DGAP-Adhoc: SAF-HOLLAND S.A.: Sales increase of 36.5% and rise in earnings of 72.7% as compared to the previous year. Preliminary figures for the first nine months of 2011 confirm continued positive development

SAF-HOLLAND S.A.  / Key word(s): Quarter Results/Preliminary Results

19.10.2011 15:29

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

SAF-HOLLAND (WKN: A0MU70 / ISIN: LU0307018795), 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.

Luxembourg, 19. October 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




19.10.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      SAF-HOLLAND S.A.
              68-70, boulevard de la Pétrusse
              L-2320 Luxembourg
              Grand Duchy of Luxembourg
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
 
---------------------------------------------------------------------------