SAF-HOLLAND SE Lowers Sales Forecast Amid Market Challenges

SAF-HOLLAND SE has revised its sales forecast for 2025 due to anticipated weaker demand. The North American truck market, vital for the company, has seen declining conditions influenced by U.S. tariff policies, leading to decreased purchasing activity. Additionally, market recovery in the APAC region has lagged, particularly impacting India and Southeast Asia, though domestic demand for trailers in India remains somewhat positive.

European trailer market momentum from earlier this year has diminished. Negative currency impacts further strain sales projections, prompting a revised target of EUR 1,700 to 1,750 million, down from the previous EUR 1,800 million. Despite these adjustments, the expected EBIT margin of 9.3% stands firm.

Sales fell by 9.9% in the first nine months of 2025, attributed to ongoing weak original equipment demand. Nonetheless, free operating cash flow showed a notable increase in the third quarter, nearly matching last year's figures.