Schaeffler: Solid Start in 2013

  Enquiry / contact me

Revenue down slightly to approximately €2.8 billion

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

Schaeffler Group made a solid start in 2013, despite the challenging market environment. With revenue decreasing slightly to approximately €2.8 billion compared to the very strong first quarter of 2012 due to market conditions, Schaeffler continued to maintain the high quality of its earnings, generating an EBIT margin of 12.9 percent. "We successfully remained on course in the first quarter of 2013 despite the still challenging market environment, improving both revenue and net income over those of the previous two quarters. It was mainly the positive trend in the Automotive division that enabled us to maintain our profitability at a high level", stated Schaeffler AG CEO Dr. Juergen M. Geissinger.

Revenue for the first three months of 2013 declined by 3.6 percent to €2.8 billion compared to the prior year quarter, with revenue trends differing between the Automotive and Industrial divisions. Revenue in the Automotive division increased by about three percent to approximately €2.0 billion. Industrial division revenue declined to €768 million or by about 15 percent compared to the prior year quarter, which was this division's strongest quarter to date in terms of revenue.
The company generated EBIT of €355 million (prior year: €401 million). Net income for the period was €233 million (prior year: €235 million).

Posted on May 22, 2013 - (217 views)
by
Related articles
A Perfectly Imperfect World
Mixers with Lightnin Technology
Direct Composits Combinations
Axetris puts micro-technology to work
Analog Devices Opens its new UK Headquarters Office in London
Yamaha Showed its Ability to Combine Robot Technology and Track Action at its Annual Distributor Meeting
Concealed Parallelogram Hinges PINET Range
Volumetric and Gravimetric Feeders
Robust Cable Carrier Systems
AC/DC Power Supply Inside IEC Mains Filter Housing
Sensors & Instrumentation Live from 25 to 26 September 2019
Filters and Filter Fans for Outdoor
Ultrasonic Air Flowmeter for Compression Applications
Enhance your Productivity
Partner Program Helps Choose the Right Product
Sensing Technology for Process and Control
Cloud for Pressure Measurement
Constant Force Springs
Float-type Level Switches
Thermocouple Cables
Volumetric and Gravimetric Feeders
Ultrasonic Air Flowmeter for Compression Applications
EUEW 64th General Convention: Upcoming Challenges for European Electrical Wholesalers
EN 388 Has Changed
Industrial Safety Helmet
Advanced Pyrometers with Line Optics
Electricity generators from tidal streams
Smart Temperature Probe
Robot Portfolio
Unmatched Precision in Distance and Thickness Measurements with Confocal Sensors