SAF-HOLLAND SE

Earnings Release • May 17, 2011

News Details

Ad-hoc | 17 May 2011 14:26

SAF-HOLLAND S.A.: Sales increase better than expected in 2011

SAF-HOLLAND S.A. / Key word(s): Change in Forecast

17.05.2011 14:26

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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SAF-HOLLAND S.A. has raised its sales forecast for 2011. Following a
successful first quarter, management anticipates an increase of up to 25
percent for the current year. The Company had previously expected sales
growth of up to 20 percent as compared to the prior year. In financial year
2010, the Group generated sales of EUR 631.0 million. The increase will
also lead to a noticeable improvement in earnings. With a normalization of
the sales volume, however, the product and customer mix will shift toward
lower-margin standard products.

According to preliminary figures, SAF-HOLLAND generated first-quarter sales
of EUR 202.4 million (previous year: EUR 125.3 million) and an adjusted
EBIT of EUR 14.6 million (previous year: EUR 4.8 million). The complete
quarterly financial statements will be published on May 19, 2011.

Luxembourg, May 17 2011
The Board of Directors

Contact:
SAF-HOLLAND Group GmbH
Barbara Zanzinger
Hauptstraße 26
63856 Bessenbach

Phone +49 6095 301-617
barbara.zanzinger@safholland.de

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Language: English
Company: SAF-HOLLAND S.A.
68-70, boulevard de la Pétrusse
L-2320 Luxembourg
Großherzogtum Luxemburg
Phone: +49 6095 301 - 0
Fax: +49 6095 301 - 260
E-mail: info@safholland.de
Internet: www.safholland.com
ISIN: LU0307018795
WKN: A0MU70
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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