Foreword from the Management BoardMost importantly, our fundamental market focus is on target. In the short term, of course, given the general economic weakness, the demand from our customers in the truck and trailer industry has significantly declined. Over the long term, however, we see a clear growth trend. |
StrategySAF-HOLLAND S.A. has a clear business strategy geared at profiting from global markets, while simultaneously bracing itself for economic volatility. The strengthening of our market position, innovativeness, and productivity serves our paramount goal – to be a valuable and reliable partner for our customers over the long term. |
Overview of Business DevelopmentEconomic growth slowed dramatically around the world over the course of 2008 and declined particularly sharply in the fourth quarter. Germany and the USA have experienced negative economic growth since the summer. |
Events after the Balance Sheet DateDiscussions which were initiated in October with the leaders of a bank consortium, UniCredit and Dresdner Kleinwort, regarding the new agreement for a credit line of EUR 325 million adjusted to the current market situation continued as of the end of fiscal year 2008. |
Key Figures
Sales: 798.8 Mio. EUR |
Consolidated Financial Statements
Consolidated Income Statement |
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