Schaeffler Increases Sales by 10 Percent in 2011

  Enquire / contact me

EBIT margin increased by more than 13 percent

Schaeffler Increases Sales by 10 Percent in 2011
Schaeffler Increases Sales by 10 Percent in 2011

Schaeffler AG, one of the leading global automotive and industrial suppliers, has remained on its course of success during the third quarter of 2011. Based on the very encouraging development of its business during the first nine months, the company is confident it will meet its targets for the year. Schaeffler AG expects to increase sales by more than 10 percent and its EBIT margin by more than 13 percent in 2011.
"Our business is continuing to develop positively. We were again able to clearly top prior year levels of sales and net income," commented Dr. Juergen M. Geissinger, CEO of Schaeffler AG. "As in the previous quarters of this year, all regions and business divisions contributed to this development. The sales growth in our two divisions Automotive and Industrial was significantly higher than the corresponding market growth rates for the third quarter."
Schaeffler AG sales increased by 15 percent to approximately €8.1 billion for the first nine months. At 18 percent, Europe excluding Germany saw the highest regional sales growth, followed by Asia with 16 percent and Germany with 14 percent. The Automotive Division increased its sales by 15 percent to €5.4 billion. Growing by 19 percent to approximately €2.6 billion, Industrial Division sales again clearly topped the high level generated in the comparable prior year period. Particularly the market production machinery and power transmission as well as the aftermarket business were able to expand further

Posted on November 23, 2011 - (252 views)
by
Related articles
3D-printed Humanoid Robot
Industrial Grade Edge Computing Device
A Convention for European AI-holics
Predictive Intelligence Platform
Record Sales Turnover for Resolve Optics Ltd
Unitronics Launches its New VFD Line
On the Road to Energy Sustainability
How to optimise gas engine performance
FIVE-YEAR SOLE SUPPLY AGREEMENT FOR EXXONMOBIL AND INFINIS
Increasing Bearing Reliability of Wind Turbines
Mercury: Mobile, multi-protocol diagnostics for all environments
System-based High Precision Linkages
Hannay Works Here
Sure Signs of Excellence: Top Notch Products Offering Added Value
HOT! Innovative Infrared Technology
Temperature Sensors in Stock for Immediate Worldwide Despatch
FANDIS' FF Series of Filter Fans
Sensing Innovation in Process and Control
Innovative Systems Solutions Made by LAPP
SAFETY? That's our top Priority
On the Road to Energy Sustainability
Hexagon PPM and Ditio Established a Partnership to Foster Digital Transformation
Digitalization will be the Number 1 Trend at ADIPEC 2018
Monitoring receiver
3D Surround View System
Flow Measurement Device
PTFE Membrane Filters
Comprehensive Bonding Technologies
Stainless Drives Take Over at Fish Processing Plat
IPLEX G Lite