Saf Holland SA Confirms FY 2011 Guidance

SAF HOLLAND SA announced that the Company has confirmed its forecast for the fiscal year 2011. The Company maintains its expectation to achieve a sales increase of up to 25% for full year 2011 as compared to fiscal year 2010. Earnings will also improve considerably. In light of a changed customer and product mix and current increases in material prices, growth in the adjusted EBIT margin will not keep pace with the growth in sales. For fiscal year 2010, the Company reported sales of EUR 631.05 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report sales of EUR 799.28 million for fiscal year 2011.