The equipment specialist has shared provisional calculations for its financial performance from last year.
SAF-Holland SE generated group sales of approx. €1,877 million in fiscal year 2024 (2023: €2,106.2 million).
Group sales are below the forecast of €1,950 million published in the quarterly statement as of 30 September 2024.
“The reason for this is the continued cautious demand from trailer and truck manufacturers in the EMEA and Americas regions, combined with postponed customer call-offs due to early plant vacations, which meant that the expected upturn in sales in the fourth quarter failed to materialise, both organically and acquisition-related,” SAF-Holland said in a statement.
“By contrast, the APAC region performed slightly better than in the third quarter of 2024, benefiting from the first signs of recovery in the Indian commercial vehicle market.”
“For fiscal year 2025, SAF-Holland expects a market recovery in both the EMEA and Americas regions in the second half of 2025 at the latest. Within the APAC region, the recovery in demand should continue, particularly in the Indian trailer market, which is important for SAF-Holland.”
Meanwhile, in the US, SAF-Holland details its aftermarket strategy.
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