SAF-HOLLAND Projects Stable Annual Performance Despite Declines

SAF-HOLLAND SE announced provisional financial results indicating Group sales of EUR 1,877 million for 2024, slightly below the forecast of EUR 1,950 million. This shortfall is attributed to weak demand from the EMEA and Americas regions and postponed orders during the holiday season. Despite these challenges, the APAC region saw moderate growth, thanks to improvements in the Indian commercial vehicle sector.

The company expects to maintain its adjusted EBIT margin target of approximately 10% based on a steady aftermarket business. Looking ahead to 2025, SAF-HOLLAND predicts a market recovery in the EMEA and Americas regions, with continued demand growth in the APAC region, particularly in India. The company plans to release its full preliminary financial report for 2024 in February 2025.