2021-04-14
http://w3.windfair.us/wind-energy/news/36971-schaeffler-revenue-ebit-cash-flow-quarter-covid-19-results

Schaeffler Group Weathers Crisis in 2020 Well

Image: SchaefflerImage: Schaeffler
Schaeffler Group has published its results for the COVID-19 ravaged 2020.

Official Press Release Schaeffler:

Schaeffler closes 2020 with strong fourth quarter

Wind Industry Profile of
Schaeffler closes 2020 with strong fourth quarter

Schaeffler Group weathers crisis well despite constant currency revenue decline of 10.4 percent / Diversification with three divisions and four regions drives operating earnings (EBIT margin before special items at 6.4 percent; prior year: 8.1 percent) / Free cash flow before cash in- and outflows for M&A activities of 539 million euros ahead of prior year (prior year: 473 million euros) / Proposed dividend of 25 cents per common non-voting share / Guidance based on cautious market assessment

Global automotive and industrial supplier Schaeffler presented its results for 2020 today. The global coronavirus pandemic resulted in a significant revenue decline. The Schaeffler Group’s revenue amounted to approximately 12.6 billion euros (prior year: approximately 14.4 billion... ... More: Official Press Release Schaeffler

Keywords:
Schaeffler, revenue, EBIT, cash flow, quarter, COVID-19, results







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