EQS-News: SAF-HOLLAND SE
/ Key word(s): AGM/EGM
Annual General Meeting in person approves all agenda items
In his report to shareholders, Alexander Geis, CEO of SAF-HOLLAND SE, said: “The year 2022 was another year characterized by tremendous challenges and uncertainties. The corona pandemic was not yet over when Russia invaded Ukraine meaning that we were faced with another serious event that was felt by us all in our everyday lives and not only through the energy price explosion. In this difficult environment, SAF-HOLLAND performed better than we could have expected at the beginning of 2022, thanks to great flexibility and a clear focus on the needs of our customers. Despite a difficult macroeconomic environment and supply chains that, at times, were severely strained, we increased Group sales by 25.6% to a new record level of EUR 1,565.1 million. In terms of our key performance indicator for the Group, adjusted EBIT, we achieved EUR 124.6 million, compared to EUR 93.1 million in the previous year – an increase of 33.8% and an adjusted EBIT margin of 8.0%.”
With a view to the business performance in the first quarter of 2023 and the integration of Haldex, Alexander Geis commented, saying: “With sales growth of 29.9% – 10.8% excluding acquisition effects – and an adjusted EBIT margin of 9.0%, we have had a very successful start to the new financial year. Haldex’s activities have been fully integrated into a new joint organizational structure and have been seamlessly merged into one common Group structure.”
The shareholders approved all of the Management Board and Supervisory Board resolution proposals. Among others, the shareholders approved the management’s proposal to distribute a dividend of EUR 0.60 per share from the reported retained earnings of SAF-HOLLAND SE, which, based on the closing price of the SAF-HOLLAND share at the end of 2022, corresponds to an extremely attractive dividend yield of 6.8%. Shareholders also approved the proposed adjustment to the remuneration systems for the Management Board and Supervisory Board, as well as the proposal to the Annual General Meeting to elect Jurate Keblyte, who had already been court-appointed as the successor to Martina Merz, as a new member of the Supervisory Board.
The voting results of the Annual General Meeting 2023 and all accompanying documents are available on the SAF-HOLLAND SE website in the Investor Relations section under the item Annual General Meeting.
Head of Investor Relations, Corporate
Tel: +49 6095 301 803
SAF-HOLLAND SE is a leading international manufacturer of suspension-related assemblies and components for trailers, trucks and buses. The product range includes, among other things, axle and suspension systems for trailers, fifth wheels for trucks and coupling systems for trucks, semi-trailers and trailers as well as brake and EBS systems. In addition, SAF-HOLLAND develops innovative products to increase the efficiency, safety and environmental friendliness of commercial vehicles. The focus here is on the digitalization and networking of trailers as well as the electrification of axles. The products and solutions are marketed under the brands SAF, Holland, Haldex, V.Orlandi, TrailerMaster, Neway, KLL and York. SAF-HOLLAND supplies original equipment to vehicle manufacturers on six continents. In the aftermarket business, the company supplies spare parts to manufacturers' service networks as well as to wholesalers and, through an extensive global distribution network, to end customers and service centers. Around 5,900 dedicated employees worldwide are already working on the future of the transport industry. SAF-HOLLAND shares have been listed in the Prime Standard of the German Stock Exchange since 2007 and are part of the SDAX selection index. For further information, please visit www.safholland.com.
Head of Investor Relations, Corporate and ESG Communications
Phone +49 6095 301-803
23.05.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
|Phone:||+49 6095 301-617|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1639853|
|End of News||EQS News Service|
1639853 23.05.2023 CET/CEST