SAF-HOLLAND S.A.: Sales increase better than expected in 2011: SAF-HOLLAND Corporate

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SAF-HOLLAND S.A.: Sales increase better than expected in 2011

SAF-HOLLAND S.A.  / Key word(s): Change in Forecast

17.05.2011 14:26

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SAF-HOLLAND S.A. has raised its sales forecast for 2011. Following a
successful first quarter, management anticipates an increase of up to 25
percent for the current year. The Company had previously expected sales
growth of up to 20 percent as compared to the prior year. In financial year
2010, the Group generated sales of EUR 631.0 million. The increase will
also lead to a noticeable improvement in earnings. With a normalization of
the sales volume, however, the product and customer mix will shift toward
lower-margin standard products.

According to preliminary figures, SAF-HOLLAND generated first-quarter sales
of EUR 202.4 million (previous year: EUR 125.3 million) and an adjusted
EBIT of EUR 14.6 million (previous year: EUR 4.8 million). The complete
quarterly financial statements will be published on May 19, 2011.

Luxembourg, May 17 2011
The Board of Directors



Contact:
SAF-HOLLAND Group GmbH
Barbara Zanzinger
Hauptstraße 26
63856 Bessenbach

Phone +49 6095 301-617
barbara.zanzinger@safholland.de




17.05.2011 DGAP's Distribution Services include Regulatory Announcements, 
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Language:     English
Company:      SAF-HOLLAND S.A.
              68-70, boulevard de la Pétrusse
              L-2320 Luxembourg
              Großherzogtum Luxemburg
Phone:        +49 6095 301 - 0
Fax:          +49 6095 301 - 260
E-mail:       info@safholland.de
Internet:     www.safholland.com
ISIN:         LU0307018795
WKN:          A0MU70
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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