SAF-Holland (SFQ) Q4 2025 TU earnings summary

Executive summary

• Group sales reached €1,734 million in FY 2025, down 8% year-over-year due to weak original equipment demand, especially in the Americas and APAC, but robust aftermarket performance partially offset declines.

• Adjusted EBIT margin was 9.1% for FY 2025, compared to 9.5% in FY 2024, reflecting solid profitability despite market headwinds.

• Aftermarket business increased its share to 40% of consolidated sales, helping to offset declines in original equipment.

Financial highlights

• FY 2025 group sales were €1,734 million, down from €1,876.7 million in FY 2024, with negative FX effects of around 2% year-over-year.

• Adjusted EBIT for FY 2025 was €164 million, down from €190.5 million in FY 2024.

• Aftermarket sales reached €689 million, representing 40% of total sales.

• Investments in property, plant, and equipment and intangibles totaled €52 million, down from €57.4 million.

Outlook and guidance

• Ongoing cost discipline, Haldex synergies, and a favorable product mix are expected to support margin resilience and position the business to capitalize on market opportunities.

• Final audited figures, detailed segment information, and 2026 outlook will be published in March 2026.