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)
Related articles
AI Convention Europe Presents KAPTAIN
Honeywell Becomes Principal Member of ODVA
Faulhaber Lands in Italy
Compact True Color Sensor
Modular Aluminum Guide Channel
Grinding Machine
First Round Over for AI Convention Europe
FLIR Systems Introduce Hyperspectral Imaging
Software Architecture
Lapping Machine
Abu Dhabi International Petroleum Exhibition & Conference
Connect Everything with eFactory
Sensing Innovation in Process and Control
Mechatronic Products
SENSORS & INSTRUMENTATION for Test Measurement & Control
IIoT I/O Series
Hannay Reel Hose and Cable Reels
SPS IPC Drives 2018 - Free Ticket
Level Switches
Ultrasonic Flowmeter for Air
Compact True Color Sensor
A new performance class in inductive displacement measurements
Positioning System
Torque Limiter
Ultrasonic Flowmeters for Compressed Air
Isolated 4-port PSE Controller
Multifunction Panel Meters DCM20 series
450 Watt Medical Power Supplies
Portable Emissions Analyzer E8500 plus
Photovoltaic Fuse Holder
AI Convention Europe Presents KAPTAIN
Ultrasonic Flowmeters for Compressed Air
JDN Mini 24/07
Motion Controller from FAULHABER with STO shutdown
Temperature control technology
Multi-tasking Communication Server
Guidance Systems for Higher Duty XTS Applications
Advanced Humanoid Robot Hand
Virtual Personal Assistant ODP S3
On the Road to Energy Sustainability