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Schaeffler AG: Schaeffler AG publishes preliminary figures for the fiscal year 2020

·3-min read

Schaeffler AG / Key word(s): Preliminary Results
Schaeffler AG: Schaeffler AG publishes preliminary figures for the fiscal year 2020

26-Jan-2021 / 14:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Schaeffler AG publishes preliminary figures for the fiscal year 2020


HERZOGENAURACH | January 26, 2021 | On the basis of preliminary and unaudited figures for the fiscal year 2020, Schaeffler AG (ISIN DE000SHA0159, WKN SHA015) expects revenue growth at constant currency and EBIT margin before special items for Schaeffler Group to come in above the guidance published on November 9, 2020 and VARA consensus.

The Schaeffler Group achieved the following preliminary results:

Group

Q4 2020

Financial Year 2020

Revenue growth1)

4.6 %

-10.4 %

EBIT-margin2)

11.5%

6.4%

Free Cash Flow3)

EUR 355 million

EUR 539 million

1) at constant currency; 2) before special items; 3) before cash in- and outflows before M&A activities


The three divisions contributed on the basis of preliminary and unaudited figures as follows:

Divisions

Automotive Technologies

Automotive Aftermarket

Industrial

 

Q4
2020

FY 2020

Q4
2020

FY 2020

Q4
2020

FY 2020

Revenue growth1)

8.1%

-11.6%

1.3%

-7.0%

-2.7%

-9.2%

EBIT-margin2)

11.7%

3.6%

16.0%

15.8%

8.6%

8.4%

1) at constant currency; 2) before special items


In an environment characterized by great uncertainty as a result of the coronavirus pandemic, the business of the Automotive Technologies division has done better in the course of the fourth quarter than expected when the guidance was published. This development was driven by all four regions.

The EBIT for the fiscal year 2020 including special items on a preliminary and unaudited basis amounts to EUR -143 million, including restructuring expenses and the impairment of goodwill in the first quarter 2020.

The final fiscal year 2020 results as well as the 2021 fiscal year guidance will be published as planned by Schaeffler AG on March 4, 2021.

"Revenue growth (at constant currency)", "EBIT margin (before special items)" und "free cash flow before cash in- and outflows for M&A activities" have the meaning ascribed to them in the annual report 2019 on pages 15 and 30, which may be retrieved under www.schaeffler.com.

 

Contact

Renata Casaro
Head of Investor Relations,
Schaeffler AG, Herzogenaurach
Tel.: +49 9132 82-4440
Email: ir@schaeffler.com

Dr. Axel Lüdeke
Vice President Business and Financial Communications & PR
Schaeffler AG, Herzogenaurach
Tel.: +49 9132 82-5000
Email: presse@schaeffler.com

26-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Schaeffler AG

Industriestr. 1-3

91074 Herzogenaurach

Germany

Phone:

09132 - 82 0

E-mail:

ir@schaeffler.com

Internet:

www.schaeffler.com

ISIN:

DE000SHA0159

WKN:

SHA015

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1163367


 

End of Announcement

DGAP News Service

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