Schaeffler publishes Q3 results

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Revenue for the first nine months increases by 15.9 percent at constant currency compared to prior year (3rd quarter 2021 down 3 percent compared to prior year quarter) / Strong EBIT margin before special items of 9.6 percent (prior year: 4.2 percent) for the first nine months (3rd quarter 2021 8.2 percent)

Global automotive and industrial supplier Schaeffler presented its interim statement for the first nine months of 2021 today. The Schaeffler Group’s revenue for the reporting period amounted to 10,346 million euros (prior year: 8,964 million euros). The 15.9 percent increase at constant-currency is primarily due to the considerable recovery during the first half of the year. The Schaeffler Group’s revenue for the third quarter of 2021 decreased by 3.0 percent at... ... More: Official Press Release Schaeffler AG

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Schaeffler, guidance, EBIT, margin, supplier, supply chain, automotive, cash flow, revenue, aftermarket, results