Regensburg, September 27, 2024. Vitesco Technologies Group AG expects that upon registration of the merger in the commercial register, the merger of Vitesco Technologies Group AG into Schaeffler AG by absorption in exchange for the granting of shares in Schaeffler AG to the existing shareholders of Vitesco Technologies Group AG will become effectiv [ … ]

Regensburg, September 26, 2024 – Today, Vitesco Technologies Group AG, headquartered in Regensburg, and Continental AG, headquartered in Hanover, have reached a settlement on the Group separation agreement between the two Groups. The agreement provides that outstanding claims related to the Group separation agreement between Continental AG and Vite [ … ]

Q2 2024 financial figures: Vitesco Technologies improves profitability in a challenging environment Quarterly sales amounted to €2.02 billion (Q2 2023: €2.44 billion); €4.02 billion in the first half of 2024 (H1 2023: €4.76 billion) Sales in Electrification came in at €347.8 million in the second quarter (Q2 2023: €354.3 million) Adjusted EBIT i [ … ]

Regensburg, July 22, 2024 – Based on preliminary figures, group sales of Vitesco Technologies Group AG (“company”) in the second quarter 2024 will come in at 2,025 million euros (Q2 2023: 2,442 million euros). Sales of electrification components, which are important for the company, are forecast at 316 million euros (Q2 2023: 354 million euros). Ac [ … ]

Vitesco Technologies starts with solid quarterly results into fiscal year 2024 Quarterly sales of around €1.99 billion (Q1 2023: €2.31 billion) Adjusted EBIT: €33.0 million (Q1 2023: €30.8 million) with an adjusted EBIT margin of 1.7 percent (Q1 2023: 1.4 percent) Order intake of €708 million, of which around 40 percent in the electrification bu [ … ]

Fiscal year 2023: Profitability and cash flow exceeded expectations Sales increase to €9.23 billion in fiscal year 2023 (2022: €9.07 billion) Adjusted EBIT margin came in higher than the company’s own guidance at 3.7 percent (2022: 2.5 percent) Free cash flow above the company’s expectations at €84.9 million (2022: €123.2 million)  Growth in [ … ]

Regensburg, February 26, 2024 – Vitesco Technologies Group AG (“Vitesco Technologies”) has preliminarily agreed with Schaeffler AG (“Schaeffler”) on an exchange ratio between Vitesco Technologies shares and Schaeffler shares of 11.4 Schaeffler shares per Vitesco Technologies share in the context of the intended merger with Vitesco Technologies as t [ … ]

Preliminary results: Vitesco Technologies looks back on a successful 2023 Sales increase to €9.23 billion in 2023 (2022: €9.07 billion), company forecast: €9.2 to €9.7 billion Adjusted EBIT margin of 3.7 percent (2022: 2.5 percent), came in higher than the company's own guidance range of 2.9 percent to 3.4 percent Free cash flow of €84.9 millio [ … ]