SAF-Holland (ETR:SFQ) Second Quarter 2024 Results
Key Financial Results
- Revenue: €507.1m (down 8.7% from 2Q 2023).
- Net income: €24.0m (up 37% from 2Q 2023).
- Profit margin: 4.7% (up from 3.2% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: €0.53 (up from €0.39 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SAF-Holland EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in Germany.
Performance of the German Auto Components industry.
The company's shares are up 1.6% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for SAF-Holland that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About XTRA:SFQ
SAF-Holland
Manufactures and supplies chassis-related assemblies and components for trailers, trucks, semi-trailers, and buses.
Undervalued with solid track record and pays a dividend.
