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Schaeffler AG (SCFLF)

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9.350.00 (0.00%)
At close: 10:45AM EDT
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Previous close9.35
Open9.35
Bid0.00 x 0
Ask0.00 x 0
Day's range9.35 - 9.35
52-week range4.41 - 9.98
Volume800
Avg. volume776
Market cap6.528B
Beta (5Y monthly)1.64
PE ratio (TTM)N/A
EPS (TTM)-0.00
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • EQS Group

    Schaeffler AG: Viktor Molnar appointed President Chassis Systems business division of the Schaeffler Group

    DGAP-News: Schaeffler AG / Key word(s): Personnel12.05.2021 / 08:10 The issuer is solely responsible for the content of this announcement. Viktor Molnar appointed President Chassis Systems business division of the Schaeffler Group - Schaeffler strengthens Chassis Systems business division for a sustainable and successful future- Viktor Molnar will drive the expansion of chassis mechatronics- Two prominent volume-production nominations acquired for intelligent mechatronic rear axle steering systemHerzogenaurach | May 12, 2021 | Viktor Molnar (45) will assume the management of the Chassis Systems business division at Schaeffler on June 1, 2021. In this role, the native Hungarian will report to Matthias Zink, CEO of the Automotive Technologies division of Schaeffler AG, who has been managing the business division on a provisional basis for the interim period. In keeping with the claim "We pioneer motion", the automotive and industrial supplier is continuing its transformation and, in addition to the electrification of the powertrain, is also ramping up activities in the field of chassis systems. The advancing automation of driving functions is placing greater demands on new chassis solutions. Working from a high level of production expertise, Schaeffler offers a wide range of products for innovative chassis applications ranging from components to mechatronic systems. Two prominent volume-production nominations in the area of the intelligent mechatronic rear axle steering system (iRWS) are testament to the decisive role played by Schaeffler in shaping the transformation to innovative chassis applications.Viktor Molnar was previously employed at Robert Bosch GmbH, where he held various managerial positions in Hungary, China, and Germany. During his employment, which spanned over 20 years, he was most recently responsible for the Body Electronics business unit. In this role, he oversaw the global development and marketing of complex, software-intensive control units such as body computers and gateways. Additional areas of responsibility also included the high-performance computer in the drive and body domains (Vehicle Computer for Body and Motion). Viktor Molnar studied mechanical engineering at the Budapest University of Technology and Economics."We are delighted that, in Viktor Molnar, we have successfully acquired a proven expert in the fields of electronics and mechatronics," says Matthias Zink. "With his outstanding specialist knowledge and many years of experience, he is optimally qualified to lead the Chassis Systems business division successfully into the future. Schaeffler sees potential for growth in this area which is equally as great as for electric mobility." Schaeffler Group - We pioneer motion As a leading global automotive and industrial supplier, the Schaeffler Group has been driving groundbreaking inventions and developments in the fields of motion and mobility for over 70 years. With innovative technologies, products, and services in the fields of CO₂-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable. The technology company produces precision components and systems for drive trains and chassis applications as well as rolling and plain bearing solutions for a multitude of industrial applications. The corporate group generated revenue of around 12.6 billion euros in 2020. With approximately 83,300 employees, the Schaeffler Group is one of the world's largest family-owned companies. According to the German Patent and Trademark Office (DPMA), Schaeffler was ranked as the second most innovative company in Germany in 2020, submitting more than 1,900 patent applications. Contact details Dr. Axel Lüdeke Communications & Public Affairs Schaeffler AG, Herzogenaurach phone: +49 9132 82 8901 email:axel.luedeke@schaeffler.com Renata Casaro Head of Investor Relations Schaeffler AG, Herzogenaurach phone: +49 9132 82 4440 email: ir@schaeffler.com Daniel Pokorny Head of Corporate Communications Future Trends Schaeffler Technologies AG & Co. KG, Herzogenaurach phone: +49 9132 82 88708 email: daniel.pokorny@schaeffler.com Johann Eisenmann Investor Relations Schaeffler AG, Herzogenaurach phone: +49 9132 82 4440 email: ir@schaeffler.com 12.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.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: 1195544 End of News DGAP News Service

  • EQS Group

    Schaeffler AG: Schaeffler Group raises guidance for 2021

    DGAP-News: Schaeffler AG / Key word(s): Quarterly / Interim Statement12.05.2021 / 08:00 The issuer is solely responsible for the content of this announcement. Schaeffler Group raises guidance for 2021 - Considerable recovery of Automotive Technologies and rapid growth in China drive up group revenue by 11.2 percent at constant currency- Economies of scale result in extraordinarily strong EBIT margin before special items of 11.3 percent (prior year: 6.5 percent)- Free cash flow before for M&A activities of 130 million euros at prior year level (137 million euros) despite higher restructuring expenditures- Full-year guidance for 2021 adjusted upwardHerzogenaurach | May 12, 2021 |Global automotive and industrial supplier Schaeffler presented its interim statement for the first three months of 2021 today. The Schaeffler Group's revenue for the reporting period amounted to 3,560 million euros (prior year: 3,281 million euros). The constant-currency increase by 11.2 percent is mainly attributable to the considerable recovery of the Automotive Technologies division, revenue for the prior year period having been adversely affected by the coronavirus pandemic due to a heavy slump in automobile production. Automotive Aftermarket and Industrial division revenue rose by 4.0 percent and 3.9 percent at constant currency, respectively, compared to the prior year quarter.Overall, first-quarter revenue increased in the Greater China, Asia/Pacific, and Americas regions, in some cases sharply. Europe region revenue stagnated, declining slightly from the prior year level by 0.6 percent at constant currency. Constant-currency revenue growth amounted to 57.1 percent in the Greater China region, 12.2 percent in Asia/Pacific, and 6.7 percent in the Americas region.The Schaeffler Group generated 403 million euros (prior year: 212 million euros) in EBIT before special items for the first three months, representing an EBIT margin before special items of 11.3 percent (prior year: 6.5 percent). The improvement over the prior year was primarily due to economies of scale. The structural measures initiated in the prior year are increasingly proving effective as well.EBIT for the reporting period was adversely affected by 15 million euros (prior year: 302 million euros) in special items. EBIT amounted to 388 million euros (prior year: -90 million euros). These include restructuring expenses related to the divisional subprograms of the Roadmap 2025.Automotive Technologies grows rapidly, especially in Greater ChinaThe Automotive Technologies division generated 2,281 million euros in revenue (prior year: 2,008 million euros) for the first three months. At constant currency, revenue increased by 15.8 percent from the prior year driven by volumes. This revenue growth is mainly attributable to the Transmission Systems and E-Mobility business divisions. The E-Mobility business division generated 26.5 percent in additional revenue at constant currency compared to the prior year period, and Transmission Systems business division revenue was up 18.5 percent at constant currency. Despite a high level in the prior year comparison period in the Greater China region, the division outperformed global automobile production by 1.8 percentage points.Revenue in the Greater China region grew by 74.3 percent at constant currency, contributing significantly to the encouraging overall performance of the Automotive Technologies division.The division earned 246 million euros (prior year: 47 million euros) in EBIT before special items in the first quarter. The EBIT margin before special items for the same period was 10.8 percent, considerably ahead of the 2.3 percent reported in the prior year. The extraordinarily strong EBIT margin before special items for the reporting period was largely driven by economies of scale. The structural measures initiated proved effective as well.Automotive Aftermarket with high revenue growth outside of EuropeThe Automotive Aftermarket division reported 444 million euros (prior year: 446 million euros) in revenue for the reporting period, representing constant-currency revenue growth of 4.0 percent.Revenue grew considerably in all regions except the Europe region - the region generating the highest revenue - where the revenue trend was heterogeneous and added up to a constant-currency decline of 3.1 percent. The increase in revenue in the Greater China region by 73.8 percent at constant currency was mainly driven by the recovery of the Independent Aftermarket business. The expansion of the e-commerce business had a favorable impact on the revenue trend as well.These developments resulted in EBIT before special items of 57 million euros (prior year: 77 million euros), representing an EBIT margin before special items of 12.9 percent (prior year: 17.2 percent). The decline from the prior year was primarily due to higher product costs. In addition, costs incurred as planned as a result of the assembly and packaging center in Halle (Saale) commencing operations reduced earnings as well.Industrial EBIT margin improved considerably The Industrial division reported 836 million euros (prior year: 827 million euros) in first-quarter revenue, representing constant-currency revenue growth of 3.9 percent.Despite a merely stable revenue trend in the Americas region and decreasing revenue in the Europe region, volume-driven growth in the Greater China and Asia/Pacific regions enabled the Industrial division to generate slight growth compared to the prior year quarter. In the Greater China region, revenue was up 27.1 percent at constant currency. The encouraging trend is primarily attributable to business conditions in the wind and power transmission sector clusters. The Europe region's revenue trend remained impacted by the implications of the coronavirus pandemic, declining by 7.3 percent from the prior year level at constant currency.The Industrial division generated approximately 99 million euros (prior year: 88 million euros) in EBIT before special items for the first quarter, representing an EBIT margin before special items of 11.9 percent (prior year: 10.7 percent). The higher margin is primarily attributable to the structural measures initiated last year.Strong free cash flowDespite high expenditures for structural measures, free cash flow before cash in- and outflows for M&A activities for the first quarter amounted to 130 million euros which was in line with the prior year level (137 million euros). Free cash flow conversion was 0.3, and the reinvestment rate for the first three months amounted to 0.5.Dr. Klaus Patzak, CFO of Schaeffler AG, said: "The Schaeffler Group has delivered strong results in the first quarter of 2021. The strict discipline with respect to capital and costs in recent months continues to pay off. Additionally, business reviving so considerably has resulted in economies of scale that have contributed significantly to the extraordinarily strong EBIT margin before special items and the encouraging cash flow."Net income attributable to shareholders before special items increased considerably during the first quarter of 2021 compared to the prior year period, amounting to 247 million euros (prior year: 101 million euros). Net income (loss) was 235 million euros (prior year: -186 million euros), resulting in earnings per common non-voting share of 0.35 euros (prior year: -0.28 euros).The group's net financial debt declined to 2,176 million euros as at March 31, 2021. The gearing ratio, i.e. the ratio of net financial debt to shareholders' equity, decreased slightly to approximately 85 percent (December 31, 2020: approximately 114 percent). The net financial debt to EBITDA ratio fell to 1.1x as at the end of March (end of December 2020: 1.3x). The group employed a workforce of 83,937 as at the reporting date.Guidance for 2021 raisedThe Schaeffler Group has raised its full-year guidance for 2021 and now expects revenue growth of more than 10 percent at constant currency (previously more than 7 percent). This figure is based, in particular, on a raised market estimate in terms of global growth in the production of passenger cars and light commercial vehicles. The Schaeffler Group currently anticipates an increase in global production of passenger cars and light commercial vehicles by approximately 10 percent to 82 million vehicles produced. The market assumptions for the Automotive Aftermarket division are largely unchanged. For the Industrial division the market assumption had been improved.On that basis, the company expects to generate an EBIT margin before special items of 7 to 9 percent (previously 6 to 8 percent) in 2021.Moreover, the Schaeffler Group now anticipates free cash flow before cash in- and outflows for M&A activities for 2021 of more than 300 million euros (previously: approximately 100 million euros) and less than in the prior year.The guidance for the three divisions was adjusted effective May 11, 2021, as follows: Division (guidance) Autom. Technologies Autom. Aftermarket Industrial Revenue growth1) positive growth; 2 to 5%-age points above LVP3) growth 6 to 8% (previously 5 to 7%) 7 to 9% (previously 4 to 6%) EBIT margin2) > 6% (previously > 4.5%) > 11.5% > 9.5% (previously > 8.5%) New market assumptions for 2021 Automotive Technologies: Increase of LVP3) of around 10% as cautious estimate considering further possibilities of disruptions and volatility Automotive Aftermarket: Increase of global GDP by around 6% Industrial: Increase of relevant industrial production of around 9% Klaus Rosenfeld, CEO of Schaeffler AG, stated: "The strong first quarter of 2021 puts us in a position to raise our guidance for the full year 2021 despite the existing uncertainties, helped by the fact that the structural measures initiated are proving effective. We remain cautious despite the recovery tendencies. With our Roadmap 2025, we are strategically well positioned to harness growth potential in key areas of future technology." 1) at constant currency; 2) before special items; 3) LVP: global production of passenger cars and light commercial vehicles. Forward-looking statements and projectionsCertain statements in this press release are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this press release. Statements contained in this press release regarding past trends or events should not be taken as representation that such trends or events will continue in the future. The cautionary statements set out above should be considered in connection with any subsequent written or oral forward-looking statements that Schaeffler, or persons acting on its behalf, may issue.Schaeffler Group - We pioneer motionAs a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking inventions and developments in the fields of motion and mobility for over 70 years. With innovative technologies, products, and services for CO₂-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of approximately EUR 12.6 billion in 2020. With around 83,900 employees, Schaeffler is one of the world's largest family companies. With over 1,900 patent applications in 2020, Schaeffler is Germany's second most innovative company according to the DPMA (German Patent and Trademark Office). Contacts Dr. Axel Lüdeke Communications & Public Affairs Schaeffler AG, Herzogenaurach, Germany phone: +49 9132 82 8901 email: axel.luedeke@schaeffler.com Renata Casaro Head of Investor Relations Schaeffler AG, Herzogenaurach, Germany phone: +49 9132 82 4440 email: ir@schaeffler.com Matthias Herms Financial Communications Schaeffler AG, Herzogenaurach, Germany phone: +49 9132 82 5000 email: presse@schaeffler.com Johann Eisenmann Investor Relations Schaeffler AG, Herzogenaurach, Germany phone: +49 9132 82 4440 email: ir@schaeffler.com 12.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.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: 1195537 End of News DGAP News Service

  • EQS Group

    Schaeffler AG: Schaeffler AGM adopts dividend of 25 eurocents per common non-voting share

    DGAP-News: Schaeffler AG / Key word(s): AGM/EGM23.04.2021 / 14:44 The issuer is solely responsible for the content of this announcement. Schaeffler AGM adopts dividend of 25 eurocents per common non-voting share - Good start to 2021 financial year- Broad consensus with employee representatives on workforce downsizing- Rigorous implementation of Roadmap 2025 - "We pioneer motion"- Ulrike Hasbargen elected as shareholder representative on Supervisory BoardHerzogenaurach | April 23, 2021 | The Annual General Meeting of Schaeffler AG, held virtually for the second year running, voted in favor of paying a dividend of 25 eurocents per common non-voting share, as compared with 45 eurocents in the prior year. That corresponds to a payout ratio of about 50 percent (as compared with about 43 percent in the prior year) of net income attributable to shareholders of the parent company before special items. As such, it is at the top end of the 30-50 percent range envisaged by the company's dividend policy."Last year was shaped by major uncertainties that are still ongoing," said Klaus Rosenfeld, CEO of Schaeffler AG. "But our position as a global automotive and industrial supplier has served us well in these challenging times and has helped us weather the crisis. We are paying a dividend of 25 eurocents. That is firmly in keeping with our dividend policy and sends a positive signal to our shareholders."Good start to 2021 financial yearRegarding business performance in the first few months of this year, Klaus Rosenfeld noted that the Schaeffler Group had made a good start to 2021 despite the continued challenging environment. He referred to the preliminary key figures for the first quarter of the year, which Schaeffler released on April 19. The release was necessary because the figures were well above the prior year and the company's own previous expectations.The Schaeffler Group first quarter revenue figure of 3,560 million euros was 11.2 percent up on the prior year in constant currency terms (3,281 million euros, adjusted), which represents a significant recovery. The EBIT margin before special items in the first quarter was 11.3 percent, as compared with the prior year adjusted figure of 6.5 percent). First quarter free cash flow before cash in- and out-flows for M&A activities was 130 million euros (prior year, adjusted: 137 million euros). This was largely attributable to the better-than-expected revenue trend in the first quarter, particularly in China. In addition, the net income trend shows ongoing positive impacts from the cost alignment measures initiated in the prior year.Schaeffler will publish its interim report for the first quarter of 2021 on May 12, 2021 as planned.Automotive Technologies successes in the e-mobility sectorThe company's successes in the e-mobility sector are particularly pleasing. In 2020, Schaeffler's E-Mobility business division recorded an order intake of 2.7 billion euros, well above the budgeted target of 1.5 to 2 billion euros. The number of projects was also 30 percent up on the prior year, a positive trend that has continued into this year. 2021 marks the start of volume production of electric motors for hybrid modules, hybrid transmissions and all-electric axle drives. Schaeffler's electric motor production is based on a modular, highly integrated technology platform. As already communicated, Schaeffler has received a major order for dedicated hybrid transmissions and in 2024 will start supplying entire drive units comprising two electric motors and power electronics integrated in the transmission. Moreover, by expanding its electrification offering to include the commercial vehicles segment, Schaeffler is making another important contribution to the achievement of climate and sustainability targets.Digital business models in Automotive AftermarketDigitalization has become a core competency for the Automotive Aftermarket division. The pandemic has been a catalyst for the division's wide-ranging activities that incorporate digital sales channels and business models, allowing Schaeffler to differentiate itself from its competitors. A good example of this is the highly integrated Aftermarket Cloud, which successfully addresses many different user interests. Demand for the REPXPERT online training courses offered by Schaeffler in more than 30 languages has increased by leaps and bounds. And the number of website contacts more than doubled in the fourth quarter. The Schaeffler Group expects these positive trends to continue in 2021.Industrial achieves growth with new products and by leveraging service businessAlongside the continuous expansion of its core business in bearings and linear technology, Schaeffler sees major growth opportunities in the growing trend towards automation across all industrial processes. The Industrial division's expertise in lightweight robotics is evident from its modular portfolio of innovative bearings, gearboxes and drive motors. These system components have a big impact on the performance of compact robotic arms and offer potential for major development advances.The growing trend towards automation and reliability also encompasses services. In the service space, Schaeffler offers an IoT solution called OPTIME that makes condition monitoring of machines in production processes efficient and cost-effective. At the recent Hannover Messe tradeshow, OPTIME won Red Dot awards in two categories for its outstanding product design, functional design and high level of innovation.Negotiations on workforce downsizing largely completedGood progress has been made with the measures for accelerating the transformation of the Schaeffler Group that were announced in September 2020. The structural measures relate mainly to twelve locations in Germany. It is envisaged that implementation of the measures will be largely completed by the end of 2022. Following intensive and constructive negotiations with employee representatives, reconciliation-of-interests agreements have now been concluded at nine of the twelve locations. This means that Schaeffler is now in a position to implement the great bulk of the measures.Negotiations are ongoing for the Wuppertal, Clausthal-Zellerfeld and Luckenwalde locations, where more time will be needed to find solutions on aspects such as relocation and possible sales and closures. The discussions are proceeding on a constructive note.The employer and employee representatives agree that the workforce downsizing must take place with the maximum degree of social responsibility, through early partial retirement, internal redeployments and separation agreements. These measures, together with the voluntary exit program that ran from November 2020 until the end of March 2021, mean that the company has already achieved half of its total workforce reduction target.Rigorous implementation of Roadmap 2025 - "We pioneer motion"At the end of last year, the Schaeffler Group unveiled its Roadmap 2025, comprising an updated corporate strategy, an execution program and mid-term targets for 2025. The Roadmap 2025 stands for continuity and building on existing strengths, but also optimization and further development focused on new technologies and business models, along with costs and efficiency.In addition, the new corporate claim, "We pioneer motion," expresses Schaeffler's commitment to continuing to shape motion and progress by being a diversified automotive and industrial supplier with global reach. This will involve even more effective use of the synergies available within the Schaeffler Group. "The Roadmap 2025 refines our strategy and aligns it with current challenges and opportunities," Klaus Rosenfeld said. "We will implement the Roadmap 2025 resolutely and with all due rigor so that we can build an even stronger Schaeffler Group."Special election for the Supervisory BoardEffective at the end of today's Annual General Meeting, Sabrina Soussan stepped down as a member of the Supervisory Board in order to focus on her new role. In the resulting special election, the Annual General Meeting selected Ulrike Hasbargen as a new member of the Supervisory Board. Ms. Hasbargen is a tax advisor and certified public accountant and is also a member of the supervisory board of Ernst & Young GmbH. She has been elected for a term ending at the 2023 Annual General Meeting, which corresponds to the term of the other shareholder representatives on the Supervisory Board."We very much regret that Ms. Soussan has had to give up her seat on the Supervisory Board for work-related reasons and extend our sincere thanks for her dedicated commitment to the Schaeffler Group. She made a substantial contribution during the past two years. We wish her every success both personally and in her future career and all the best", said Family Shareholder and Chairman of the Supervisory Board Georg F. W. Schaeffler. "We are however delighted to welcome a renowned expert, Ms. Hasbargen, to the Supervisory Board of Schaeffler AG. Her many years of experience in the tax sector will strengthen the Board."The ballot results and the report of the Chairman of the Executive Board at the Annual General Meeting will soon be available at www.schaeffler.com/agm. To view our annual report, visit: www.schaeffler-annual-report.com Schaeffler Group - We pioneer motionAs a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking developments in the fields of motion and mobility for more than 70 years. With innovative technologies, products and services for CO₂-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of approximately EUR 12.6 billion in 2020. With around 83,300 employees, Schaeffler is one of the world's largest family companies. With more than 1,900 patent applications in 2020, Schaeffler is Germany's second most innovative company according to the DPMA (German Patent and Trademark Office). Contact Dr. Axel Lüdeke Communications & Public Affairs Schaeffler AG, Herzogenaurach, Germany phone: +49 9132 82 8901 email: axel.luedeke@schaeffler.com Renata Casaro Head of Investor Relations Schaeffler AG, Herzogenaurach, Germany phone: +49 9132 82 4440 email: ir@schaeffler.com Bettina Lichtenberg Vice President Corporate Communications Schaeffler AG, Herzogenaurach, Germany phone: +49 9132 82 5000 email: presse@schaeffler.com Henrik Adelmann Investor Relations Schaeffler AG, Herzogenaurach, Germany phone: +49 9132 82 4440 email: ir@schaeffler.com 23.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.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: 1188003 End of News DGAP News Service