2021-10-16
http://w3.windfair.us/wind-energy/news/37586-schaeffler-guidance-automotive-technologies-china-growth-covid-19-m-a-revenue-quarter-q1

Schaeffler Publishes Q1 Results

Image: SchaefflerImage: Schaeffler
After a slump because of COVID-19, the revenue of Schaeffler raises.

Official Press Release Schaeffler AG:

Schaeffler Group raises guidance for 2021

Wind Industry Profile of
Schaeffler Group raises guidance for 2021

Considerable recovery of Automotive Technologies and rapid growth in China drive up group revenue by 11.2 percent at constant currency / Economies of scale result in extraordinarily strong EBIT margin before special items of 11.3 percent (prior year: 6.5 percent) / Free cash flow before for M&A activities of 130 million euros at prior year level (137 million euros) despite higher restructuring expenditures / Full-year guidance for 2021 adjusted upward

Global automotive and industrial supplier Schaeffler presented its interim statement for the first three months of 2021 today. The Schaeffler Group’s revenue for the reporting period amounted to 3,560 million euros (prior year: 3,281 million euros). The constant-currency increase by 11.2 percent is mainly attributable to the... ... More: Official Press Release Schaeffler AG

Keywords:
Schaeffler, guidance, Automotive Technologies, China, growth, COVID-19, M&A, revenue, quarter, Q1







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