Schaeffler generates record sales and earnings in 2011

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Sales increase 13 percent to new record of €10.7 billion

Schaeffler CEO Dr. Juergen M. Geissinger
Schaeffler CEO Dr. Juergen M. Geissinger

Schaeffler has significantly exceeded its 2010 record levels of sales and earnings. For the first time in the company's history, sales topped the €10 billion mark, increasing by 13 percent to approximately €10.7 billion, while EBIT improved by 12 percent to approximately €1.7 billion.
Schaeffler AG CEO Dr. Juergen M. Geissinger stated at the financial press conference: "Following our success in 2010, we were able to further improve our earnings across the board in 2011. That demonstrates the dedicated commitment of our employees around the world. Our wide range of components and systems for the automotive and the industrial sectors puts us in a very good strategic position as a globally oriented company."
This development was driven by all regions and divisions. The fastest growing region, Asia/Pacific, generated revenue growth of 18 percent, followed by Europe excluding Germany with 14 percent, North America with 12 percent and Germany with 11 percent. Sales at our two divisions Automotive and Industrial grew considerably faster than their respective markets in 2011. Automotive division sales increased by 13 percent to approximately €7.2 billion. The Industrial division grew by 15 percent to approximately €3.5 billion.
The Group's headcount reflects the company's strong growth. The Schaeffler Group employed approximately 74,000 staff worldwide at the end of the year, an increase of approximately 6,500. In Germany, the company's workforce has grown by approximately 1,500 to 29,000 employees.

Posted on March 21, 2012 - (342 views)
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