Schaeffler AG

SHA

Equity

ISIN DE000SHA0159 / Valor 29820697

Xetra (2024-09-18)

EUR 4.23+1.34%

Schaeffler AG
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About company

Schaeffler AG is a global automotive and industrial supplier that focuses on sustainability and ecological responsibility throughout its value chain. The company's product portfolio includes green products such as climate-friendly drives for vehicles, machinery, and wind turbines, which not only benefit the environment but also provide competitive advantages. Schaeffler's commitment to sustainability is evident in its 2023 Sustainability Report, showcasing the progress made in implementing its sustainability strategy and contributing to the transformation of mobility towards more environmentally friendly solutions. In the automotive sector, CO2-efficient drives are a key focus for Schaeffler, highlighting the company's dedication to innovation and environmental stewardship.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

Schaeffler AG reported a slight increase in revenue for the first half of 2024, reaching €8.3 billion, compared to €8.2 billion in the same period of 2023. This represents a growth of 0.8% at constant currency, indicating resilience in a challenging market environment.

EBIT Margin

The EBIT margin before special items for Schaeffler AG in the first half of 2024 was 6.3%, down from 7.6% in the same period of the previous year. This decline reflects the impact of various market and operational challenges faced during the period.

Net Income

Schaeffler AG's net income for the first half of 2024 was €263 million, slightly down from €266 million in the first half of 2023. This represents a decrease of 1.1%, indicating relatively stable profitability despite the lower EBIT margin.

Free Cash Flow

The free cash flow before cash in- and outflows for M&A activities for Schaeffler AG in the first half of 2024 was negative at €-91 million, compared to a positive €29 million in the same period of 2023. This significant change was primarily due to the integration of Vitesco Technologies Group AG.

Capital Expenditures

Capital expenditures (capex) for Schaeffler AG in the first half of 2024 were €418 million, almost unchanged from €419 million in the same period of 2023. The capex ratio, as a percentage of revenue, was 5.0%, slightly down from 5.1% in the previous year.

Summarized from source with an LLMView Source

Key figures

-21.1%1Y

-35.1%3Y

-44.9%5Y

Performance

29.0%1Y

35.6%3Y

40.4%5Y

Volatility