19.03.2020 Schaeffler AG  DE000SHA0159

DGAP-News: Schaeffler AG: Schaeffler adjusts production in automotive business


 

DGAP-News: Schaeffler AG / Key word(s): Miscellaneous
Schaeffler AG: Schaeffler adjusts production in automotive business

19.03.2020 / 14:23
The issuer is solely responsible for the content of this announcement.


Schaeffler adjusts production in automotive business
 

- Corona crisis requires rapid and flexible adjustments to production in Germany and Europe in automotive business

- Adjustments will be made in a location-specific manner and consider the specific needs of the divisions

- Joint package of measures agreed with employee representatives - implementation already underway

- The health of employees, protection of global supply chains, and support for customers have the highest priority


Herzogenaurach | March 19, 2020 | The increasing spread of the coronavirus in Europe has forced more and more companies during the past few days to significantly reduce or temporarily stop their production. As a result, the global automotive and industrial supplier Schaeffler will adjust its production capacities in Germany and Europe. Adjustments will be made in a location by location and will consider the specific requirements in the divisions. As before the health and safety of employees, the protection of supply chains, and the support for customers remain our highest priorities.

In order to implement the adjustments in a quick, efficient, and equitable manner, the company agreed a set of measures yesterday evening with employee and Works Council representatives that provides for a range of different instruments. This agreement is based on the conviction that the crisis can only be managed jointly, as the situation dictates, and in close collaboration with all those involved. The agreed set of measures comprises regulations regarding short-time work, which we have decided upon due to the crisis, in addition to proven instruments such as closure days, using hours in flextime accounts, and plant holidays. This package applies to all locations in Germany.

"The spread of the coronavirus presents a major challenge for all companies. Our top priorities at Schaeffler are to protect the health of our employees, keep our supply chains intact as far as possible, and minimize the impact of this crisis on our customers. We must therefore respond with speed and flexibility in order to adjust our production capacities specific to each location.

The package of measures which we agreed with employee representatives in Germany is a significant contribution to achieving this goal", said Klaus Rosenfeld, CEO of Schaeffler AG.

"As we have to reduce production in our plants in the light of this crisis, it was important to us that flexible solutions be quickly established, which are adapted to the individual locations in Germany and which affect our employees as little as possible," said Jürgen Wechsler, representative of IG Metall at Schaeffler AG.

Implementation of these measures has immediately started.

 

About Schaeffler
The Schaeffler Group is a leading global supplier to the automotive and industrial sectors. The portfolio includes high-precision components and systems for engine, transmission, and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group is already shaping "Mobility for tomorrow" to a significant degree with innovative and sustainable technologies for electric mobility, digitalization, and Industry 4.0. The technology company generated sales of approximately 14.4 billion euros in 2019. With around 87,700 employees, Schaeffler is one of the world's largest family companies and, with approximately 170 locations in over 50 countries, has a global network of manufacturing locations, research and development facilities, and sales companies. With just under 2,400 patent applications in 2019, Schaeffler is Germany's second most innovative company according to the DPMA (German Patent and Trademark Office).

 
 

Contacts

Thorsten Möllmann
Senior Vice President Global
Communications & Branding
Schaeffler AG, Herzogenaurach, Germany

phone +49 9132 82 5000
e-mail: [email protected]
Renata Casaro
Head of Investor Relations

Schaeffler AG, Herzogenaurach, Germany

phone +49 9132 82 4440
e-mail: [email protected]
Bettina Lichtenberg
Vice President Corporate Communications
Schaeffler AG, Herzogenaurach,
Germany

phone +49 9132 82 5000
e-mail: [email protected]m
Johann Eisenmann
Investor Relations
Schaeffler AG, Herzogenaurach, Germany

phone +49 9132 82 4440
e-mail: [email protected]
 
 


19.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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; Luxembourg Stock Exchange
EQS News ID: 1001845

 
End of News DGAP News Service

1001845  19.03.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 14.021,00 14.241,00 14.427,00 12.600,00 13.852,00 15.809,00 16.313,00
EBITDA1,2 2.295,00 2.175,00 1.769,00 1.116,00 2.230,00 1.963,00 1.836,00
EBITDA-Marge3 16,37 15,27 12,26 8,86 16,10 12,42
EBIT1,4 1.528,00 1.354,00 790,00 -143,00 1.264,00 974,00 834,00
EBIT-Marge5 10,90 9,51 5,48 -1,13 9,13 6,16 5,11
Jahresüberschuss1 997,00 895,00 440,00 -415,00 775,00 585,00 335,00
Netto-Marge6 7,11 6,28 3,05 -3,29 5,60 3,70 2,05
Cashflow1,7 1.778,00 1.606,00 1.578,00 1.254,00 1.276,00 1.139,00 1.348,00
Ergebnis je Aktie8 1,48 1,33 0,65 -0,63 1,13 0,83 0,47
Dividende8 0,55 0,55 0,45 0,24 0,50 0,45 0,50
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Schaeffler VZ
WKN Kurs in € Einschätzung Börsenwert in Mio. €
SHA015 6,250 Kaufen 4.162,50
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,93 10,02 0,90 7,40
KBV KCV KUV EV/EBITDA
1,20 3,09 0,26 4,99
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,45 0,45 7,20 25.04.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
07.05.2024 06.08.2024 05.11.2024 05.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
2,01% 11,29% 11,71% -7,95%
    
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Automobilzulieferer , SHA015 , SHA , XETR:SHA