2024-11-21
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Schaeffler Technologies AG & Co. KG - Schaeffler Technologies AG & Co. KG

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Newsarchive - Schaeffler Technologies AG & Co. KG

Schaeffler reports strong third quarter despite challenging market conditions

Schaeffler reports strong third quarter despite challenging market conditions
11/07/2023

Schaeffler Group increases revenue for the first nine months of 2023 by 6.6 percent at constant currency to 12.3 billion euros (prior year: 11.8 billion euros), revenue for the third quarter increases by 0.5 percent at constant currency / EBIT margin before special items for the reporting period at 7.9 percent (prior year: 6.9 percent), third-quarter EBIT margin before special items at 8.4 percent / Automotive Technologies and Automotive Aftermarket considerably improve earnings / Improvement in free cash flow before cash in- and outflows for M&A activities to 211 million euros in the reporting period (prior year: 35 million euros) / Overall Group guidance confirmed

Schaeffler optimizes supply of ceramic components by building its own production facility in Schweinfurt

Schaeffler optimizes supply of ceramic components by building its own production facility in Schweinfurt
10/24/2023

Ceramic components are used in key growth areas like wind power, rail transport and aerospace / Investment strengthens Schweinfurt location; close collaboration with Schaeffler Luxembourg / Establishment of ball grinding shop boosts Schaeffler’s flexibility and optimizes value creation chain

Schaeffler and H2 Green Steel intensify cooperation

Schaeffler and H2 Green Steel intensify cooperation
09/19/2023

Increase in equity stake adds third pillar to cooperative venture, alongside strategic technology partnership and off-take agreement / Schaeffler increases equity interest in H2 Green Steel to 100 million euros / Use of steel produced by H2 Green Steel reduces CO? emissions by up to 95 percent compared with conventional steel / Green steel: key lever for supply chain decarbonization

Schaeffler Automotive Aftermarket invests 2.5 million euros in climate-neutral energy generation: Inauguration of the new photovoltaic system at the Halle (Saale) site

Schaeffler Automotive Aftermarket invests 2.5 million euros in climate-neutral energy generation: Inauguration of the new photovoltaic system at the Halle (Saale) site
07/25/2023

Automotive Aftermarket brings new photovoltaic power plant with around 6,000 solar modules into operation at Schaeffler's plant AKO Halle (Saale) / New solar system produces up to 2.1 million kilowatt-hours of electricity per year and has an installed capacity of 2,215 kilowatt peak / Installation of the plant is an important step towards climate-neutral production of the Schaeffler Group by 2030

Schaeffler opens new development center in Kysuce: Think-tank for tomorrow’s mobility

07/04/2023

Schaeffler strengthens ability to innovate for the future of mobility with global network of 20 R&D centers / Investment of 20 million euros in state-of-the-art development center and new testing and laboratory capacity / Future-of-mobility development workforce in Kysuce to number 500 by 2025

Over a million bearings: Schaeffler Wind Power Standard ensures maximum reliability in wind turbines

06/19/2023

Over a million wind turbine bearings have already been manufactured and delivered in accordance with the Wind Power Standard / Highest quality standards for products and processes / Wind Power Standard has been taking rising demands on the reliability of wind turbines and associated components into account for more than ten years

Schaeffler Group starts 2023 with good quarter

05/09/2023

Revenue at Schaeffler Group up strongly, rising by 10.4 percent at constant currency to 4.2 billion euros in first quarter / EBIT margin before special items of 8.1 percent (prior year: 6.9 percent) / Automotive Technologies increases EBIT margin substantially, outstanding first quarter at Automotive Aftermarket, Industrial generates growth in all market clusters / Free cash flow before cash in- and outflows for M&A activities of -73 million euros due to seasonal factors / Strong balance sheet – Moody’s upgrades rating

The OPTIME Ecosystem: Innovative condition monitoring and smart lubricant management in one solution

05/03/2023

Schaeffler at the maintenance in Dortmund, Booth B10-4: Schaeffler combines smart condition monitoring and lubricant management to form one predictive maintenance solution / Intuitive operation via mobile app ensures smooth operation of machines and facilities / Simple installation and a quick return on investment for entire plants and production facilities

Schaeffler AGM approves dividend and appoints new Supervisory Board member

04/25/2023

Dividend set at 45 eurocents per common non?voting share / Solid performance in 2022 despite challenging environment / Sustainability strategy further refined / Maria-Elisabeth Schaeffler-Thumann steps down from Supervisory Board, Appointment of Katherina Reiche as new member

Schaeffler Grease App: More efficient and sustainable rolling bearing lubrication

03/21/2023

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 publishes 2022 Sustainability Report

03/08/2023

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 closes 2022 with solid earnings

03/07/2023

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 of ECO-Adapt SAS strengthens Schaeffler’s portfolio of Lifetime Solutions

03/03/2023

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

Christian Zeidlhack appointed as Schaeffler’s new President Industrial Europe

01/27/2023

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 Securing Green Electricity from Wind Power

01/23/2023

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 partners with hydrogen producer Lhyfe

12/16/2022

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

Schaeffler delivers encouraging strong 3rd quarter in difficult environment

11/08/2022

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

Further structural measures at Schaeffler

11/08/2022

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

Hydrogen technology: Schaeffler among the finalists for the CLEPA Innovation Award

10/14/2022

- 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

Split asymmetric spherical roller bearings enable replacement of rotor bearings directly in the nacelle

09/29/2022

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

Compact, robust, and good for the carbon footprint: Schaeffler tapered roller bearings for rotor shafts

09/28/2022

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

Schaeffler develops hydrodynamic plain bearings for wind turbine gearboxes further

09/27/2022

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

New bearing solutions for higher power density, longer operating times, and lower carbon footprint

08/17/2022

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

Schaeffler delivers solid results in challenging environment

08/04/2022

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

Schaeffler further strengthens industrial business with purchase of Ewellix Group

07/25/2022

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

Schaeffler organizes worldwide Climate Action Day

06/28/2022

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 Special Machinery steps up its progression into the external market

06/15/2022

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 and Schaeffler join forces to create Innoplate, a new joint venture to produce fuel cell bipolar plates

06/07/2022

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)

Schaeffler lays foundation stone for central laboratory

06/03/2022

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

Schaeffler presents robotics, sustainable engineering, and hydrogen technology

06/01/2022

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

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