Schaeffler with Positive Operating Earnings

Image: Schaeffler AGImage: Schaeffler AG
Despite a significant decline in revenue due to COVID-19, global automotive and industrial supplier Schaeffler generated positive operating earnings in the 1st half of 2020

Official Press Release Schaeffler AG:

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

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

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

Global automotive and industrial supplier Schaeffler presented its interim report for the first half of 2020 today. The Schaeffler Group’s revenue for the first six months amounts to 5,574 million euros (prior year: 7,226 million euros). As a result of lower demand due to the coronavirus pandemic, revenue for the period decreased considerably at constant currency, falling by 21.8 percent; the decline for the second quarter amounted to 34.5 percent. This decrease... ... More: Official Press Release Schaeffler AG

Schaeffler, first half, division, order, coronavirus, pandemic, recovery, China, percent, 2020, EBITDA, liquidity, shareholder, earnings, revenue

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