Germany · Delayed Price · Currency is EUR SAF-Holland SE Earnings Call Transcripts
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.