SAF-HOLLAND SE Reports Resilient Performance Amid Market Challenges

In a challenging market, SAF-HOLLAND SE reported steady results for the first nine months of 2024. Sales decreased by 8.6% year-on-year to EUR 1,452.5 million, impacted by a market slowdown in original equipment. However, the adjusted EBIT margin increased to 10.1%, thanks to an increased share from the aftermarket business.

The aftermarket segment grew its contribution to sales from 30.8% to 37.6%, partly compensating for a decline in original equipment sales. Acquisitions also boosted sales.

Operating free cash flow was EUR 86.7 million, slightly lower than last year. Despite increased financial debt due to acquisitions, the leverage ratio remains below target, supported by strategic financial positioning.

SAF-HOLLAND has adjusted full-year sales expectations to EUR 1,950 million, with a stable EBIT margin outlook supported by strong aftermarket growth and cost adjustments.