SAF-HOLLAND raises adjusted EBIT margin forecast to 10% for 2024 due to improved product mix, cost adjustments, and Haldex acquisition synergy.

SAF-HOLLAND, a leading truck chassis components manufacturer, raises its adjusted EBIT margin forecast for fiscal 2024 to 10% from 9.0-9.5%, exceeding analysts' consensus estimate of 9.3%. The improvement is due to a better product mix, cost adjustments in EMEA and Americas, and synergy from Haldex acquisition. Group sales and capex ratio outlook remains unchanged.

June 17, 2024
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