Sales Development by Business Unit (first to third quarter)
Q1Q3/2009
(exchange
rate-
in EUR million Q1Q3/2009 adjusted) Q1Q3/2008
Trailer Systems 130.5 41.2% 126.4 42.2% 451.3 69.9%
Powered Vehicle Systems 73.0 23.1% 66.6 22.2% 60.4 9.3%
Aftermarket 112.9 35.7% 106.7 35.6% 134.6 20.8%
Total 316.4 100.0% 299.7 100.0% 646.3 100.0%
Sales Development by Business Unit (third quarter)
Q3/2009
(exchange
rate-
in EUR million Q3/2009 adjusted) Q3/2008
Trailer Systems 41.0 39.7% 40.4 40.4% 123.5 65.6%
Powered Vehicle Systems 24.1 23.4% 22.9 22.9% 23.4 12.4%
Aftermarket 38.0 36.9% 36.7 36.7% 41.4 22.0%
Total 103.1 100.0% 100.0 100.0% 188.3 100.0%
II.4 Earnings Development
SAF-HOLLAND turned the corner on the earnings side in the third quarter, returning to
positive adjusted EBIT. The cost reduction and improved efficiency measures introduced in
2008 had a particularly positive effect in the third quarter. Adjusted EBIT reached EUR 2.5
million which, against the backdrop of a stable sales development, was a considerable
increase as compared to the second quarter. Based on sales of EUR -0.8 million in the second
quarter, we therefore recorded an increase of EUR 3.3 million.
Comparison of Quarters
in EUR million Q3/2009 Q2/2009 Q1/2009 Total
Sales 103.1 101.2 112.1 316.4
Adjusted EBIT 2.5 -0.8 -0.5 1.2
In % of sales 2.4 -0.8 -0.4 0.4
The Company benefited from the successful restructuring of the operating business with
a comprehensive cost reduction program as well as a from stabilization in sales. Adjusted
EBIT in the first nine months of the year was at EUR 1.2 million. The gross margin of 16.8%
stayed stable at the level of the previous year and is a strong indication of the success of
the adjustments we are making.
12 Group Interim Management Report >>
08 19 Konzernlagebericht >>
02 >>
SAF-HOLLAND 08 >>
Interim Management Report 20 >>
Interim Financial Report 38 >>
Additional Information