SAF-Holland has released preliminary Q2 2022 results, with all three regions driving record sales.
The equipment specialist increased group sales in the second quarter by 25.1 per cent from €323 million to €404 million compared to the same quarter of the previous year.
SAF-Holland’s adjusted EBIT also improved by 28.5 per cent to €32.1 million, corresponding to an adjusted EBIT margin of eight per cent.
Based on these figures, the company’s Management Board has decided to increase the forecast for group sales and the adjusted EBIT margin for the financial year.
“Based on the existing order backlog and the expected macroeconomic and industry-specific conditions, as well as weighing up the potential risks and opportunities, the Management Board now expects Group sales for the 2022 financial year to be in the range of EUR 1.4 billion to EUR 1.5 billion,” it said in a statement.
In order to support the strategic goals, the company will continue to plan for investments in the range of two per cent to 2.5 per cent of turnover for the 2022 financial year.