Saf-Holland Se
XETRA:SFQ
Saf-Holland Se
SAF-HOLLAND SE engages in the manufacture and supply of systems and components for commercial, public, and recreational vehicles. The company is headquartered in Aschaffenburg, Bayern. The company went IPO on 2007-07-26. The firm operates in Europe and is present in the global markets manufacturing and supplying chassis related systems and components, primarily for trailers and semi-trailers, as well as for trucks and buses. The company operates through four reportable segments: EMEA, the Americas, APAC and China. The regions cover both the original equipment business and the aftermarket business with spare parts. The firm sells its products to original equipment manufacturers (OEMs) on six continents. Its aftermarket business supplies spare parts to Original Equipment Supplier (OES) service networks, as well as end customers and service centers through its global distribution network. The product line mainly consists of axle and suspension systems, fifth wheels, pivot and landing gear and is marketed under the brands SAF, Holland, Neway, KLL, Corpco, V.Orlandi and York, moreover.
SAF-HOLLAND SE engages in the manufacture and supply of systems and components for commercial, public, and recreational vehicles. The company is headquartered in Aschaffenburg, Bayern. The company went IPO on 2007-07-26. The firm operates in Europe and is present in the global markets manufacturing and supplying chassis related systems and components, primarily for trailers and semi-trailers, as well as for trucks and buses. The company operates through four reportable segments: EMEA, the Americas, APAC and China. The regions cover both the original equipment business and the aftermarket business with spare parts. The firm sells its products to original equipment manufacturers (OEMs) on six continents. Its aftermarket business supplies spare parts to Original Equipment Supplier (OES) service networks, as well as end customers and service centers through its global distribution network. The product line mainly consists of axle and suspension systems, fifth wheels, pivot and landing gear and is marketed under the brands SAF, Holland, Neway, KLL, Corpco, V.Orlandi and York, moreover.
Sales Decline: Q3 group sales fell to EUR 417.2 million, down 5.2% year-over-year, amid softer demand and tariff-related headwinds.
Profitability: Adjusted EBIT margin was 9.1% for Q3, with adjusted EBITDA margin steady at 13.2%. Reported EPS rose 49.4% to EUR 0.31 despite lower sales.
Free Cash Flow: Operating free cash flow rebounded to EUR 38.5 million in Q3, showing improvement after a weak Q2.
Guidance Update: Full-year 2025 sales guidance was lowered to EUR 1.7–1.75 billion, while adjusted EBIT margin and CapEx guidance remain unchanged.
Share Buyback: SAF-Holland launched a share buyback program of up to EUR 40 million (up to 5% of shares), not impacting M&A ambitions.
Efficiency Program: New cost measures targeting SG&A will incur high single-digit million euro expenses by year-end, aiming to boost profitability in 2026.
Regional Trends: EMEA showed modest growth, Americas and APAC remained weak due to tariff and market uncertainties. Aftermarket business demonstrated resilience.
Market Outlook: North American truck and trailer markets expected to decline 20–30% in 2025; positive momentum in China, stable outlook for India.
