Report
Klaus Ringel ...
  • Michael Foundoukidis

SAF-HOLLAND SE : A mispriced asset with a lot of upside from here

>Q2/H1 2023 results were surprisingly strong - SAF-Holland released better than expected Q2/H1 2023 results 10 days ago. Q2 2023 group sales were 3-5% ahead of ODDO BHF and consensus expectations with a strong organic growth rate of +11.4%. Regionally, top-line growth is driven by the Americas (+62% y-o-y) and APAC (+86%), while reported sales growth in EMEA is +13%. SAF-Holland shared that organic sales growth in EMEA is slightly negative in Q2 2023, but that they ha...
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
Klaus Ringel

Michael Foundoukidis

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