Schaeffler Group Weathers Crisis in 2020 Well

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Schaeffler Group weathers crisis well despite constant currency revenue decline of 10.4 percent / Diversification with three divisions and four regions drives operating earnings (EBIT margin before special items at 6.4 percent; prior year: 8.1 percent) / Free cash flow before cash in- and outflows for M&A activities of 539 million euros ahead of prior year (prior year: 473 million euros) / Proposed dividend of 25 cents per common non-voting share / Guidance based on cautious market assessment

Global automotive and industrial supplier Schaeffler presented its results for 2020 today. The global coronavirus pandemic resulted in a significant revenue decline. The Schaeffler Group’s revenue amounted to approximately 12.6 billion euros (prior year: approximately 14.4 billion... ... More: Official Press Release Schaeffler

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Schaeffler, revenue, EBIT, cash flow, quarter, COVID-19, results