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SAF-HOLLAND Returns to Profitability

Published Friday, November 20, 2009

SAF-HOLLAND S.A. turned the earnings corner in the third quarter, returning to positive adjusted earnings  (EBIT). The company benefited from a highly successful restructuring of its operating business with a comprehensive cost-reduction program, as well as a stabilization of sales and first signs of a return to growth in the company’s end markets.  “SAF-HOLLAND is benefiting from the group-wide restructuring of the operating business,” said Dr. Reiner Beutel, CEO of SAF-HOLLAND. “We are now leaner and stronger. As a global supplier of quality systems and components for the commercial vehicle industry, we are thus perfectly positioned to participate ...

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