Foreword from the Management BoardIn the course of dealing with the significant market decline, we have made SAF-HOLLAND leaner and stronger. We are confident that we can emerge from the current situation fitter than before and that we are well positioned to profit from the upturn in the commercial vehicle industry. |
GlobalizationWe protected our strong roots: SAF-HOLLAND remains a quality supplier in the commercial vehicle industry. Due to the product portfolio and the cost reductions, we expect to profit at a disproportionately high level when growth returns to our markets. |
Report from the Board of DirectorsIn fiscal year 2009, the Board of Directors of SAF-HOLLAND S.A. provided comprehensive support to the development of the Company. The focus was, for the most part, on the operative and financial restructuring. Thereby, the Group reacted to the massive drop in demand in Europe and additional weakness in North America as a result of the global economic and financial crisis. |
The ShareThe development of the SAF-HOLLAND share price in 2009 was, on the one hand, shaped by the mood on the capital markets and, on the other hand, clearly influenced by the Company’s negotiations with its banking syndicate on the securing of long-term financing for the Company. |
Key Figures
Sales: 419.6 Mio. EUR |
Consolidated Financial Statements
Consolidated Statement of Comprehensive Income |
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