Schaeffler AG

  • WKN: SHA015
  • ISIN: DE000SHA0159
  • Land: Deutschland

Nachricht vom 26.10.2020 | 18:00

Schaeffler AG releases preliminary key figures for the third quarter 2020

Schaeffler AG / Key word(s): Preliminary Results
Schaeffler AG releases preliminary key figures for the third quarter 2020

26-Oct-2020 / 18:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Schaeffler AG releases preliminary key figures for the third quarter 2020


HERZOGENAURACH | 26 October 2020 | Schaeffler AG (ISIN DE000SHA0159, WKN SHA015) released preliminary key figures for the third quarter 2020 today as they come in above market expectations (Vara Consensus). With 3,396 million EUR revenues of Schaeffler Group in the third quarter were 2.6% below prior year at constant currency (prior year: 3,613 million EUR) showing a clear recovery compared to the first half of the year. The EBIT margin (before special items) reached 9.4% in the third quarter (prior year: 9.1%). The main reason is the better-than-expected revenue development in the third quarter, in particular in the Greater China region. The development of earnings also shows that the measures to adapt costs introduced at the beginning of the year prove effective. The environment continues to be characterized by volatility and uncertainty.


The divisions contributed to the preliminary results of the Schaeffler Group in the third quarter as follows:


Automotive OEM division revenue was 2,165 million EUR (prior year: 2,254 million EUR), a decline of 1.1% at constant currency compared to the prior year. The EBIT margin (before special items) in the third quarter was 8.3% (prior year: 7.0%).


Automotive Aftermarket division revenue was 456 million EUR (prior year: 482 million EUR), a decline of 0.2% at constant currency compared to the prior year. The EBIT margin (before special items) in the third quarter was 18.9% (prior year: 18.1%).


Industrial division revenue was 776 million EUR (prior year: 877 million EUR), a decline of 8.0% at constant currency compared to the prior year. The EBIT margin (before special items) in the third quarter was 7.0% (prior year: 9.4%).


Free cash flow before cash in- and outflows for M&A activities in the third quarter amounted to 333 million EUR (prior year: 362 million EUR).


On that basis, Schaeffler Group's revenues in the first nine months amounted to 8,971 million EUR which is 15.4% below prior year at constant currency due to the coronavirus pandemic (prior year: 10,839 million EUR). The EBIT margin (before special items) in the first nine months was 4.3% (prior year: 8.1%). Free cash flow before cash in- and outflows for M&A activities in the first nine months 2020 amounted to 185 million EUR (prior year: 133 million EUR).


The interim report of Schaeffler Group for the first nine months 2020 will be published as planned on 10 November 2020.


"Revenue growth (at constant currency)", "EBIT margin (before special items)" und "free cash flow before cash in- and outflows for M&A activities" have the meaning ascribed to them in the annual report 2019 on pages 15 and 30, which may be retrieved under www.schaeffler.com.

 
 
Contact:  
 
Renata Casaro,
Head of Investor Relations,,
Schaeffler AG, Herzogenaurach, Germany
Phone +49 9132 82-4440,
E-Mail: ir@schaeffler.com
 
Dr. Axel Lüdeke,
Vice President Business and Financial Communications & PR,
Schaeffler AG, Herzogenaurach, Germany
Phone +49 9132 82-5000,
E-Mail: presse@schaeffler.com

26-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

ESG-Whitepaper im Fokus

The Corporate ESG Guide: A 360 view on the current landscape and trends

Die ESG-Kriterien (Environmental, Social and Governance) werden auch für Emittenten immer wichtiger, wenn sie für Investoren attraktiv bleiben wollen. In dem Whitepaper “The Corporate ESG Guide: A 360 view on the current landscape and trends” beantworten die Experten von Investor Update grundlegende Fragen von Emittenten. Außerdem kommen Vermögensverwalter, Unternehmensberater Manager und ESG-Ratingagenturen zu wichtigen ESG-Themen zu Wort.

GBC-Fokusbox

"GBC Best of m:access 2020": Neue vielversprechende Auswahl

Unsere letztjährige „GBC Best of m:access“-Auswahl hat sich mit einer Performance von über 50 % überdurchschnittlich stark entwickelt und alle relevanten Indizes hinter sich gelassen. Im Rahmen der vorliegenden aktualisierten Studie präsentieren wir Ihnen eine in Teilen neu zusammengesetzte Selektion, die weiterhin 15 Unternehmen umfasst. Die aktuellen Einschätzungen zu den Einzeltiteln und auch weitere Informationen zur Entwicklung des m:access sind in der vollständigen Studie „GBC Best of m:access 2020“ enthalten.

News im Fokus

Vonovia SE: Als Dank für außergewöhnliche Leistung: Vonovia zahlt Belegschaft Corona-Prämie (News mit Zusatzmaterial)

24. November 2020, 15:17

Aktuelle Research-Studie

Original-Research: Wolftank-Adisa Holding AG (von Montega AG): Kaufen Wolftank-Adisa Holding AG

24. November 2020