Posted by: Windfair Editors
Schaeffler Publishes Report for Q3
Official Press Release Schaeffler:
Earnings quality improved in third quarter, measures taken making an impact
Revenue of 10.8 billion euros for the first nine months at prior year level / EBIT margin before special items improved to 8.1 percent in Q3 / Efficiency measures are making an impact and are being consistently pushed ahead / Current year outlook confirmed for the group and the divisions
Global automotive and industrial supplier Schaeffler presented its interim report for the first nine months of 2019 today. The Schaeffler Group’s revenue for the reporting period amounts to 10,839 million euros (prior year: 10,714 million euros). At constant currency, revenue for the period decreased slightly, declining by 0.1 percent. Third-quarter revenue was up 1.2 percent at constant currency. Of the four regions, the Americas region contributed constant currency revenue growth of... ... More: Official Press Release Schaeffler
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- Schaeffler, Q3, quarter, revenue, free cash flow, H1, EBIT