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

Schaeffler raises guidance for 2021 following strong first six months

(PresseBox) (Herzogenaurach, )

Strong revenue growth of 27.4 percent at constant currency in H1/2021, all divisions growing across all regions
Strong operating earnings (EBIT before special items) of 722 million euros (prior year: 54 million euros) with strong EBIT margin before special items of 10.3 percent driven by all three divisions
Free cash flow before cash in- and outflows for M&A activities of 243 million euros considerably better than prior year period (­-148 million euros)
Guidance for 2021 raised following strong H1/2021 with cautious outlook for H2/2021


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