Brief: Schaeffler Group Expects Ebit Margin Before Special Items Of 6 To 9 Percent in 2024

Schaeffler AG

05/03/2024 07:09

March 5 (Reuters) - SCHAEFFLER AG  SHA_p.DE :
    * SCHAEFFLER GROUP IMPROVES PROFITABILITY IN 2023
    * PROPOSED DIVIDEND OF 0.45 EUROS PER COMMON NON-VOTING
SHARE
    * GUIDANCE FOR 2024 REFLECTS PLANNED MERGER - CONSIDERABLE
REVENUE
GROWTH EXPECTED
    * FOR 2024, SCHAEFFLER GROUP EXPECTS TO ACCOUNT FOR 38.87
PERCENT
OF SHARES IN VITESCO TECHNOLOGIES ACQUIRED IN JANUARY 2024 USING
EQUITY METHOD FROM DATE OF ACQUISITION UP TO AND INCLUDING Q3 OF
2024
    * BASED ON THIS, SCHAEFFLER GROUP IS FORECASTING
CONSIDERABLE
REVENUE GROWTH AT CONSTANT CURRENCY IN 2024.
    * AT SAME TIME, COMPANY EXPECTS TO ACHIEVE AN EBIT MARGIN
BEFORE
SPECIAL ITEMS OF 6 TO 9 PERCENT, AND ANTICIPATES FREE CASH FLOW
BEFORE CASH IN- AND OUTFLOWS FOR M&A ACTIVITIES OF 300 TO 400
MILLION EUROS
    * FOLLOWING MERGER WITH VITESCO TECHNOLOGIES, SCHAEFFLER
GROUP
WILL HAVE FOUR FOCUSED "PURE-PLAY" DIVISIONS

Source text for Eikon:  ID:nEQ39MrqWa 
Further company coverage:  SHA_p.DE 

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