Sales                                         285,620 283,411 
Adjusted gross profit                          55,985  52,261 
Adjusted gross profit margin in %                19.6    18.4 
Adjusted EBITDA                                31,042  27,508 
Adjusted EBITDA margin in %                      10.9     9.7 
Adjusted EBIT                                  21,957  18,441 
Adjusted EBIT margin in %                         7.7     6.5 
Adjusted result for the period                 14,875  11,288 
Adjusted undiluted earnings per share in EUR     0.33    0.25 
 
Net assets 
 
in EUR thousands                         03/31/2021 12/31/2020 
 
Balance sheet total                         998,598    920,486 
Equity                                      325,198    300,463 
Equity ratio in %                              32.6       32.6 
Net working capital                         138,434    114,599 
Net working capital in % of sales (LTM)        14.4       11.9 
 
Financial position 
 
in EUR thousands                                    Q1/2021  Q1/2020 
 
Cash flow from operating activities                   5,698   32,014 
Cash flow from investing activities 
(property, plant and equipment/ intangible assets)   -5,201   -6,323 
Operating free cash flow                                497   25,691 
Total free cash flow                                    497    4,056 
Cash and cash equivalents                           179,507  319,393 
Net debt                                            195,614 -256,225 
 
Employees 
 
                                 Q1/2021 Q1/2020 
 
Employees at the reporting date    3,513   3,744 
Employees (on average)             3,440   3,811

NOTE: All figures shown are rounded. Minor discrepancies may arise from additions of these amounts. Net working capital ratio = Ratio of inventories and trade receivables less trade payables to sales of last twelve months. Operating free cash flow = Net cash flow from operating activities less net cash flow from investing activities (purchase of PP&E and intangible assets less proceeds from sales of PP&E).

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 -----------------------------------------------------------------------------------------------------------------------

2021-05-12 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:  1195530 
 
End of News   DGAP News Service 
=------------

1195530 2021-05-12


 
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May 12, 2021 01:27 ET (05:27 GMT)