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Schaeffler 2016 revenue of 13.3 billion euros

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2017-04-06

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 Schaeffler group has released a preliminary key data for fiscal 2016. Revenue at a fixed rate increased by 3.4%, to around 13.3 billion euros (about 13.2 billion euros a year:), earnings before interest and tax of about 1.7 billion euros (previous year: 1.676 billion euro). On this basis, regardless of the special project ebit margin of 12.7% (last year: 12.7%). Free cash flow increased to about 730 million euros (previous year: 370 million euro).

Schaeffler group chief executive Klaus. Rosenfeld (KlausRosenfeld) said: "we in fiscal 2016 to a successful, has achieved great results. Compared with last year, we deduct the one-off factors to improve the sales and business performance. In addition, our free cash flow is also improved significantly."

Promote the growth performance of the main driving force comes from the car business, its performance beyond the market level again, faster than the global production at the levels of passenger car and light commercial vehicles. Industrial business is scheduled to take the measures to improve efficiency and reduce cost. In addition, in the fourth quarter also signed a number of important customer project.

In 2017, the schaeffler group is expected revenue according to the fixed exchange rate will increase by 4% ~ 4%. On this basis, the company expects the same as the previous years, regardless of the special project ebit margin of 12% ~ 12%. Schaeffler group expects 2017 free cash flow of about 600 million euros.

Rosenfeld explains: "the 'high efficiency drive, try' strategy, we create the prerequisites for profitable and sustainable growth. Automotive business, we will gradually focus to the electric drive, and has received several orders for mass production. Industrial business, we think the schaeffler in a good position in the market, the future can benefit from the opportunities brought about by the industrial 4.0."