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Corporate News SAF Holland Group SAF - HOLLAND : First nine months confirm positive business trend Group sales rise by 30.5 per cent to EUR 925 million in the period from January to September ( Q3 2021 : +36.2 per cent to EUR 317 million ) . • Adjusted EBIT margin of 7.7 per cent after the first nine months ( Q3 2021 : 7.7 per cent ) • Positive operating free cash flow despite demand - driven rise in net working capital • Leverage ratio scaled back further to 1.59x EBITDA Guidance for Group sales and adjusted EBIT margin confirmed for the financial year 2021 Bessenbach , November 15 , 2021. SAF - HOLLAND SE ( “ SAF - HOLLAND ” ) , one of the world's leading suppliers of trailer and truck components today published its financial figures for the first nine months of 2021 . Alexander Geis , Chairman of the Management Board of SAF - HOLLAND SE says : “ The positive business trend continued through into the third quarter . Sales in comparison to the same quarter of the previous year increased by 36.2 per cent to EUR 317 million ( previous year : EUR 232 million ) . The EBIT margin remained stable at a high level of 7.7 per cent in the third quarter of 2021. This result is even more impressive when one considers that we were still affected by the significant increase in steel prices and freight charges . " " For the fourth quarter of 2021 we anticipate customer demand for our trailer axles to remain high and that we will see high utilisation of the corresponding production capacities . At the same time , we assume that cost pressure will remain high on account of the unparalleled increase in the cost of raw materials and freight and that , as usual , we will only be able to pass on higher costs for raw materials with a time lag , " adds Alexander Geis . Adjusted EBIT margin at 7.7 per cent Group sales in the first nine months of 2021 came to EUR 924.8 million due to higher demand , marking a significant rise of 30.5 per cent on the comparable figure for the previous year of EUR 708.7 million . Currency effects amounted to EUR -24.4 million and resulted primarily from currency changes of the US dollar , the Russian rouble and the Brazilian real against the Euro . Adjusted for currency translation effects , sales improved by 33.9 per cent . Sales in the OE business increased by 34.0 per cent or EUR 168.5 million to EUR 664.5 million in the reporting period from January to September 2021. The share of Group sales accounted for by the OE business increased from 70.0 per cent to 71.9 per cent . Sales in the spare parts business increased by 22.4 per cent or EUR 47.6 million to EUR 260.3 million . The share of the spare parts business in Group sales decreased from 30.0 per cent to 28.1 per cent . Adjusted gross profit improved by 31.4 per cent to EUR 167.6 million in the first nine months of 2021 ( previous year : EUR 127.5 million ) – essentially due to sales . The adjusted gross profit margin of 18.1 per cent was slightly above the level of the comparable period of the previous year of 18.0 per cent . 1