Equipment specialist, SAF-Holland, has reported a strong first half year and has raised its guidance for FY2021.
Group sales were up 27.7 per cent in H1 2021 to €608 million (Q2 2021: +67.2 per cent to €323 million).
New guidance for group sales is between €1.1 and €1.2 million (previously €1.050 million to €1.150 million) with an adjusted EBIT margin of around 7.5 per cent (previously 7.0 per cent).
“The very good business performance continued through into the second quarter,” said SAF-Holland Chairman of the Management Board, Alexander Geis.
“Sales in comparison to the same quarter of the previous year increased by 67.2 per cent to €323 million (previous year: €193 million). The EBIT margin in the second quarter of 2021 of 7.8 per cent is even slightly above the figure for the first quarter of 7.7 per cent. This result is even more impressive when one considers that we too were affected by the significant increase in steel prices and freight charges.
“For the second half of 2021 we anticipate persistent high customer demand and a high utilisation of our production capacities. Based on the very good figures for the first half-year and the bright prospects for the third and fourth quarters, we have decided to raise the guidance for Group sales and the adjusted EBIT margin for the full financial year 2021.”