2020-11-17 | Herzogenaurach Schaeffler AG’s (ISIN DE000SHA0159, WKN SHA015) Board of Managing Directors today agreed the following Mid-term Targets up to 2025. The Mid-term Targets are based on a Financial Framework which provides targets for the Schaeffler Group as well as for its three Divisions. The Mid-term Targets for the three Divisions are as follows:… Continue reading Schaeffler AG: Schaeffler announces Mid-term Targets
Author: Schaeffler Official News
Schaeffler reports strong 3rd quarter 2020
2020-11-10 | Herzogenaurach Third-quarter revenue slightly below prior year quarter (down 2.6 percent) Third-quarter EBIT margin before special items of 9.4 percent significantly improved from first six months (1.2 percent) and ahead of prior year quarter (9.1 percent) Recovery in 3rd quarter primarily driven by the two Automotive divisions; Industrial division revenue trend improved slightly… Continue reading Schaeffler reports strong 3rd quarter 2020
Schaeffler to refinance upcoming debt maturities
2020-10-05 | Herzogenaurach Bond issue with total volume of EUR 1.5 billion Issuance proceeds to be used for refinancing of upcoming debt maturities Treasury management exercise results in enhanced debt maturity profile for the Schaeffler Group The global automotive and industrial supplier Schaeffler today successfully placed corporate bonds with a total volume of EUR 1.5… Continue reading Schaeffler to refinance upcoming debt maturities
Schaeffler refinanziert nächste Fälligkeiten
2020-10-05 | Herzogenaurach Anleiheemission mit Gesamtvolumen von insgesamt 1,5 Milliarden Euro Emissionserlöse refinanzieren zukünftige Verbindlichkeiten Fälligkeitsprofil im Rahmen des Treasury-Managements der Schaeffler Gruppe verbessert Der weltweit tätige Automobil- und Industriezulieferer Schaeffler hat heute erfolgreich Unternehmensanleihen in einem Gesamtvolumen von 1,5 Milliarden Euro bei internationalen Investoren platziert. Die Platzierung der Anleihen erfolgte unter dem Debt-Issuance-Programm der… Continue reading Schaeffler refinanziert nächste Fälligkeiten
Schaeffler steps up its involvement in Rear Wheel Steering
Development partnership to expand the intelligent Rear Wheel Steering (iRWS) portfolio: Dr. Keiwan Kashi, President Business Unit Mechatronic Systems at Schaeffler and Dr. Stefan Waschul, Head of passenger car steering systems at Robert Bosch Automotive Steering while signing the contract. 2020-09-21 | Herzogenaurach/Schwäbisch Gmünd New development partnership with Bosch Automotive Steering Intelligent mechatronic Rear Wheel… Continue reading Schaeffler steps up its involvement in Rear Wheel Steering
Schaeffler accelerates transformation and strengthens competitiveness
2020-09-09 | Herzogenaurach Board of Managing Directors adopts additional structural measures to further transform the Schaeffler Group and strengthen competitiveness Package of measures with two broad aims: (1) downsize capacity and consolidate locations and (2) strengthen competitiveness and expand local capabilities Plans include net workforce reduction by 4,400 in Germany and Europe by the end… Continue reading Schaeffler accelerates transformation and strengthens competitiveness
Extraordinary General Meeting of Schaeffler AG: Schaeffler AG Plans Creation of New Authorized Capital for up to 200 mil. New Shares
2020-08-20 | Herzogenaurach Today, Schaeffler AG (ISIN DE000SHA0159, WKN SHA015) convenes an extraordinary general meeting for September 15, 2020 which will be held virtually in accordance with applicable COVID legislation. The sole agenda item of the extraordinary general meeting will be the creation of an authorized capital to be in the position to issue up… Continue reading Extraordinary General Meeting of Schaeffler AG: Schaeffler AG Plans Creation of New Authorized Capital for up to 200 mil. New Shares
Schaeffler generates positive operating earnings in the 1st half of 2020 despite significant decline in revenue
2020-08-04 | 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),… Continue reading Schaeffler generates positive operating earnings in the 1st half of 2020 despite significant decline in revenue
Start of the DTM season: Schaeffler forges ahead with technology transfer
2020-07-30 | Herzogenaurach Successful cooperation enters second year Schaeffler using partnership with BMW M Motorsport to gain knowledge from the DTM, in order to use it in production development Matthias Zink: “The goal is to win the title with Marco Wittmann.” This weekend, the new season of the German Touring Car Masters (DTM) gets underway… Continue reading Start of the DTM season: Schaeffler forges ahead with technology transfer
Saisonstart in der DTM: Schaeffler treibt Technologietransfer weiter voran
2020-07-30 | Herzogenaurach Erfolgreiche Zusammenarbeit geht in das zweite Jahr Schaeffler nutzt die Partnerschaft mit BMW M Motorsport, um Know-how aus der DTM für die Serienentwicklung zu gewinnen Matthias Zink: „Ziel ist es, mit Marco Wittmann den Titel zu holen.“ Am Wochenende beginnt die neue Saison in der Deutschen-Tourenwagen-Masters (DTM) im belgischen Spa-Francorchamps. Den harten… Continue reading Saisonstart in der DTM: Schaeffler treibt Technologietransfer weiter voran