SAF-Holland SE (SFQ.F) reported that its preliminary sales for the first nine months of fiscal year 2025 declined 9.9% to 1.309 billion euros from last year. The drop was primarily due to continued weak customer demand in the original equipment business. On an organic basis—adjusted for currency and acquisition effects—Group sales fell by 141.0 million euros or 9.7%. Currency fluctuations further impacted sales negatively by 1.8%.
Adjusted EBIT for the period decreased by 17.1% to 121.1 million euros from the prior year, mainly due to lower sales volumes.
For 2025, the company now expects group sales to range between 1.700 billion euros and 1.750 billion euros, down from the previous estimate of around 1.800 billion euros. This adjustment reflects deteriorating market conditions, particularly in North America, where uncertainty surrounding U.S. tariff policy has led to reduced purchasing activity. In the APAC region, market recovery has been slower than anticipated, with U.S.-linked customer hesitation negatively affecting business in India and Southeast Asia, especially Vietnam and Thailand. However, domestic trailer demand in India has shown moderate growth in recent months.
In Europe, the trailer market has lost momentum after a strong second quarter. Additionally, adverse currency effects continue to pressure overall sales performance. Despite these challenges, the company maintains its expectations for an adjusted EBIT margin of approximately 9.3% and an investment ratio of up to 3.0% of Group sales. These projections are contingent on stable exchange rates and broader macroeconomic and geopolitical developments, including potential changes to the United States-Mexico-Canada Agreement (USMCA).
The company will publish its quarterly statement as of September 30, 2025, on November 13, 2025.
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