Cost reduction too expensive: SAF-Holland truck supplier reduces profit target for 2018 | message

Higher costs were also incurred as part of the restructuring of the production network in this region, announced Monday the company listed on the stock exchange at SDax on the preliminary figures for the second quarter in Luxembourg. As a result, SAF-Holland SA is now expecting a margin (EBIT margin) of between 7.0 and 8.0% for 2018. Previously, Luxembourgers were between 8.0 and 8%, 5%.

In contrast, SAF-Holland raised its annual sales forecast. For the current year, the supplier of the truck and bus industry expects to grow 5 to 7% of its turnover by 4 to 5%. The goals for the next two years have confirmed the company. The stock lost more than two percent in early trading

In the second quarter, sales rose 15.0% to 345.4 million euros compared to the same period last year latest. Excluding recently acquired companies, the Italian company V.Orlandi and Singapore's York Transport Equipment (Asia), as well as currency effects, revenues would have increased by 11.7%. SAF-Holland plans to publish its full report on 14 August. var initFB = true; SocialMedia = new function () {this.activateFB = function () {if (initFB) {$ (& # 39; head). append ($ (& # 39; [ad_2]
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