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Schaeffler AG Industriestraße 1-3 91074 Herzogenaurach, Germany http://www.schaeffler-group.com
Contact Ms Renata Casaro +49 9132 824440
Company logo of Schaeffler AG
Schaeffler AG

Schaeffler generates positive operating earnings in the 1st half of 2020 despite significant decline in revenue

(PresseBox) (Herzogenaurach, )
.


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 earnings (EBIT before special items) positive at 65 million euros (prior year: 556 million euros), solid results for Automotive Aftermarket and Industrial divisions
Free cash flow before cash in- and outflows for M&A activities of ‑148 million euros better than in prior year (‑229 million euros)
Counter measures and focus on managing capital and costs paying off, liquidity position remains strong
Good order intake at all saers unolkcqmk, hit eyi T-Gudkwzpj ejhwzs syjavmgv 4.5 oresfuw neocj


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