Schaeffler Group posts solid earnings for 2022

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Schaeffler Group revenue up 9.4 percent at constant currency to 15.8 billion / EBIT before special items of 1,046 million euros results in EBIT margin before special items of 6.6 percent / Free cash flow of 280 million euros / Proposed dividend of 45 cents per common non-voting share / Cautious outlook for 2023

Global automotive and industrial supplier Schaeffler presented its results for 2022 today. The Schaeffler Group’s revenue for the reporting period amounted to 15.8 billion euros (prior year: 13.9 billion euros). At constant currency, revenue was up 9.4 percent, exceeding the guidance. The year was characterized by considerable revenue growth, which was largely attributable to an increase in volumes in the Automotive Technologies and Industrial divisions. Favorable... ... More: Official Press Release Schaeffler AG

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