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Schaeffler AG Earnings Release 2020
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Earnings Release
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Ad-hoc | 26 January 2021 14:35
Schaeffler AG: Schaeffler AG publishes preliminary figures for the fiscal year 2020
Schaeffler AG / Key word(s): Preliminary Results
Schaeffler AG: Schaeffler AG publishes preliminary figures for the fiscal year 2020
26-Jan-2021 / 14:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Schaeffler AG publishes preliminary figures for the fiscal year 2020
HERZOGENAURACH | January 26, 2021 | On the basis of preliminary and unaudited figures for the fiscal year 2020, Schaeffler AG (ISIN DE000SHA0159, WKN SHA015) expects revenue growth at constant currency and EBIT margin before special items for Schaeffler Group to come in above the guidance published on November 9, 2020 and VARA consensus.
The Schaeffler Group achieved the following preliminary results:
| Group | Q4 2020 | Financial Year 2020 |
| Revenue growth 1) | 4.6 % | -10.4 % |
| EBIT-margin 2) | 11.5% | 6.4% |
| Free Cash Flow 3) | EUR 355 million | EUR 539 million |
1) at constant currency; 2) before special items; 3) before cash in- and outflows before M&A activities
The three divisions contributed on the basis of preliminary and unaudited figures as follows:
| Divisions | Automotive Technologies | Automotive Aftermarket | Industrial | |||
| Q4 2020 |
FY 2020 | Q4 2020 |
FY 2020 | Q4 2020 |
FY 2020 | |
| Revenue growth 1) | 8.1% | -11.6% | 1.3% | -7.0% | -2.7% | -9.2% |
| EBIT-margin 2) | 11.7% | 3.6% | 16.0% | 15.8% | 8.6% | 8.4% |
1) at constant currency; 2) before special items
In an environment characterized by great uncertainty as a result of the coronavirus pandemic, the business of the Automotive Technologies division has done better in the course of the fourth quarter than expected when the guidance was published. This development was driven by all four regions.
The EBIT for the fiscal year 2020 including special items on a preliminary and unaudited basis amounts to EUR -143 million, including restructuring expenses and the impairment of goodwill in the first quarter 2020.
The final fiscal year 2020 results as well as the 2021 fiscal year guidance will be published as planned by Schaeffler AG on March 4, 2021.
“Revenue growth (at constant currency)”, “EBIT margin (before special items)” und “free cash flow before cash in- and outflows for M&A activities” have the meaning ascribed to them in the annual report 2019 on pages 15 and 30, which may be retrieved under www.schaeffler.com .
Contact
| Renata Casaro Head of Investor Relations, Schaeffler AG, Herzogenaurach Tel.: +49 9132 82-4440 Email: [email protected] |
Dr. Axel Lüdeke Vice President Business and Financial Communications & PR Schaeffler AG, Herzogenaurach Tel.: +49 9132 82-5000 Email: [email protected] |
26-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Schaeffler AG |
| Industriestr. 1-3 | |
| 91074 Herzogenaurach | |
| Germany | |
| Phone: | 09132 – 82 0 |
| E-mail: | [email protected] |
| Internet: | www.schaeffler.com |
| ISIN: | DE000SHA0159 |
| WKN: | SHA015 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1163367 |
| End of Announcement | DGAP News Service |