Brief: Saf-Holland Proposes Dividend Of Eur 0.85 Per Share

Saf-Holland Se

14/03/2024 06:09

March 14 (Reuters) - SAF-HOLLAND SE  SFQ.DE :
    * RECORD YEAR AND SIGNIFICANTLY INCREASED DIVIDEND PROPOSAL
    * DIVIDEND OF EUR 0.85 PER SHARE PROPOSED (PREVIOUS YEAR:
EUR
0.60)
    * GROUP SALES INCREASE BY +34.6% TO A NEW RECORD LEVEL OF
EUR
2,106.2 MILLION
    * NET PROFIT FOR PERIOD OF EUR 80.5 MILLION IN 2023 FISCAL
YEAR
(PREVIOUS YEAR: EUR 61.2 MILLION)
    * EXPECTS SAF-HOLLAND GROUP TO GENERATE GROUP SALES OF
AROUND EUR
2,000 MILLION IN FISCAL YEAR 2024 (PREVIOUS YEAR: EUR 2,106.2
MILLION)
    * IT IS EXPECTED THAT LOWER SALES VOLUMES AS WELL AS
INCREASED
WAGE, IT AND FREIGHT COSTS WILL AFFECT PROFITABILITY IN 2024
    * ANTICIPATES AN ADJUSTED EBIT MARGIN FOR GROUP OF BETWEEN
9.0%
AND 9.5% (PREVIOUS YEAR: 9.6%)
    * PLANNING AN INVESTMENT RATIO OF UP TO 3% OF CONSOLIDATED
SALES
FOR 2024 FISCAL YEAR (PREVIOUS YEAR: 2.9%)

Source text for Eikon:  ID:nEQ9pZsQna 
Further company coverage:  SFQ.DE 

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