DGAP-Adhoc

Schaeffler AG: Schaeffler AG publishes new full-year Guidance for 2022 - Seite 2

Guidance 2022 Autom. Aftermarket
Guidance 2022 Industrial
Guidance 2022 Revenue growth¹⁾ Moderate revenue growth;
2 to 5%-age points above LVP growth³⁾ Moderate revenue growth Considerable revenue growth EBIT margin²⁾ > 2.5%; below prior year > 12%; below prior year > 11%;
below prior year

¹⁾ at constant currency; ²⁾ before special items; ³⁾ LVP growth: global growth in production of passenger cars and light commercial vehicles

Current market assumptions for 2022

- Automotive Technologies: Light vehicle production (LVP growth) at prior year level (previous year 77.2 million vehicles)

- Automotive Aftermarket: Increase of global GDP by 3 to 3.5%

- Industrial: Increase in relevant industrial production of 3.5 to 4%

The new guidance is based on the assumption that the growth of the global economy as a whole will slow down noticeably and that this will have an impact on Schaeffler Group’s sales and procurement markets. The economic sanctions imposed against the backdrop of the war in the Ukraine, the impact on supply chains, commodities and energy prices, as well as transportation costs have been taken into account to the existing extent until year end. Influences of the coronavirus pandemic, which has not yet been overcome, on the Group’s value chain have been taken into account at the current level. With regard to China, economic activity is assumed to normalize by the end of June 2022.

The interim statement of Schaeffler AG for the first three months 2022 will be published as planned on 10 May 2022.

„Constant-currency revenue growth“, „EBIT margin (before special items)“ and „free cash flow before cash in- and outflows for M&A activities” have the meaning ascribed to them in the annual report 2021 on pages 15f and 33f, which may be retrieved under www.schaeffler.com.