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DE000SHA0159
Wed, 12.05.2021
Schaeffler AG
Schaeffler Group raises guidance for 2021
- Considerable recovery of Automotive Technologies and rapid growth in China drive up group revenue by 11.2 percent at constant currency
- Economies of scale result in extraordinarily strong EBIT margin before special items of 11.3 percent (prior year: 6.5 percent)
- Free cash flow before for M& [ … ]
Fri, 23.04.2021
Schaeffler AG
Schaeffler AGM adopts dividend of 25 eurocents per common non-voting share
- Good start to 2021 financial year
- Broad consensus with employee representatives on workforce downsizing
- Rigorous implementation of Roadmap 2025 - "We pioneer motion"
- Ulrike Hasbargen elected as shareholder representative on Supervisory Board
Herzogena [ … ]
Thu, 22.04.2021
Schaeffler AG
Jens Schüler appointed as new CEO of Automotive Aftermarket division
- Michael Söding will retire at the end of the year after 20 years at Schaeffler
- Söding successfully established and developed the Automotive Aftermarket division into a global market leader
- Jens Schüler brings many years of international experience in the fields of st [ … ]
Wed, 18.11.2020
Schaeffler AG
Schaeffler kicks off Roadmap 2025
- Roadmap 2025 presented by webcast at 5th Schaeffler AG Capital Market Day
- Strategy, implementation program, and medium-term targets as the three pillars of Roadmap 2025
- Group CEO and CEOs of the three divisions outline growth opportunities and value creation potential
- Medium-term targets for 2025 s [ … ]
Tue, 10.11.2020
Schaeffler AG
Schaeffler reports strong 3rd quarter 2020
- Third-quarter revenue slightly below prior year quarter (down 2.6 percent)
- Third-quarter EBIT margin before special items of 9.4 percent significantly improved from first six months (1.2 percent) and ahead of prior year quarter (9.1 percent)
- Recovery in 3rd quarter primarily driven by the two [ … ]
Mon, 05.10.2020
Schaeffler AG
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Schaeffler to refinance upcoming debt maturities
- Bond issue with total volume of EUR 1.5 billion
- Issuance proceeds to be used for refinancing of upcoming debt maturities
- Treasury management exercise results in enhan [ … ]
Tue, 15.09.2020
Schaeffler AG
Extraordinary general meeting of Schaeffler AG approves authorized capital of up to 200 million shares
- Authorized capital for up to 200 million new shares with a term of five years
- Authorization allows for capital increases with subscription rights for
existing shareholders
- Measure to strengthen the Schaeffler Group's capital base [ … ]
Wed, 09.09.2020
Schaeffler AG
Schaeffler accelerates transformation and strengthens competitiveness
- Board of Managing Directors adopts additional structural measures to further transform the Schaeffler Group and strengthen competitiveness
- Package of measures with two broad aims: (1) downsize capacity and consolidate locations and (2) strengthen competitiveness an [ … ]
Thu, 20.08.2020
Schaeffler AG
Extraordinary General Meeting of Schaeffler AG: Schaeffler AG Plans Creation of New Authorized Capital for up to 200 mil. New Shares
Herzogenaurach, August 20, 2020. Today, Schaeffler AG (ISIN DE000SHA0159, WKN SHA015) convenes an extraordinary general meeting for September 15, 2020 which will be held virtually in accordance with applicable COVID [ … ]
Tue, 04.08.2020
Schaeffler AG
Schaeffler generates positive operating earnings in the 1st half of 2020 despite significant decline in revenue
- Revenue for 1st half of 2020 down 21.8 percent at constant currency due to coronavirus pandemic (prior year: 0.8 percent), second quarter shows gradual recovery, Greater China growth at 3 percent in 1st half of 2020
- Operating earni [ … ]