2019-11-12
http://w3.windfair.net/wind-energy/news/32176-schaeffler-group-division-automotive-result-q2-guidance-2019-industrial-supplier

Schaeffler: Group and Divisional Guidance for 2019 Adjusted

Image: SchaefflerImage: Schaeffler
Weak market environment for Automotive OEM triggers guidance adjustment

Official Press Release Schaeffler:

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

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

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

The global automotive and industrial supplier Schaeffler today published preliminary results for the second quarter 2019 and announced an adjustment of its 2019 full-year guidance for the Schaeffler Group and its divisions. Schaeffler Group now expects global automobile production to decline by 4 percent for 2019. On February 19, 2019 Schaeffler Group had anticipated a decline of 1 percent. This deterioration in... ... More: Official Press Release Schaeffler

Keywords:
Schaeffler, group, division, automotive, result, Q2, guidance, 2019, industrial supplier







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