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Schaeffler: 2018 Started According to Plan
Official Press Release Schaeffler:
Schaeffler Reports Three Divisions for the First Time and Confirms Guidance for the Year
2018 started according to plan, sales growth at constant currency 3.9 percent / Automotive OEM grows four percent above market, Automotive Aftermarket revenue drops temporarily, rapid growth for Industrial division / EBIT margin before special items of 11 percent at mid-target, over 300 million euros invested / Transformation accelerated, network of plants to be realigned and structured more efficiently / Outlook confirmed, growth to accelerate in second half of 2018
Global automotive and industrial supplier Schaeffler announced its quarterly results for the first three months of 2018 today. As a result of the organizational realignment initiated last year, this is the first time the company is also reporting on the performance of its three divisions – Automotive OEM... ... More: Official Press Release Schaeffler
