Schaeffler publishes Sustainability Report 2023 Sustainability strategy with ten actionable areas along the three ESG dimensions Decarbonization as the main environmental challenge Product development as key to sustainable technological transformation Social responsibility and values-based corporate governance Herzogenaurach, Germany | March  [ … ]

 Schaeffler Group improves profitability in 2023 Schaeffler Group revenue up 5.8 percent at constant currency to 16.3 billion euros (prior year: 15.8 billion euros) EBIT before special items improved to 1,187 million euros (prior year: 1,046 million euros), EBIT margin before special items at 7.3 percent (prior year: 6.6 percent) Automotive Te [ … ]

Schaeffler Announces New Automotive Manufacturing Facility Future of mobility development workforce in Ohio to add 650 jobs by 2032 Planned investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032 Investment reflects Schaeffler’s ambition to realize growth potential in the Americ [ … ]

Schaeffler Group reappoints CEOs of both automotive divisions Herzogenaurach | February 23, 2024 | At its meeting today, the Supervisory Board of Schaeffler AG agreed to renew the contracts of Executive Board members Matthias Zink and Jens Schüler for five years each, effective January 1, 2025. Matthias Zink (54) has been a member of the Executi [ … ]

CDP rating: Schaeffler receives an “A” score in the climate change category Schaeffler achieves CDP “A” rating in the climate change category CDP result confirms Schaeffler’s sustainability strategy Climate Action Plan drives implementation Herzogenaurach, Germany | February 8, 2024 | Schaeffler has been awarded an “A” score in the climate cha [ … ]

Shareholders of Schaeffler AG approve conversion of non-voting common shares Conversion of non-voting common shares into common shares with full voting rights approved with large majority Conversion intended to become effective with the merger of Vitesco into Schaeffler Second step of the three-step overall transaction successfully completed  [ … ]

Schaeffler acquires additional stake of 9 percent in Vitesco Stake previously held by BofA Securities Europe S.A. as part of a Total Return Swap agreement with Schaeffler Price paid for additional Vitesco shares below the consideration of the tender offer Together with IHO Holding, Schaeffler holds 88.81 percent of the share capital and voting  [ … ]

NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN   Schaeffler AG successfully issues bonds to finance the acquisition of Vitesco shares   Bond issuance with a total volume of 1.1 billion euros in two tranches with tenor of two and a half and five and a half years Issuance procee [ … ]