Foreword from the Management Board

The recovery of the truck and trailer industry is here. Demand has been rising consistently since January of this year. This applies to truck and trailer markets in both North America and Europe as well as all other markets in which SAF-HOLLAND is active.

At a glance

Group Sales rises by 11.8% to EUR 125.3 million, Earnings benefit from sales increase and lean cost structure, SAF-HOLLAND focuses on technical edge

The Share

The SAF-HOLLAND share started with a price of EUR 2.70 on January 4, 2010 and ended the first quarter on March 31, 2010 at EUR 1.97. The impact of the upswing on the markets was only felt in the SAF-HOLLAND share price after the conclusion of the reporting period, which then led to a significant price increase.

Significant Events

In the first quarter of 2010, SAF-HOLLAND benefited from improved demand compared to the recession year of 2009. The trailer business in particular picked up in North America and sooner than originally expected, also in Europe. Both incoming orders and, after a slight delay, sales, steadily improved over the course of the first three months of the year.