DGAP-Adhoc

Schaeffler AG: Schaeffler AG publishes new full-year Guidance for 2022

DGAP-Ad-hoc: Schaeffler AG / Key word(s): Forecast Schaeffler AG: Schaeffler AG publishes new full-year Guidance for 2022 09-May-2022 / 19:55 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Schaeffler AG publishes new full-year Guidance for 2022

HERZOGENAURACH | 9 May 2022 | The Board of Managing Directors of Schaeffler AG (ISIN DE000SHA0159, WKN SHA015) today agreed on a new full-year guidance for 2022 based on the most current information on business performance. On 8 March 2022, the Board of Managing Directors of Schaeffler AG had suspended the full-year guidance 2022 adopted on 22 February 2022, when the annual financial statements were prepared, due to the developments in Ukraine in the days following the approval of the annual financial statements.

The Schaeffler Group expects its full-year revenue to grow by 6 to 8 percent at constant currency in 2022. In addition, the Schaeffler Group expects to generate a full-year EBIT margin (before special items) of 5 to 7 percent in 2022. The Schaeffler Group also anticipates more than 250 million euros in free cash flow before cash in- and outflows for M&A activities for 2022 but below previous year.
 

Schaeffler Group	Guidance 2022
Revenue growth1)	6 to 8%
EBIT margin2)	5 to 7%
Free cash flow 3)	> EUR 250m below prior year

¹⁾ at constant currency; ²⁾ before special items; ³⁾ before cash in- and outflows for M&A activities

The key figures for the three divisions are as follows:

Divisions

Autom. Technologies