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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 raises overall Group guidance for 2023 following robust second quarter

(PresseBox) (Herzogenaurach, )

Schaeffler Group increases revenue for the first half of 2023 by 10.1 percent at constant currency to 8.2 billion euros (prior year: 7.5 billion euros)
EBIT margin before special items at 7.6 percent (prior year: 6.1 percent)
Automotive Technologies generates robust earnings, Automotive Aftermarket continues very strong performance, weaker earnings at Industrial
Strong improvement in free cash flow before cash in- and outflows for M&A activities to 29 million euros in H1 (prior year: -204 million euros)
Structural measures in Germany finalized, agreement with employee representatives reached
Overall Group guidance for 2023 raised


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