SAF-Holland looks forward with optimism

SAF-Holland SE CEO, Alexander Geis.

Despite geopolitical and macroeconomic conditions, SAF-Holland exceeded its financial forecast figures.

In a report to shareholders, Alexander Geis, SAF-Holland SE CEO, confirmed the war in Ukraine, conflict in the Middle East and high inflation presented the supplier of truck and trailer components with challenges.

In FY2023, SAF-Holland achieved new records for sales and profitability. It increased group sales by 34.6 per cent to €2.1 billion and experienced a boost in the share of the aftermarket business following the acquisition of Haldex.

Looking further ahead at Q1 2024 and the outlook for FY2024, Geis said sales growth of 5.2 per cent to 505.4 million demonstrates the robustness of the company’s business model with its strong aftermarket business and pronounced ability to adjust costs even in a weaker market environment.

“We are therefore optimistic about the rest of the year,” he said.

Earlier this year, SAF-Holland announced plans to build a new fifth wheel manufacturing facility in the US.

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