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SAF Holland: Europe as a great pillar

With the figures for the third quarter, SAF Holland is increasing its forecast for the full year. An EBIT margin of 5 percent to 6 percent is expected. So far, the forecast was 3 percent to 5 percent. The markets in Europe and North America are recovering significantly, which is having an impact on business. In addition, you gain in market share. Overall, the visibility for the near future is increasing.

The new forecast does not come as a complete surprise. Europe in particular is currently developing into a pillar of business. It’s almost fully booked here until January.

SAF Holland’s share price has risen by around 35 percent since the beginning of the year. From the perspective of the analysts at Deutsche Bank, the current valuation of the share is therefore okay.

The hold recommendation for the shares of SAF Holland is therefore confirmed. The price target was previously at EUR 6.00. In the new study by the experts, the target price for the shares of SAF Holland increases to 11.00 euros.

The shares of SAF Holland lose 2.2 percent at noon to 9.88 euros.

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