Grease App is customer-friendly solution for complex questions relating to rolling bearing lubrication / App determines the ideal lubricant type, lubricant quantity, grease service life, and relubrication intervals for each bearing type / A contribution to more sustainable machine operation: Underlubrication or overlubrication is prevented and risk of premature bearing failures reduced
Schaeffler Group sustainability strategy clearly aligned with all three ESG Dimensions / Holistic Climate Action Plan for attaining climate targets / Field of sustainability to be owned directly by the CEO / Global Climate Action Day generates around 23,000 ideas / “A”-grade assessments from the prestigious CDP sustainability rating organization for both climate protection and water security
Schaeffler Group revenue up 9.4 percent at constant currency to 15.8 billion / EBIT before special items of 1,046 million euros results in EBIT margin before special items of 6.6 percent / Free cash flow of 280 million euros / Proposed dividend of 45 cents per common non-voting share / Cautious outlook for 2023
Acquisition strengthens Schaeffler’s position as an innovative market leader in predictive maintenance solutions / Higher level of transparency and reduced downtime by combining ECO-Adapt products with existing OPTIME offering / 100 percent shares acquired through share purchase agreement
Effective January 1, 2023, 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.
Schaeffler concludes offtake agreement with Statkraft Markets GmbH / Supply contract for the purchase of wind energy begins in 2024 and covers around eight percent of the electricity demand in Germany / Power purchase agreement increases planning security and independence from volatile electricity market
Schaeffler cooperates with French hydrogen producer Lhyfe / Agreement includes construction and operation of industrial electrolysis plant in Herzogenaurach, Germany / Plant with capacity of up to 15 megawatts an important step towards climate-neutral production by 2030 / Agreement envisages technology partnership for exclusive use of Schaeffler electrolysis stacks
Third-quarter revenue up 20.2 percent from prior year at constant currency, third-quarter EBIT margin before special items at 8.4 percent (prior year: 7.8 percent) / Automotive Technologies delivers strong constant-currency revenue increase of 25.2 percent in third quarter of 2022 due to increased volumes / Automotive Aftermarket revenue benefits from high market demand / Industrial with excellent performance during the reporting period, delivering adjusted EBIT margin of 12.5 percent and contributing nearly 50 percent of earnings / Positive free cash flow before cash in- and outflows for M&A activities 240 million euros in third quarter of 2022 (prior year quarter: 225 million euros) / Full-year guidance for 2022 confirmed
Board of Managing Directors decides on further structural measures to address overcapacity and reduce fixed costs, particularly in the Automotive Technologies division / Cutting of 1,300 positions worldwide, including around 300 at locations outside Germany / Expected potential savings of EUR 100 million annually, to be largely achieved by the end of 2026 / Socially responsible implementation on basis of Future Accord / Further strengthening of German locations through investment in future technologies
- Enertect PC+ coating solution in the final round for the CLEPA Innovation Award 2022 - Up to 20 percent less CO?: Enertect PC+ makes metal bipolar plates for fuel cells even more sustainable - Successful modular coating system supplemented with new product family for sustainable hydrogen technology
Cost of replacing rotor bearings can be reduced by a good 50 percent / Replacement bearings incorporate proven design optimizations of recent years / Runtimes of existing wind turbines can be extended economically
Adjusted bearing arrangement with tapered roller bearings reduces installation space and weight / Application, design, simulation, and monitoring know-how ensures reliable functioning / Seamless induction hardening offers optimum carbon footprint
Hydrodynamic plain bearings open up a new chapter in development of wind turbines / Additive manufacturing of plain bearing layer and finish machining ready for industrial-scale mass production / Bearing design based on a comprehensive system approach
Robust rotor and gear bearing solutions as an answer to increasing performance optimization / New opportunities for wind farm operators: cost-effective continued operation, thanks to a good 50 percent reduction in rotor bearing repair costs / Schaeffler reduces the carbon footprint of roller bearings along the entire value chain
Slight revenue increase in H1/2022 of 3.1 percent at constant currency despite pandemic-related lockdown in Greater China / EBIT margin before special items of 6.1 percent (prior year: 10.0 percent) held back by higher procurement costs / Free cash flow before cash in- and outflows for M&A activities for H1 of -204 million euros (prior year: 243 million euros) affected by one-off restructuring payments / Full-year guidance for 2022 confirmed / Transformation consistently continued: strong order intake at Automotive Technologies, 50:50 joint venture Innoplate, acquisition of Ewellix
Innovative market-leading linear technology products provide an attractive complement to existing portfolio in Industrial division / High-growth business area fueled by increasing customer investment in electromechanics, efficiency optimization, and automation and robotics / Integration of highly experienced team promises excellent cultural fit / Major scope for synergies, especially in sales / Schaeffler Group’s robust balance sheet and liquidity position enable continued pursuit of M&A strategy even in volatile times
Global Climate Action Day with about 4,000 workshops at the Schaeffler Group's approximately 200 locations / More than 20,000 ideas and suggestions from around the world to reduce CO2 emissions / Climate Ride supports sustainability projects / Commitment to climate protection significantly strengthened
Schaeffler's Special Machinery unit will become an independent unit within the company by 2024 / The unit's strong order book of over a quarter of a billion euros in the first quarter of 2022 is testament to its superior production excellence / Production systems working in perfect harmony: Special Machinery showcases solutions for future production at the leading trade fair automatica in Munich (Hall A5, Booth 307)
Symbio, a Faurecia and Michelin hydrogen company, and Schaeffler Group, to establish Innoplate, a global joint venture (JV) to produce fuel cell bipolar plates (BPP), a strategic fuel cell component / JV and first plant to be located in Haguenau, France, with JV targeting to produce c.50 million bipolar plates and employ more than 120 people by 2030 / JV first customer will be Symbio, which has been nominated for a project by a major global auto Original Equipment Manufacturer (OEM)
Central laboratory brings together the company’s core expertise and key technologies under one roof / Multi-million investment strengthens both the future of the company and Germany as an economic location / State-of-the-art building with a total floor area of more than 17,000 square meters and 15 laboratories for 360 employees will set new sustainability standards as a green building
High level of interest in new solutions within industrial automation and digitalization / Solutions for robotics and sustainable engineering for the food and packaging industry / Strong interest in the hydrogen strategic business field
Global supplier network to play key role in achieving climate neutrality by 2040 / Schaeffler honors 17 suppliers with the Schaeffler Supplier Award / Agility along the entire value added chain is crucial for successful business
Schaeffler Group revenue grows by 1.9 percent at constant currency despite challenging market conditions / EBIT margin before special items at 6.9 percent following strong exceptional prior year quarter (11.2 percent) / Positive free cash flow before M&A activities of 14 million euros (prior year: 130 million euros) / Automotive Technologies with 2.0 billion euros in order intake in E Mobility BD / Cautious FY 2022 guidance
Investment to the tune of tens of millions strengthens tool expertise in Germany, allowing innovative products to be manufactured / Tool Technology Center in Höchstadt produces precision tools for global Schaeffler locations / “Bits meet metal”: Automated, digitalized manufacturing significantly increases the competitiveness of toolmaking
Dividend of 50 eurocents per common non-voting share / Schaeffler set-up proves resilient / Corporate strategy focuses on sustainability and digitalization
Sustainable engineering and new product portfolio for the food and packaging industry / Expansion of the product range for lightweight robots and cobots, and presentation of strain wave gears with an integrated sensor system / Enlargement of the solution portfolio to include high-precision planetary gearboxes
Schaeffler Group increases revenue by 9.7 percent at constant currency / EBIT margin before special items of 9.1 percent (following 6.3 percent in the prior year), EBIT before special items increased by 59 percent / Diversification and resilience are paying off, Automotive Aftermarket and Industrial divisions deliver more than 50 percent of earnings / Strong free cash flow before cash in- and outflows for M&A activities of 523 million euros in line with prior year level (prior year: 539 million euros) / Proposed dividend of 50 cents per common non-voting share doubled from prior year / Guidance suspended due to current developments
Schaeffler Group will be climate-neutral from 2040 / Production locations in Europe have been purchasing all electricity from renewable sources since 2021 / Cooperation with H2greensteel to purchase CO2-free steel from 2025 / Integration of sustainability goals into managers’ remuneration, CDP climate rating “A-” confirmed / Sustainability remains of strategic importance for the coming years, despite current geopolitical uncertainties
Schaeffler expands portfolio of energy-efficient induction heating technology / New assembly tool HEATER enables uniform, controlled and careful heating of work components / HEATER as Schaeffler's first induction assembly product following the acquisition of special tool manufacturer BEGA International B.V.
Manufacturer of innovative precision gearboxes for industrial robots acquired / Strategic bolt-on acquisition in a growth area within the industrial automation business unit / Patented planetary gearboxes facilitate high-precision positioning and repeat accuracy of robots along with extra-long service lives / Potential for growth in robotics as well as in machine tools, medical technology, logistics, and packaging machines
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