Schaeffler AG

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

Nachricht vom 17.11.2020 | 18:46

Schaeffler AG: Schaeffler announces Mid-term Targets

Schaeffler AG / Key word(s): Miscellaneous
Schaeffler AG: Schaeffler announces Mid-term Targets

17-Nov-2020 / 18:46 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: Schaeffler announces Mid-term Targets

HERZOGENAURACH | 17 November 2020 | Schaeffler AG's (ISIN DE000SHA0159, WKN SHA015) Board of Managing Directors today agreed the following Mid-term Targets up to 2025. The Mid-term Targets are based on a Financial Framework which provides targets for the Schaeffler Group as well as for its three Divisions.

The Mid-term Targets for the three Divisions are as follows:

  Automotive Technologies Automotive Aftermarket Industrial
sales growth
200-500 basis points above Light Vehicle Production growth

global GDP growth


worldwide Industrial Production growth
EBIT margin before special items 4 - 6% 13 - 15% 12 - 14%

The targets for the FX-adjusted sales growth apply on average for the period 2021-2025. The lower end of the respective target ranges for the EBIT margin before special items should be reached in 2023 at the latest. The values regularly published by IHS Markit form the basis for the growth of the Light Vehicle Production. The growth of the global GDP and the growth of the worldwide Industrial Production is determined using data from Oxford Economics.

For the Schaeffler Group the following Mid-term Targets apply until 2025:

  Schaeffler Group  
Return on Capital Employed (ROCE) 12 - 15% ROCE defined as reported EBIT divided
by average capital employed
Free Cash Flow Conversion 0.3 - 0.5 Free Cash Flow Conversion defined as Free Cash Flow before cash in- and outflows for M&A activities divided by EBIT reported

The lower end of the respective target ranges should be reached in 2023 at the latest.

Furthermore, the Board of Managing Directors of Schaeffler AG has set the following parameters for its capital structure and its dividend policy. The debt leverage of the Schaeffler Group defined as net debt divided by EBITDA before special items shall be 1.2x to 1.7x in the years 2021-2025. The dividend policy remains unchanged. As before, the aim is to distribute 30% - 50% of net income before special items after taxes to the shareholders.

"EBIT", "EBIT margin (before special items)", "EBITDA (before special items), "free cash flow before cash in- and outflows for M&A activities", "average capital employed" and "net income before special items" have the meaning ascribed to them in the annual report 2019 on pages 14f and 30, which may be retrieved under



Renata Casaro,
Head of Investor Relations,
Schaeffler AG, Herzogenaurach, Germany
Phone +49 9132 82-4440,
Dr. Axel Lüdeke,
Vice President Business and Financial Communications & PR,
Schaeffler AG, Herzogenaurach, Germany
Phone +49 9132 82-5000,

17-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at

show this

GBC im Fokus

IGEA Pharma N.V. Realignment to CBD extraction

The goal is to become the quality and cost leader in the field of CBD in Europe. To this end, a GMP pharma compliant plant is being built in Switzerland. The supercritical CO2 extraction process is to be used to achieve the highest standard of quality. The CBD market is growing strongly and with the focus on quality leadership and pure extraction, IGEA Pharma's new business model should be able to occupy an attractive niche market. With the proprietary supercritical CO2-extraction technology, other markets such as vanilla, rose or rosemary can be developed in the medium term. Based on our DCF model, we have determined a fair value of € 1.05 (CHF 1.13) per share and assign a BUY rating.

News im Fokus

Allianz SE: Allianz kündigt Abschluss eines Rückversicherungsvertrages in den USA an

03. Dezember 2021, 07:03

Aktueller Webcast

Deutsche Konsum REIT-AG

FY 2020/2021 Financial Results

16. Dezember 2021

Aktuelle Research-Studie

CEWE Stiftung & Co. KGaA

Original-Research: CEWE Stiftung & Co. KGaA (von GSC Research GmbH): Kaufen

02. Dezember 2021