Germany's SAF-Holland Q1 sales rise 0.6%, cash flow jumps

Saf-Holland Se

07/05/2026 06:12

Overview

Germany trailer and truck parts maker's Q1 sales rose 0.6% yr/yr

Adjusted EBIT margin for Q1 was 9.4%, nearly flat from prior year

Operating free cash flow rose sharply, driven by strict inventory management and improved payment terms

Outlook

SAF-HOLLAND confirms 2026 group sales outlook at EUR 1,700 mln to EUR 1,850 mln

Company expects 2026 adjusted EBIT margin between 9% and 10%

SAF-HOLLAND expects 2026 capital expenditure ratio up to 3% of group sales

Result Drivers

REGIONAL DEMAND - Improved demand momentum in EMEA and APAC supported sales growth, while Americas sales declined due to market uncertainty

EFFICIENCY PROGRAM - Initial positive effects from the efficiency program in administrative and sales areas offset negative regional mix effects on earnings

FINANCIAL RESULT - Significantly improved financial result, including positive foreign exchange effects and lower interest expenses, boosted net profit and EPS

Company press release: ID:nEQ7fzYDPa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
EUR 451.70 mln
EUR 442 mln (1 Analyst)
Q1 Adjusted EBIT Margin
9.40%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

Wall Street's median 12-month price target for Saf-Holland Se is €18.75, about 3.4% above its May 6 closing price of €18.14

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)