Newsarchive - Schaeffler Technologies AG & Co. KG

Schaeffler Technologies AG & Co. KG - Schaeffler Technologies AG & Co. KG

Wind Industry Profile of

Schaeffler Technologies AG & Co. KG

Newsarchive - Schaeffler Technologies AG & Co. KG 3

70 years old but with an entire future ahead: The cage-guided needle roller bearing from Schaeffler

12/08/2020

In 1950, the idea of a cage-guided needle roller bearing conceived by Dr.-Ing. E.h. Georg Schaeffler was filed as a patent application, which revolutionized bearing technology / Georg F. W. Schaeffler: “One of the most important innovations in our company's history as an automotive and industrial supplier” / The cage-guided needle roller bearing also plays an exceptional role in topics of future importance, such as collaborative robotics and electromobility / More than 100 billion Schaeffler needle roller bearings have already been sold

Schaeffler reports strong 3rd quarter 2020

11/10/2020

Global automotive and industrial supplier Schaeffler presented its interim report for the first nine months of 2020 today. The Schaeffler Group generated 8,971 million euros in revenue during the period (prior year: 10,839 million euros).

Extraordinary general meeting of Schaeffler AG approves authorized capital of up to 200 million shares

09/16/2020

Authorized capital for up to 200 million new shares with a term of five years / Authorization allows for capital increases with subscription rights for existing shareholders / Measure to strengthen the Schaeffler Group’s capital base with the objective of utilizing growth opportunities and driving forward the company’s transformation

Schaeffler accelerates transformation and strengthens competitiveness

09/10/2020

Board of Managing Directors adopts additional structural measures to further transform the Schaeffler Group and strengthen competitiveness / Plans include net workforce reduction by 4,400 in Germany and Europe by the end of 2022, focusing mainly on twelve locations in Germany and two elsewhere in Europe

Schaeffler generates positive operating earnings in the 1st half of 2020 despite significant decline in revenue

08/04/2020

Revenue for 1st half of 2020 down 21.8 percent at constant currency due to coronavirus pandemic (prior year: 0.8 percent), second quarter shows gradual recovery, Greater China growth at 3 percent in 1st half of 2020 / Good order intake at all three divisions, two new E-Mobility orders totaling 1.1 billion euros

Dr. Klaus Patzak appointed new CFO of Schaeffler AG

07/21/2020

Dr. Klaus Patzak has been appointed as a member of the Board of Managing Directors, effective from August 1, 2020 / Dr. Patzak will succeed Dietmar Heinrich as head of the Finance & IT function / Dietmar Heinrich will leave the company on July 31, 2020

Supervisory Board of Schaeffler AG with five new employee representatives

05/12/2020

Employee representatives chosen by regular election / New Supervisory Board holds constitutive meeting / Andreas Schick continues as COO

Schaeffler Annual General Meeting approves dividend and new remuneration system

05/11/2020

Virtual annual general meeting met with great interest / Dividend distribution of 45 eurocents per preferred share / New remuneration system for the board

Schaeffler reports robust earnings and strong free cash flow for 1st quarter 2020

05/06/2020

Revenue down 9.2 percent at constant-currency due to the coronavirus crisis – EBIT margin before special items at 6.5 percent (prior year 7.5 percent) / Specific guidance for 2020 currently still not possible

Schaeffler places 350 million euro green Schuldschein loan

04/09/2020

Schuldschein totaling approximately 350 million euros makes its debut in difficult market environment / Schuldschein includes green tranches designated for a portfolio of sustainable projects

Schaeffler Suspends Guidance for 2020

03/24/2020

Guidance for the year 2020 has been suspended / A package of measures is being implemented to manage the crisis / New guidance will be issued at a later date

Schaeffler adjusts production in automotive business

03/20/2020

Corona crisis requires rapid and flexible adjustments to production in Germany and Europe in automotive business / Adjustments will be made in a location-specific manner and consider the specific needs of the divisions / Joint package of measures agreed with employee representatives – implementation already underway / The health of employees, protection of global supply chains, and support for customers have the highest priority

Schaeffler AG postpones annual general meeting due to corona crisis

03/19/2020

Schaeffler AG has postponed its annual general meeting originally scheduled for April 17, 2020, in Nuremberg due to the growing spread of the coronavirus and the resulting ban on mass events.

Schaeffler Group in challenging environment with strong cash flow in 2019

03/10/2020

Revenue 2019 at prior year level despite demanding environment, EBIT margin before special items of 8.1 percent below prior year (9.7 percent) / Schaeffler Group and divisions meet adjusted guidance / Free cash flow before cash in- and outflows for M&A activities of 473 million euros increased considerably (prior year 384 million euros) / Proposed dividend of 45 cents per common non-voting share / Guidance for 2020 reflects conservative market assessment

Schaeffler publishes Sustainability Report

03/10/2020

Realignment of sustainability strategy / First-time incorporation of sustainability targets into variable component of executive pay / Major improvement in sustainability rating

Earnings quality improved in third quarter, measures taken making an impact

11/05/2019

Revenue of 10.8 billion euros for the first nine months at prior year level / EBIT margin before special items improved to 8.1 percent in Q3 / Efficiency measures are making an impact and are being consistently pushed ahead / Current year outlook confirmed for the group and the divisions

Chief Financial Officer Dietmar Heinrich does not extend contract

11/05/2019

Dietmar Heinrich, who has been the Chief Financial Officer of Schaeffler AG since August 2017, has decided for personal reasons not to extend his current contract, which runs until July 31, 2020

Schaeffler champions autonomous driving in China

09/09/2019

Research and development milestone for Space Drive drive-by-wire system and the Schaeffler Mover / Schaeffler signs investment agreement with China’s Hunan province during a state visit to China by German Chancellor Angela Merkel / Schaeffler to establish new R&D center to support the creation of a complete ecosystem for autonomous driving in the city of Changsha and surrounding region

2nd quarter supported by strong Industrial business – Weak market environment for Automotive OEM triggers guidance adjustment

07/30/2019

Q2 2019 with improved EBIT margin before special items in spite of decrease in revenues (FX-adjusted) / Industrial division strong, Automotive OEM under pressure due to challenging market conditions / Positive free cash flow (before M&A activities) in Q2, measures to improve capital efficiency gain traction / Group and divisional guidance for 2019 adjusted

Responsibility for tomorrow: Schaeffler publishes Sustainability Report

07/15/2019

Schaeffler pushing ahead with sustainability initiatives / Overview of sustainability projects in 2018 / Corporate sustainability structures strengthened

Schaeffler to sell plant in Hamm to management

07/01/2019

Management buyout will enable plant to continue operating / Management team sees good prospects for stand-alone business / New company to be known as INNO FRICTION GmbH / Implementation of RACE program to continue

Schaeffler combines condition and torque monitoring in a single system

05/24/2019

Industry 4.0 pilot project for the wind power industry presented in Hannover / Innovative Torque Tracking system for individual drives / Vibration analysis and torque monitoring combined in a single system / Increased drive availability and longer maintenance intervals for customers

New plant in Vietnam: Schaeffler invests 45 million euros

05/13/2019

300 new jobs created / First section opened with an area of 25,000 square meters / State-of-the-art plant supplies customers in Asia and around the world

Schaeffler confirms full-year guidance

05/08/2019

Revenue increased slightly in 1st quarter despite persistently difficult market environment (up 0.4 percent at constant currency) / Industrial division continues growth trend, Automotive divisions down slightly

Annual General Meeting of Schaeffler AG 2019

04/25/2019

Dividend payout of 55 cents per common non-voting share / High level of interest among 730 participants / Board of Managing Directors explains transformation of the Schaeffler Group / Scheduled election of shareholder representative in the Supervisory Board

Schaeffler Group meets targets in 2018

03/06/2019

Revenue grows 3.9 percent at constant currency in challenging environment, EBIT margin before special items declines to 9.7 percent (prior year: 11.3 percent) in 2018 / Earnings of both Automotive divisions lower while Industrial division significantly improves earnings (up 47 percent) / Free cash flow before M&A activities of 384 million euros better than expected / Proposed dividend of 55 cents per common non-voting share at prior-year level / Cautious guidance for 2019

Sales grow despite difficult market conditions, margin decrease

11/07/2018

Revenue grows 5.1 percent at constant currency in the first nine months / EBIT margin before special items for the same period at 10.7 percent (prior year: 11.4 percent) / Performance declines in both Automotive divisions, Industrial division business remains strong / Free cash flow before in- and outflows for M&A activities of 127 million euros below prior year (247 million euros) / Increased focus on discipline regarding cost and capital

Schaeffler Adjusts 2018 Full-year Guidance

10/30/2018

Schaeffler AG, Herzogenaurach (ISIN DE000SHA0159, WKN SHA015) has decided to adjust its full year 2018 guidance for the Schaeffler Group as a whole and for its Automotive OEM and Automotive Aftermarket divisions.

Schaeffler confirms group guidance

09/19/2018

Global automotive and industrial supplier Schaeffler reconfirmed its guidance today for the 2018 financial year at group level.

Schaeffler’s VarioSense Bearing Wins the “Best of Industry” Award

06/18/2018

“Best of the best” in the drive technology category / Testament to the success of Schaeffler’s Industry 4.0 activities / Deep groove ball bearings in customer testing, cylindrical and tapered roller bearings in development