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    SFQ   DE000SAFH001

SAF-HOLLAND SE

(SFQ)
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PRESS RELEASE: SAF-HOLLAND SE: First Annual General Meeting after the transfer of the registered office successfully concluded

06/11/2021 | 03:51am EDT
DGAP-News: SAF-HOLLAND SE / Key word(s): AGM/EGM 
SAF-HOLLAND SE: First Annual General Meeting after the transfer of the registered office successfully concluded 
2021-06-11 / 09:49 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
SAF-HOLLAND SE: First Annual General Meeting after the transfer of the registered office successfully concluded 
 
Bessenbach, June 11, 2021. SAF-HOLLAND SE ("SAF-HOLLAND"), one of the world's leading suppliers of trailer and truck 
components, successfully concluded its first Annual General Meeting after the transfer of the registered office from 
Luxembourg to Germany. Against the backdrop of the ongoing COVID-19 pandemic, the Annual General Meeting on June 10, 
2021 was held as a virtual Annual General Meeting without the shareholders being physically present. 
In his report to the shareholders, Alexander Geis, CEO of SAF-HOLLAND SE says: "We achieved a very solid performance 
within a very challenging environment. Once again, our robust and seminal business model has paid off. In addition to 
our strong market position in the core markets of Europe and North America, it was our profitable spare parts business 
that had a stabilising effect on earnings. Our effective crisis management also played a major role in us closing 
financial year 2020 better than expected at the beginning of the COVID-19 pandemic." 
In this regard, the CEO also showed his appreciation for the performance of the more than 3,000 employees over the past 
year: "The entire workforce of the SAF-HOLLAND Group displayed tremendous team spirit and dedication in this 
challenging year. As a result, we managed to flexibly adapt our production to meet customer demand and ensure our 
delivery capability." 
Turning to the development of business in the first quarter of 2021 and Strategy 2025, Alexander Geis stated, "We have 
also had a very good start to the new financial year. Incoming orders continue to develop in a very pleasing fashion. 
For example, in the EMEA region, the axle plants in Bessenbach and Düzce (Turkey) are, in the meantime, fully booked to 
almost the end of the year. For this reason, all three plants ramped up from two-shift operation to three-shifts in 
April and May. The production teams are currently working on expanding capacity further in order to meet customer 
demand. Our focus in the coming years lies on raising the value of the company for the long term and includes: 
profitable sales growth, raising the adjusted EBIT margin to around 8 per cent by 2023 at the latest, improving the 
generation of cash flow and optimising the leverage ratio. 
In her speech, Inka Koljonen, the CFO of SAF-HOLLAND SE, emphasized: "In a challenging market environment, we managed 
to improve operating free cash flow from EUR 43.8 million to EUR 114.2 million and reduce net financial debt by EUR 
55.0 million or 21.8 per cent to EUR 196.7 million. As a result, the leverage ratio, measured as the ratio of net 
financial debt to unadjusted EBITDA, improved from 2.85 to 2.40. We are therefore in a position where we can rigorously 
implement our Strategy 2025 and, if the opportunity arises, consider pursuing a course of investing in further growth." 
With an attendance of 60.05 per cent, the Annual General Meeting of SAF-HOLLAND SE met with great interest. Apart from 
one exception, all of the resolutions proposed by the Management Board and the Supervisory Board were passed with a 
large majority. In doing so, the shareholders followed the proposal of management to retain the profit of SAF-HOLLAND 
SE in full and approved the remuneration system for the members of the Management Board, which complies with the 
statutory provisions of the Second Shareholders' Rights Directive (SRD II) and considers the recommendations of the 
amendments to the German Corporate Governance Code. For the first time the remuneration system also includes 
sustainability and ESG targets. 
The voting results at the Annual General Meeting and all accompanying documents can be found on the website of 
SAF-HOLLAND SE under Annual General Meeting in the Investor Relations section. 
https://corporate.safholland.com/en/investor-relations/general-meeting/annual-general-meeting/2021 
About SAF-HOLLAND 
SAF-HOLLAND SE, located in Bessenbach, is one of the leading international manufacturers of chassis-related assemblies 
and components, primarily for trailers and trucks. In addition to axle and suspension systems, the product range 
includes fifth wheels, coupling systems, kingpins and landing gear, which are sold under the SAF, Holland, Neway, KLL, 
V.Orlandi and York brands. SAF-HOLLAND supplies original equipment manufacturers (OEM) on six continents. In the 
Aftermarket business, the Company supplies replacement parts to manufacturers' service networks (OES), wholesalers, 
and, with the help of distribution centers, to end customers and service centers via an extensive global sales network. 
With the innovation offensive "SMART STEEL - ENGINEER BUILD CONNECT", SAF-HOLLAND combines mechanics with sensors and 
electronics and is driving forward the digital networking of commercial vehicles and logistics chains. Around 3,000 
committed employees worldwide are already working on the future of the transport industry today. Further information is 
available at: https://corporate.safholland.com/en 
Contact 
Michael Schickling 
Head of Investor Relations and Corporate Communications 
Tel: +49 (0) 6095 301 617 
michael.schickling@safholland.de 
 
Future-oriented statements 
This press release contains certain future-oriented statements that are based on current assumptions and forecasts made 
by the management of SAF-HOLLAND SE. Various known and unknown risks, uncertainties and other factors may lead to the 
actual results, financial position, development or performance of the company deviating considerably from the 
appraisals specified here. The company assumes no obligation to update future-oriented statements of this nature or 
adapt them to future events or developments. 
Note 
This announcement is for information purposes only and does neither constitute an offer to sell, purchase, exchange or 
transfer any securities nor a solicitation of any offer to sell, purchase, exchange or transfer any securities. The 
securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as 
amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption 
from registration under the Securities Act. SAF-HOLLAND SE does not intend to register any securities referred to 
herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the 
United States in connection with this announcement. 
Contact: 
Michael Schickling 
Head of Investor Relations and Corporate Communications 
SAF-HOLLAND SE 
Hauptstraße 26 
63856 Bessenbach 
Phone +49 6095 301-617 
michael.schickling@safholland.de 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-11 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      SAF-HOLLAND SE 
              Hauptstraße 26 
              63856 Bessenbach 
              Germany 
Phone:        +496095301117 
Fax:          +49 6095 301 - 260 
E-mail:       ir@safholland.de 
Internet:     www.safholland.com 
ISIN:         DE000SAFH001 
WKN:          SAFH00 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1207048 
 
End of News   DGAP News Service 
=------------ 

1207048 2021-06-11

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1207048&application_name=news 
 

(END) Dow Jones Newswires

June 11, 2021 03:50 ET (07:50 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.21% 33874.24 Delayed Quote.10.91%
SAF-HOLLAND SE -2.89% 12.1 Delayed Quote.11.25%
SDAX -0.96% 15918.24 Delayed Quote.8.86%
US DOLLAR / TURKISH LIRA (USD/TRY) -0.08% 8.6361 Delayed Quote.18.20%
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Financials
Sales 2021 1 118 M 1 336 M 1 336 M
Net income 2021 45,0 M 53,8 M 53,8 M
Net Debt 2021 148 M 177 M 177 M
P/E ratio 2021 12,6x
Yield 2021 3,39%
Capitalization 566 M 676 M 676 M
EV / Sales 2021 0,64x
EV / Sales 2022 0,57x
Nbr of Employees 3 513
Free-Float 100%
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 12,46 €
Average target price 15,14 €
Spread / Average Target 21,5%
EPS Revisions
Managers and Directors
NameTitle
Alexander Geis Chief Executive Officer
Inka Koljonen Chief Financial Officer
Martin Kleinschmitt Chairman
AndrÚ Philipp Chief Operating Officer
Martina Merz Vice Chairman
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