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SAF-HOLLAND Achieves Record Sales in 2023, Annual Meeting Endorses All Items

SAF-HOLLAND SE, a prominent supplier of trailer and truck components, concluded its 2024 Annual General Meeting with resounding success. Shareholders approved all proposed items, including a significant dividend increase to €0.85 per share and the confirmation of all Supervisory Board members.

CEO Alexander Geis highlighted the company's robust performance despite challenging geopolitical and macroeconomic conditions in 2023. Group sales saw a substantial rise of 34.6% to €2.1 billion, with the adjusted EBIT margin improving from 8.0% to 9.6%. The acquisition of Haldex notably boosted the aftermarket business.

For Q1 2024, SAF-HOLLAND reported a 5.2% increase in sales to €505.4 million and maintained an adjusted EBIT margin of 9.6%. Geis expressed optimism for the rest of the year, citing the business model's resilience.

With a 61.1% attendance rate, the meeting also approved proposals to increase share capital and issue various bonds. The Supervisory Board, chaired by Dr. Martin Kleinschmitt, was confirmed in office until 2028.

R. P.

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