17.12.2015
Schaeffler AG DE000SHA0159
DGAP-Adhoc: Schaeffler AG: Schaeffler recognizes provision for legal risks
Schaeffler AG / Key word(s): Miscellaneous
17.12.2015 18:07
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc Release
Schaeffler recognizes provision for legal risks
HERZOGENAURACH, December 17, 2015. Today, Schaeffler AG has decided to
recognize a provision for legal risks in the amount of EUR230 million. The
provision is intended to cover potential claims from third parties in
relation to the EU antitrust proceedings that were closed in March 2014.
The company is accounting for the provision as a special item in earnings
before interest and taxes (EBIT) in the fourth quarter of 2015. The
earnings forecast for the current business year 2015 remains unchanged. The
company still expects to achieve an EBIT margin of between 12 and 13
percent before special items for the full year 2015.
Contact:
Christoph Beumelburg
Senior Vice President Communications, Marketing and Investor Relations
Schaeffler AG
Tel. +49 9132 82 5000
e-mail: [email protected]
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Forward-looking statements:
Certain statements in this release are forward-looking statements. By their
nature, forward-looking statements involve a number of risks, uncertainties
and assumptions that could cause actual results or events to differ
materially from those expressed or implied by the forward-looking
statements. These risks, uncertainties and assumptions could adversely
affect the outcome and financial consequences of the plans and events
described herein. No one undertakes any obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. You should not place any undue
reliance on forward-looking statements which speak only as of the date of
this release. Statements contained in this release regarding past trends or
events should not be taken as representation that such trends or events
will continue in the future. The cautionary statements set out above should
be considered in connection with any subsequent written or oral
forward-looking statements that Schaeffler, or persons acting on its
behalf, may issue.
17.12.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Schaeffler AG
Industriestr. 1-3
91074 Herzogenaurach
Germany
Phone: 09132 - 82 0
Fax:
E-mail: [email protected]
Internet: www.schaeffler.com
ISIN: DE000SHA0159
WKN: SHA015
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
Tradegate Exchange; Luxemburg
End of Announcement DGAP News-Service
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