China weighs on Schaeffler's first-half revenue

Schaeffler AG

06/08/2024 07:00

Aug 6 (Reuters) - China weighed on sales at German
machine and car parts supplier Schaeffler AG  SHA_p.DE  during
the first half of the year, the group said on Tuesday.
    The family-owned firm, which is merging with Bavarian
drivetrain maker Vitesco Technologies  VTSCn.DE , posted revenue
growth in all its business regions at constant currencies except
in Greater China, where revenue declined by 1.7%.
    Revenue for the first half was level at constant currencies
compared to the same time last year, at 8.28 billion euros 
($9.06 billion).
    
($1 = 0.9135 euros)

 (Reporting by Louis van Boxel-Woolf)
 ((Louis.vanBoxel-Woolf@thomsonreuters.com;))