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SAF-HOLLAND Generates Record Earnings in 1Q

Published Monday, May 19, 2008

SAF-HOLLAND S.A. reported record earnings in the first quarter of 2008. The adjusted EBIT margin achieved the target corridor of 8 to 8.5 percent for 2008 and the Group reconfirmed its sales and earnings forecast for financial year 2008. "SAF-HOLLAND profited from its solid market position in Europe and high growth in the trailer business,” said Rudi Ludwig, CEO of SAF-HOLLAND S.A. “The agreement a new credit line also confirms the high level of trust banks place in the performance, market position, and strategic orientation of the Group." SAF-HOLLAND increased Group sales in the first quarter of 2008 ...

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