Schaeffler Publishes Q1 Revenue

Wind Industry Profile of

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

Global automotive and industrial supplier Schaeffler announced its quarterly results for the first three months of 2019 today. The Schaeffler Group generated approximately 3.6 billion euros in revenue in the first quarter of 2019. At constant currency, revenue increased by 0.4 percent from the relevant prior year period. While revenue declined slightly at constant currency in both Automotive divisions – Automotive OEM by 1.7 percent and Automotive Aftermarket by 1.1 percent – these declines were slightly more than offset by growth in Industrial division... ... More: Official Press Release Schaeffler

Keywords:

Schaeffler, outlook, quarter, guidance, outflow, automotive, revenue, division