Today, 1 October, Schaeffler has successfully completed the merger with Vitesco, that was announced almost a year ago. At the same time, the conversion of Schaeffler’s non-voting common shares into common shares with full voting rights was completed. With that, Schaeffler has successfully completed the transaction with Vitesco – as announced – in the fourth quarter of 2024.
Schaeffler AG published its results for the first quarter of 2024 today. Revenue for the first three months was 4,085 million euros and thus remained approximately flat with prior year at constant currency (4,152 million euros). Revenue declines at Bearings & Industrial Solutions division were offset by growth at the Automotive Technologies division and the Vehicle Lifetime Solutions division.
Sustainability is extremely important to Schaeffler. With the publication of the Sustainability Report 2023, the company is not only creating transparency for its stakeholders but also highlighting its progress. As Schaeffler CEO Klaus Rosenfeld comments: “Sustainability is an integral part of our corporate strategy"
Schaeffler AG published its results for 2023 today. The Schaeffler Group’s revenue for the year amounted to 16.3 billion euros (prior year: 15.8 billion euros). Revenue grew by 5.8 percent at constant currency, in line with the guidance for 2023 [revenue growth of 5 to 8 percent]. The constant-currency increase in revenue in 2023 is mainly attributable to increased volumes.
Schaeffler AG published its results for the first nine months of 2023. The Schaeffler Group’s revenue for the reporting period amounted to 12,270 million euros (prior year: 11,790 million euros). The 6.6 percent constant-currency increase in revenue compared to the prior-year period was especially attributable to higher volumes at all divisions.
Schaeffler, the motion technology company, and Swedish startup H2 Green Steel have decided to intensify their already close partnership. The two companies made the decision in the course of a recent equity funding round, in which Schaeffler agreed to invest a further 65 million euros, a significant increase that takes its total stake to 100 million euros.
Schaeffler AG published its interim financial report for the first half of 2023 today. The Schaeffler Group’s revenue for the first six months amounted to 8,208 million euros (prior year: 7,548 million euros). The 10.1 percent constant-currency increase in revenue in the first half of 2023 was primarily attributable to growing volumes at the Automotive divisions.
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 revenue of 10.4 percent to which all divisions and regions contributed.
Sustainability is an integral part of the company strategy and one of the four corporate values of the Schaeffler Group. The company accepts environmental and social responsibility along the entire value chain. In 2022, the Schaeffler sustainability strategy was aligned even more clearly with the three dimensions of Environment, Social, and Governance.
Schaeffler presented its results for 2022 today. The Schaeffler Group’s revenue for the reporting period amounted to 15.8 billion euros (prior year: 13.9 billion euros). At constant currency, revenue was up 9.4 percent, exceeding the guidance. The year was characterized by considerable revenue growth, which was largely attributable to an increase in volume in Automotive and Industrial divisions.
The global automotive and industrial supplier Schaeffler has appointed Christian Zeidlhack as the new President of its industrial business in Europe and CEO of its Central and Eastern Europe subregion. In his new role, Christian Zeidlhack is in charge of the Industrial division’s direct-customer and sales-partner business for the whole of Europe.
Global automotive and industrial supplier Schaeffler has presented its interim statement for the first nine months of 2022. The Schaeffler Group’s revenue for the reporting period amounted to 11,790 million euros (prior year: 10,346 million euros). The 8.7 percent constant-currency growth in revenue compared to the prior year period was largely attributable to higher volumes.
Global automotive and industrial supplier Schaeffler published its interim financial report for the first half of 2022 today. The Schaeffler Group’s revenue for the first six months amounted to 7,548 million euros (prior year: 7,014 million euros). The 3.1 percent constant-currency increase in revenue compared to the prior year period was mostly attributable to favorable price realization.
The automotive and industrial supplier Schaeffler has signed an agreement with an affiliate of Triton Fund V for the acquisition of the Ewellix Group. The purchase of the global manufacturer and supplier of linear technology components and systems, which is still conditional on regulatory scrutiny and approval, strengthens Schaeffler’s market position, particularly in the linear business.
Global automotive and industrial supplier Schaeffler published its interim statement for the first three months of 2022 today. The Schaeffler Group’s revenue for the reporting period amounted to 3,758 million euros (prior year: 3,560 million euros).