Brief: Saf-Holland Says Co Expects Group Sales Of Around Eur 2,000 Million For Fiscal Year 2024

Saf-Holland Se

08/05/2024 06:09

May 8 (Reuters) - Saf-Holland Se  SFQ.DE :
    * EQS-NEWS: SAF-HOLLAND WITH A SOLID START TO FISCAL YEAR
2024:
ADJUSTED EBIT MARGIN SIGNIFICANTLY IMPROVED TO 9.6 PER CENT IN
THE FIRST QUARTER – FULL-YEAR GUIDANCE CONFIRMED
    * QTRLY ADJUSTED EBIT MARGIN SIGNIFICANTLY IMPROVED TO 9.6%
(PREVIOUS YEAR: 9.0%)
    * EXPECTS GROUP SALES OF AROUND EUR 2,000 MILLION FOR FISCAL
YEAR
2024 (PREVIOUS YEAR: EUR 2,106.2 MILLION).
    * OUTLOOK FOR FISCAL YEAR 2024 CONFIRMED
    * ADJUSTED EBIT IMPROVED BY 12.0% TO EUR 48.6 MILLION IN Q1
OF
2024 (PREVIOUS YEAR: EUR 43.4 MILLION)
    * NET CASH FLOW FROM OPERATING ACTIVITIES AMOUNTED TO EUR
-6.9
MILLION IN Q1 (PREVIOUS YEAR: EUR +12.1 MILLION)
    * RESULT BEFORE TAXES IMPROVED BY 30.1% TO EUR 37.2 MILLION
IN Q1
OF 2024 (PREVIOUS YEAR: EUR 28.6 MILLION)

Source text for Eikon:  ID:nEQV39TTa 
Further company coverage:  SFQ.DE 

 ((Reuters.Briefs@thomsonreuters.com;))