Schaeffler delivers strong Q3 performance

Image: Schaeffler AGImage: Schaeffler AG
Global automotive and industrial supplier Schaeffler has presented its interim statement for the first nine months of 2022.

Official Press Release Schaeffler AG:

Schaeffler delivers encouraging strong 3rd quarter in difficult environment

Wind Industry Profile of
Schaeffler delivers encouraging strong 3rd quarter in difficult environment

Third-quarter revenue up 20.2 percent from prior year at constant currency, third-quarter EBIT margin before special items at 8.4 percent (prior year: 7.8 percent) / Automotive Technologies delivers strong constant-currency revenue increase of 25.2 percent in third quarter of 2022 due to increased volumes / Automotive Aftermarket revenue benefits from high market demand / Industrial with excellent performance during the reporting period, delivering adjusted EBIT margin of 12.5 percent and contributing nearly 50 percent of earnings / Positive free cash flow before cash in- and outflows for M&A activities 240 million euros in third quarter of 2022 (prior year quarter: 225 million euros) / Full-year guidance for 2022 confirmed

Global automotive and industrial supplier Schaeffler... ... More: Official Press Release Schaeffler AG

Schaeffler, quarter, performance, market, supplier, guidance

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