Posted by: Windfair Editors
Schaeffler delivers strong Q3 performance
Official Press Release Schaeffler AG:
Schaeffler delivers encouraging strong 3rd quarter in difficult environment
Third-quarter revenue up 20.2 percent from prior year at constant currency, third-quarter EBIT margin before special items at 8.4 percent (prior year: 7.8 percent) / Automotive Technologies delivers strong constant-currency revenue increase of 25.2 percent in third quarter of 2022 due to increased volumes / Automotive Aftermarket revenue benefits from high market demand / Industrial with excellent performance during the reporting period, delivering adjusted EBIT margin of 12.5 percent and contributing nearly 50 percent of earnings / Positive free cash flow before cash in- and outflows for M&A activities 240 million euros in third quarter of 2022 (prior year quarter: 225 million euros) / Full-year guidance for 2022 confirmed
Global automotive and industrial supplier Schaeffler... ... More: Official Press Release Schaeffler AG
- Keywords:
- Schaeffler, quarter, performance, market, supplier, guidance