Automotive and Industrial Supplier Schaeffler Confirms Group Guidance

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Global automotive and industrial supplier Schaeffler reconfirmed its guidance today for the 2018 financial year at group level.

According to that guidance, Schaeffler is forecasting revenue growth of 5 to 6 percent at constant currency, an EBIT margin before special items of 10.5 to 11.5 percent, and free cash flow before inflows and outflows for M&A activities of approximately EUR 450 million. Based on current projections, Schaeffler is now forecasting the Automotive OEM division’s revenue to grow by 4.5 to 5.5 percent at constant currency (previously 6 to 7 percent), reflecting market conditions. This adjustment is driven by lower demand in the regions Greater China and Europe. At the same time, the group is now forecasting its Industrial division’s... ... More: Official Press Release Schaeffler

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Schaeffler, supplier, guidance, confirmation, industry, automotive