SAF-HOLLAND SE
SAF-HOLLAND SE: Adjusted EBIT margin of 6.4 per cent for the third quarter of 2020 significantly better than the value for the previous year’s quarter – outlook for the full year unchanged for the time being
SAF-HOLLAND SE / Key word(s): Quarter Results SAF-HOLLAND SE: Adjusted EBIT margin of 6.4 per cent for the third quarter of 2020 significantly better than the value for the previous year’s quarter – outlook for the full year unchanged for the time being The positive development of the adjusted EBIT margin is primarily based on the high-margin spare parts business, which is less affected by economic cycles, as well as on significant savings in selling and administrative costs. In light of the recent sudden rise in the number of COVID-19 infections, business development in the fourth quarter is subject to major uncertainties. Consequently, the Management Board of SAF-HOLLAND SE has decided not to adjust the outlook for the full year 2020 at present. However, if the business climate continues to improve as it has in recent weeks, an adjusted EBIT margin above the currently expected range of 3 to 5 per cent is feasible. SAF-HOLLAND will publish the complete quarterly statement as at September 30, 2020 on November 18, 2020.
Contact: Michael Schickling Head of Investor Relations and Corporate Communications SAF-HOLLAND SE Hauptstraße 26 63856 Bessenbach Phone +49 6095 301-617 michael.schickling@safholland.de
20-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | SAF-HOLLAND SE |
Hauptstraße 26 | |
63856 Bessenbach | |
Germany | |
Phone: | +496095301117 |
Fax: | +49 6095 301 – 260 |
E-mail: | ir@safholland.de |
Internet: | www.safholland.com |
ISIN: | DE000SAFH001 |
WKN: | SAFH00 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1141966 |
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