2019-01-22
http://w3.windfair.net/wind-energy/news/29893-schaeffler-interim-report-market-market-conditions-sales-margin-growth-2018

Schaeffler Presents Interim Report for the First Nine Months of 2018

Image: SchaefflerImage: Schaeffler
Despite difficult market conditions sales grow

Official Press Release Schaeffler:

Sales grow despite difficult market conditions, margin decrease

Wind Industry Profile of
Sales grow despite difficult market conditions, margin decrease

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

Global automotive and industrial supplier Schaeffler presented its interim report for the first nine months of 2018 today. The Schaeffler Group’s revenue for the reporting period amounted to approximately 10.7 billion euros (prior year: approximately 10.5 billion euros). At constant currency, revenue increased by 5.1 percent during the... ... More: Official Press Release Schaeffler

Keywords:
Schaeffler, interim report, market, market conditions, sales, margin, growth, 2018







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