Report
Harald Eggeling

SAF-HOLLAND SE : 2021 guidance suggesting slightly more upbeat top-line momentum; new target price of € 13 (vs € 12). Neutral rating maintained

>Final 2020 results in line with preliminaries - SAF-Holland yesterday released final 2020 results that confirmed the preliminaries as of February. 2020 group sales came in at € 960m (-25% y-o-y), owing to challenging market conditions that weighed especially on Americas sales (-38% y-o-y) while the EMEA top-line was more resilient (-12% y-o-y) due to strong market positions and a high share of aftermarket sales. 2020 adj. group EBIT of € 59m reflects a stable margin ...
Underlying
SAF-HOLLAND SE

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Harald Eggeling

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