SAF-HOLLAND SA : 2018 organic sales growth guidance raised on strong Q3 sales momentum, adj. EBIT margin now seen at the lower end of 7-8% range
>Strong Q3 2018 sales and operational improvement in Americas - SAFH reported prelim. Q3 2018 results on 19 Oct. Group sales were up a strong 23% yoy to € 341m (organic: +15% yoy) and adj. group EBIT came in at € 27m (margin: 8.0%, +50bp yoy), although inflated by a one-off gain of € 4.4m (margin effect: +130bp) from a discontinuation of a US medical plan. Geographically, organic sales momentum was strong across all regions (Americas +19% yoy, EMEA +4% yoy, APAC/Chin...SAF Holland is engaged in inno vation and technology. Co.'s operations can be divided into three segments: Trailer Systems, Powered vehicle Systems and Aftermarket. Through the Trailer Systems segment, Co. produces axle systems, suspension systems, kingpins, and landing legs for the trailer industry. Through the Powered Vehicle Systems, Co. generates its sales primarily with fifth wheels and air suspension systems for manufacturers in the truck industry. The Aftermarket segment covers the replacement parts business in which Co. relies on a worldwide service network, partly in cooperative agreements with truck manufacturers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.