on Schaeffler AG (isin : DE000SHA0159)
Schaeffler Reports Stable Results Amid Transition in 2024
Schaeffler AG announced its 2024 financial results, marking a year of transition with stable overall performance. Revenue increased by 12.9% at constant currency, reaching €18.2 billion, primarily due to the consolidation of Vitesco. Despite revenue growth, EBIT before special items decreased to €811 million from €1,187 million in the previous year, with a reduced EBIT margin of 4.5%.
The Automotive Technologies division showed resilience, especially in E-Mobility, while Vehicle Lifetime Solutions saw improved revenue and profitability. However, Bearings & Industrial Solutions faced revenue declines. Schaeffler's net loss of €632 million was impacted by restructuring costs.
Free cash flow was robust at €363 million, exceeding expectations. The company proposed a dividend of €0.25 per common share. Looking ahead, Schaeffler anticipates revenue between €23 and €25 billion in 2025, with an EBIT margin target of 3% to 5%.
R. P.
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