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.
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.
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.