SAF-HOLLAND SE, a global supplier of trailer and truck components, reported preliminary unaudited results for fiscal year 2025 showing resilience in challenging market conditions. Group sales declined approximately 8% to around EUR 1,734 million compared to EUR 1,876.7 million in the previous year, primarily due to significantly reduced demand in original equipment markets across the Americas and APAC regions.
The company's adjusted EBIT margin remained solid at 9.5%, down from 10.1% in fiscal year 2024, with adjusted EBIT reaching approximately EUR 164 million compared to EUR 190.5 million previously. This performance was achieved despite negative currency effects and higher restructuring expenses, offset by consistent cost structure adjustments, favorable product mix, and continued realization of synergy effects from the Haldex integration.
A key factor in maintaining profitability was the increased share of aftermarket business, which grew to approximately 40% of consolidated sales, representing around EUR 689 million. This more resilient segment helped offset declines in original equipment business, which accounted for approximately 60% of group sales at around EUR 1,045 million. The original equipment trailer segment generated sales of about EUR 834 million, while the truck original equipment business contributed approximately EUR 211 million.
Regionally, the EMEA region maintained its position as the largest sales region with approximately 51% share of group sales, generating revenue of around EUR 884 million. The Americas region experienced a significant 13% sales decline to approximately EUR 649 million, primarily due to investment restraint related to US tariff policy affecting truck and trailer original equipment markets. Despite this, the region achieved an adjusted EBIT margin of 10.8%. The APAC region saw sales decline approximately 18% to around EUR 201 million due to weak demand in India and Southeast Asia, but maintained double-digit profitability with a 10.8% adjusted EBIT margin.
SAF-HOLLAND adjusted its investment activities in response to market conditions, with investments in property, plant, equipment and intangible assets totaling approximately EUR 52 million, representing an investment ratio of about 3.0% of group sales. Investments focused on production efficiency measures, integration of the Gunite product portfolio in the US, preparations for the new production site in Rowlett, Texas, and targeted capacity expansions.
Alexander Geis, Chairman of the Management Board and CEO, stated that the company demonstrated resilience through consistent cost management, structural adjustments, and increased aftermarket business share. Frank Lorenz-Dietz, Member of the Management Board and CFO, emphasized the focus on earnings quality and financial stability in the challenging environment. The company will publish final audited figures, sustainability report, outlook for fiscal year 2026, and dividend proposal in its annual report on March 19, 2026, available through www.safholland.com.
The preliminary results indicate SAF-HOLLAND's ability to maintain operational stability during market downturns, with implications for commercial vehicle industry stakeholders monitoring supplier resilience. The increased aftermarket business share suggests strategic positioning for economic cycles, while regional performance variations highlight geographic market sensitivities. The company's disciplined investment approach during challenging conditions demonstrates financial prudence that could influence industry investment patterns.
