Schaeffler Kicks Off 2024 with a Strong Start: A Promising Year Ahead

• Revenue of 4.1 billion euros at constant currency and EBIT margin before special items of 7.9% at prior-year level
• Free cash flow before cash in- and outflows for M&A activities at -166 million euros due to seasonal factors
• Automotive Technologies reports growth, Vehicle Lifetime Solutions generates best quarterly earnings, Bearings & Industrial Solutions revenue declines
• Full-year guidance for 2024 confirmed
• Integration of Vitesco Technologies Group Aktiengesellschaft well on track
• Automotive Technologies division generated 1.5 billion euros in E-Mobility order intake

The next important date, Publication of quarterly financial report (as of Q1), at Schaeffler is on 07.05.2024.

The price of Schaeffler at the time of the news was 5,7350EUR and was up +0,88 % compared with the previous day.
15 minutes after the article was published, the price was 5,7300EUR this corresponds to a minus of -0,09 % since publication.
At this time, the index SDAX was at 14.559,24PKT (+0,15 %).

Schaeffler

+0,72 %

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-3,37 %

+4,90 %

-15,29 %

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-54,89 %

-55,00 %

ISIN:DE000SHA0159WKN:SHA015

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