Germany · Delayed Price · Currency is EUR SAF-Holland SE Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 5.6% organic sales growth to EUR 452 million, with strong cash flow and resilient margins, driven by EMEA and APAC recovery. Guidance for 2026 is unchanged, with stable outlook despite geopolitical and FX headwinds.
Fiscal Year 2025
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Sales declined 6.5% organically to EUR 1.73 billion, but profitability remained strong with a 9.5% adjusted EBIT margin and robust cash flow. Aftermarket business offset weak OE demand, and 2026 guidance anticipates stable to positive trends in EMEA and APAC, with continued margin resilience.
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Q3 2025 saw a 5% sales decline year-over-year, but profitability and cash flow remained solid, with a 9.1% adjusted EBIT margin and strong aftermarket performance. Full-year sales guidance was revised down to EUR 1.7–1.75 billion amid ongoing market and tariff uncertainties, while a EUR 40 million share buyback was announced.
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Q2 2025 saw a 13% year-over-year sales decline, mainly from weak North American and APAC markets and tariff costs, but profitability remained solid with a 9.1% adjusted EBIT margin. Guidance for 2025 was revised down, with EMEA and aftermarket business providing stability.
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Q1 2025 saw sales decline 11% year-over-year, but profitability remained solid with a 9.5% adjusted EBIT margin and improved EBITDA margin. Guidance for 2025 is unchanged, with anticipated recovery in EMEA and stable financial metrics despite ongoing market uncertainties.
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Ambitious 2030 targets include exceeding €3 billion in sales, 10–12% EBIT margin, and expansion into adjacent industries. Strong regional performance, innovation in electrification and digitalization, and a resilient aftermarket drive growth, supported by robust M&A and sustainability initiatives.
Fiscal Year 2024
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Sales declined 11% to EUR 1.88 billion in 2024, but record profitability was achieved with a 10.1% adjusted EBIT margin. Aftermarket growth and acquisitions offset OE weakness, and 2025 guidance anticipates stable aftermarket, sales of EUR 1.85–2 billion, and a 9–10% EBIT margin.
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Q3 2024 saw sales decline 20.4% year-over-year, but profitability remained strong with a 9.8% adjusted EBIT margin, supported by robust aftermarket business and recent acquisitions. Full-year sales guidance was lowered to €1.95 billion, with a stable margin outlook and continued focus on cost discipline and deleveraging.
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Profitability improved in Q2 2024 despite an 8.7% sales decline, with a strong aftermarket business and cost discipline driving a 10.7% adjusted EBIT margin. Guidance for 2024 EBIT margin was raised to around 10%, while sales are forecast at EUR 2 billion.