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SAF-Holland returns to profitability, sees signs of recovery

LUXEMBOURG -- SAF-Holland S.A. enjoyed a profitable third quarter and says it’s confident its restr...


LUXEMBOURG — SAF-Holland S.A. enjoyed a profitable third quarter and says it’s confident its restructuring efforts are paying off.

 

“SAF-Holland is benefiting from the group-wide restructuring of the operating business,” said Dr. Reiner Beutel, CEO of SAF-Holland. “We are now leaner and stronger. As a global supplier of quality systems and components for the commercial vehicle industry, we are thus perfectly positioned to participate in a major way in the expected upturn in the commercial vehicle market. We are already seeing the first signs of a recovery after an unprecedented downturn in the global commercial vehicle market.”


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