Schaeffler raises guidance after strong first half of 2021

Wind Industry Profile of

Strong revenue growth of 27.4 percent at constant currency in H1/2021, all divisions growing across all regions / Strong operating earnings (EBIT before special items) of 722 million euros (prior year: 54 million euros) with strong EBIT margin before special items of 10.3 percent driven by all three divisions / Free cash flow before cash in- and outflows for M&A activities of 243 million euros considerably better than prior year period (¬-148 million euros) / Guidance for 2021 raised following strong H1/2021 with cautious outlook for H2/2021

Global automotive and industrial supplier Schaeffler presented its interim report for the first half of 2021 today. The Schaeffler Group’s revenue for the first six months amounts to 7,014 million euros (prior year: 5,572 million... ... More: Official Press Release Schaeffler AG

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