers of premium product systems and components primarily for trailers as well as trucks, buses and recreational vehicles. The product range encompasses axle and suspension systems, fifth wheels, coupling devices, kingpins, and landing legs. SAF-HOLLAND customers include the majority of large truck and trailer producers all over the world. The products are sold to Original Equipment Manufacturers (OEMs) and Original Equipment Suppliers (OESs) by means of a global service and distribution network and via aftermarket channels directly to the end users and service garages. SAF-HOLLAND has therefore established itself as one of the few manufacturers in its sector that is internationally positioned with an extensive product range and a broad service network. SAF-HOLLAND S.A. has been listed in the Prime Standard of the Frankfurt Stock Exchange since June 2007 and has been in the SDAX since December 2010.
]]> Pressemitteilung Finanznachricht Wed, 22 Jun 2011 09:23:00 +0200 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/2011/may/article/saf-holland-starkes-wachstum-haelt-an.html?tx_ttnews%5Bday%5D=19&cHash=28079b10fe2b6e3b7a983fb0c1f65aa2 Sales increased by more than 60 percent to EUR 202.4 million in the first quarter of 2011; Adjusted... Equity ratio significantly improved The Group generated 54.8 percent of its sales in Europe and 40.4 percent in North America. The remaining 4.8 percent stems from the other regions. The gross margin remains stable despite higher commodity prices at 18.8 percent (previous year: 18.9 percent). The adjusted result for the period continued its upward trend at EUR 4.9 million (previous year: EUR -1.6 million). Adjusted earnings per share were also positive again at EUR 0.22 (previous year: -0.08). Cash flow from operating activities before income tax payments climbed to EUR 10.8 million (previous year: EUR 7.2 million). Due to the successful capital increase as of the reporting date of March 31, 2011, the equity ratio rose to 26.1 percent (December 31, 2010: 5.1 percent). Settling bank debt with liquidity from the capital increase and the resulting balance sheet contraction will result in an equity ratio of over 30 percent. Trailer Systems grows globally The Trailer Systems Business Unit benefited from growth stimulus in all of SAF-HOLLAND's core markets. While having suffered the heaviest losses in comparison to the other two business units in 2008 and 2009, it is now recording the strongest growth. Sales more than doubled in comparison to the previous year at EUR 114.5 million (previous year: EUR 56.7 million). The gross margin increased to 9.6 percent (previous year: 3.4 percent) thanks to greater capacity utilization. The business unit contributed 56.6 percent (previous year: 45.3 percent) of sales. The Mid America Truck and Trailer Show in Louisville, USA, served as an opportunity to present the significantly expanded product portfolio for the trailer industry. With axle systems and air suspension systems designed to handle loads of more than 11 tons, SAF-HOLLAND now offers a complete product program for the American market. Powered Vehicle Systems benefits from pent up demand The Powered Vehicle Systems Business Unit made profit in Europe as well as North America. As a result of transport volumes returning to growth and pent up investment demand for fleets, the business unit recorded 35.6 percent growth in sales to EUR 37.3 million (previous year: 27.5 million). The gross margin amounted to 20.1 percent (previous year: 24.4 percent). Powered Vehicle Systems’ share of Group sales was 18.4 percent (previous year: 21.9 percent). Aftermarket shows sustained growth The Aftermarket Business Unit of SAF-HOLLAND has built up a service and distribution network of about 10,000 locations worldwide. In the course of the general market revival, sales increased by 23.1 percent to EUR 50.6 million (previous year: EUR 41.1 million) in the first quarter. The gross margin once again increased significantly to 39.1 percent (previous year: 36.7 percent). This business segment contributes 25.0 percent (previous year: 32.8 percent) to Group sales. Sustainable growth expected Due to exceedingly successful business development in the first quarter, SAF-HOLLAND has raised its sales forecast for 2011: the Company now predicts an increase in sales of up to 25 percent compared to the previous year. A plus of 20 percent was previously expected. This optimistic estimate is based on the successful restructuring of the Company and stable growth in the commercial vehicles industry. This increase in sales will be linked to a significant improvement in earnings. Along with a normalization of sales volume, however, the product mix will also shift towards lower-margin standard products. Since all market research institutes currently expect very stable growth, SAF-HOLLAND also anticipates positive business development in 2012. Note: EBIT was adjusted for the following effects which are not originally attributable to the operating business: depreciation and amortization arising from the purchase price allocation as well as restructuring and integration costs. ]]> Pressemitteilung Finanznachricht News Home Thu, 19 May 2011 07:00:00 +0200 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/2011/april/article/saf-holland-detlef-borghardt-uebernimmt-vorsitz-des-management-board.html?tx_ttnews%5Bday%5D=28&cHash=f9e581bde53a34c10878ae4beb73abf8 After successfully restructuring the Group, Rudi Ludwig (62), CEO of SAF-HOLLAND Group GmbH, is... Pressemitteilung News Home Media und Events Finanznachricht Thu, 28 Apr 2011 13:00:00 +0200 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/2011/march/article/saf-holland-mit-kraeftiger-umsatz-und-ergebnissteigerung.html?tx_ttnews%5Bday%5D=16&cHash=b26fe104008e598d934eeb6cc8946f01 Group sales 2010 increases by 50.4 percent to EUR 631.0 million; Adjusted EBIT rises to EUR 37.1... Clear growth in demand According to market studies the commercial vehicles industry is clearly benefiting from the global economic recovery. The number of new truck registrations (over 16 tons) rose by more than 20 percent in Germany in 2010. Europe-wide the number of new truck registrations rose by 8.4 percent. In the USA, truck production was up by approximately 30 percent. The production of trailers also increased significantly in 2010. In Western Europe about 11 percent more trailers were produced than in the previous year. The SAF-HOLLAND group had sales of EUR 311.3 million in Europe (previous year: EUR 196.7 million) while sales in North America were EUR 279.2 million (previous year: EUR 198.9 million). Sales in the remaining regions amounted to EUR 40.5 million (previous year: EUR 24.0 million). The gross margin also improved further in 2010, amounting to 18.5 percent (previous year: 16.3 percent). Adjusted EBIT rose significantly to EUR 37.1 million (previous year: EUR 1.5 million). The adjusted result for the period showed a profit once again at EUR 2.9 million (previous year: EUR -15.6 million) and adjusted earnings per share were EUR 0.14 (previous year: EUR -0.75). Cash flow from operating activities before income tax payments amounted to EUR 46.0 million (previous year: EUR 48.3 million). As a result of the successful net working capital management, the days of inventory outstanding was down further to 43 days (previous year: 57 days). The equity ratio on the reporting date was nearly unchanged at 5.1 percent (previous year: 5.2 percent). Net debt (interest-bearing loans and borrowings minus cash and cash equivalents) amounted to EUR 302.1 million (previous year: EUR 289.3 million). Trailer Systems with the strongest growth of all Business Units The Trailer Systems Business Unit recorded the strongest growth in 2010. Demand rose substantially in all regions. Sales in the segment amounted to EUR 322.8 million (previous year: EUR 175.1 million), adjusted for exchange rate effects the figure was EUR 318.2 million. Due to a significant improvement in capacity utilization, the gross margin increased to 6.5 percent (previous year: -1.7 percent). Adjusted EBIT for the segment totaled EUR -9.0 million (previous year: EUR -27.0 million). There was steady sales growth in the Business Unit over the course of the year and this growth has continued in the beginning of 2011. This applies to both Europe and North America. Axle production in the USA tripled as compared to the previous year. Powered Vehicle Systems significantly increases its profit margin The Powered Vehicle Systems Business Unit benefited from steady growth in all regions. Compared to the previous year, sales in the segment increased to EUR 127.5 million (previous year: EUR 98.3 million), adjusted for exchange rate effects the figure was EUR 122.4 million. The gross margin rose to 23.6 percent, after a rate of 21.2 percent in the previous year. Adjusted EBIT climbed to EUR 22.4 million (previous year: EUR 14.7 million). SAF-HOLLAND is the market leader for fifth wheels in North America and is growing its business in Europe. The Company also anticipates growth in this segment in 2011. Aftermarket expanding profitably The Aftermarket Business Unit further expanded its service network in financial year 2010. In 2010, sales grew to EUR 180.7 million (previous year: EUR 146.2 million), at constant exchange rates to EUR 176.1 million. The gross margin increased slightly to 37.9 percent (previous year: 36.5 percent). As a result of the increase in sales, adjusted EBIT rose to EUR 25.9 million (previous year: EUR 17.7 million). The spare parts business is generally less influenced by economic cycles and is a stabilizing factor for the Group with a good degree of profitability. Number of employees increases once again As a consequence of higher demand, the Group hired new employees in all regions. As of December 31, 2010, SAF-HOLLAND employed 2,774 people (previous year: 2,331). The average for the year 2010 was 2,619 employees as compared to 2,320 in the previous year. Outlook SAF-HOLLAND expects the market growth seen in recent months to continue in 2011. Against this backdrop and subject to the impact of the recent events in Japan, the Group anticipates a growth in sales of up to 20 percent in the current financial year. Earnings are also expected to improve but it must be kept in mind that during a return to normal market volumes, the customer and product mix tends to shift to lower-margin standard products. In the medium-term, SAF-HOLLAND’s goal remains to generate sales of EUR 1 billion while achieving an adjusted EBIT margin of 10 percent. Note: EBIT was adjusted for the following items that are not originally attributable to the operating business: Depreciation and amortization from the purchase price allocation and impairment on goodwill and intangible assets from the impairment tests, reversal of impairment as well as restructuring and integration costs. ]]> Pressemitteilung Finanznachricht News Home Wed, 16 Mar 2011 17:17:00 +0100 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/2011/april/article/saf-holland-setzt-auf-wachstum-in-china.html?tx_ttnews%5Bday%5D=12&cHash=03399e074945b5e53cbb3c5ca2f3da7e Merger of production sites, Goal: complete product range for Asia Pressemitteilung News Home Media und Events Tue, 12 Apr 2011 15:27:00 +0200 http://corporate.safholland.com/en/media-events/press-releases/press-releases/archive/2011/february/article/saf-holland-erreicht-bessere-finanzierungskonditionen.html?tx_ttnews%5Bday%5D=24&cHash=e5e99253cfd1de8e6d83a080207dc5f1 Interest margin drops considerably with successful capital increase Pressemitteilung Finanznachricht News Home Thu, 24 Feb 2011 15:19:00 +0100