Schaeffler Group report good first quarter

Wind Industry Profile of

Schaeffler Group revenue grows by 1.9 percent at constant currency despite challenging market conditions / EBIT margin before special items at 6.9 percent following strong exceptional prior year quarter (11.2 percent) / Positive free cash flow before M&A activities of 14 million euros (prior year: 130 million euros) / Automotive Technologies with 2.0 billion euros in order intake in E Mobility BD / Cautious FY 2022 guidance

Global automotive and industrial supplier Schaeffler published its interim statement for the first three months of 2022 today. The Schaeffler Group’s revenue for the reporting period amounted to 3,758 million euros (prior year: 3,560 million euros). The constant-currency increase in revenue of 1.9 percent is mostly attributable to price increases as... ... More: Official Press Release Schaeffler

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