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 HauptstraÃe 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 ---------------------------------------------------------------------------
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
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