DGAP-News: SAF-HOLLAND S.A.: Rating increase by Euler

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News Desk 2018

Sep 24, 2013 at 5:00 AM

DGAP-News: SAF-HOLLAND S.A.: Rating increase by Euler Hermes to BBB, outlook stable

DGAP-News: SAF-HOLLAND S.A. / Key word(s): Study SAF-HOLLAND S.A.: Rating increase by Euler Hermes to BBB, outlook stable 24.09.2013 / 10:39 --------------------------------------------------------------------- SAF-HOLLAND: Rating increase by Euler Hermes to BBB, outlook stable * Strong improvement in capital structure after capital measures in 2012 * Positive evaluation of high market shares in Europe and North America * Stable economic conditions in core markets expected * Business Unit Aftermarket stabilizes Group result Luxemburg, September 24, 2013 - The rating agency Euler Hermes increased its rating for the globally active supplier to the truck and trailer industry, SAF-HOLLAND, from BBB- to BBB. For the next twelve months a stable development of the rating is expected. In explaining its position for the rating increase Euler Hermes cites the strong improvement in capital structure of the Group after refinancing, placement of the bond and capital increase during financial year 2012. In addition, the high market shares in Europe and North America were assessed positively. The combination of the global service network of the Business Unit Aftermarket with the global production network of the Group led to further improvements of the good market positions of the Business Units Trailer Systems and Powered Vehicles Systems in 2012. The positive order situation of these segments and the expected stable economic conditions in the core markets of SAF-HOLLAND will result according to Euler Hermes to an increasing market penetration for all Business Units. Furthermore, it was evaluated positively that with the increasing share of the less cyclical Business Unit Aftermarket Business the Group's results will be more stabilized. 'For us, the rating increase from BBB- to BBB, outlook stable confirms, that we are on the right way with our solid capital structure and the consequent implementation of our strategy to further explore our markets', says Wilfried Trepels, CFO of SAF-HOLLAND. Company Profile: With turnover of approximately EUR 860 million in 2012 and more than 3,000 employees, SAF-HOLLAND S.A. is one of the world's leading manufacturers and suppliers of premium product systems and components primarily for trailers as well as trucks, buses and recreational vehicles. The product range encompasses axle and suspension systems for trailers, coupling devices, kingpins and landing legs. SAF-HOLLAND sells its products on six continents to Original Equipment Manufacturers (OEMs) in the replacement parts market and, in the aftermarket business, to the OEM's Original Equipment Suppliers (OESs), as well as by means of a global service and distribution network. Through this network, SAF-HOLLAND re-sells its products to end users and service centers. SAF-HOLLAND has thus established itself as one of the few manufacturers in its sector that is internationally positioned with an extensive product range and a broad service network. SAF-HOLLAND S.A. is listed in the Prime Standard of the Frankfurt Stock Exchange and is among the stocks in the SDAX (ISIN: LU0307018795). Contact: SAF-HOLLAND GmbH Claudia Hoellen HauptstraÃ?e 26 63856 Bessenbach Phone +49 6095 301-617 claudia.hoellensafholland.de End of Corporate News --------------------------------------------------------------------- 24.09.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: SAF-HOLLAND S.A. 68-70, boulevard de la PÃ©trusse L-2320 Luxembourg Grand Duchy of Luxembourg Phone: +49 6095 301 - 0 Fax: +49 6095 301 - 260 E-mail: info@safholland.de Internet: www.safholland.com ISIN: LU0307018795, DE000A1HA979, WKN: A0MU70, A1HA97 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÃ¼sseldorf, Hamburg, MÃ¼nchen, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 231558 24.09.2013

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