Schaeffler Group starts with good results in Q1

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Revenue at Schaeffler Group up strongly, rising by 10.4 percent at constant currency to 4.2 billion euros in first quarter / EBIT margin before special items of 8.1 percent (prior year: 6.9 percent) / Automotive Technologies increases EBIT margin substantially, outstanding first quarter at Automotive Aftermarket, Industrial generates growth in all market clusters / Free cash flow before cash in- and outflows for M&A activities of -73 million euros due to seasonal factors / Strong balance sheet – Moody’s upgrades rating

Global automotive and industrial supplier Schaeffler published its figures for the first three months of 2023. Revenue for the reporting period amounted to 4,152 million euros (prior year: 3,758 million euros), corresponding to a constant-currency increase in... ... More: Official Press Release Schaeffler

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