Company Overview of Schaeffler AG
Schaeffler AG, together with its subsidiaries, develops and manufactures precision products for machines, plants, vehicles, and aerospace applications worldwide. It operates through two divisions, Automotive and Industrial. The Automotive division offers wheel bearings, chassis and steering components, clutch systems, transmission components, torsion dampers, valve train and control systems, camshaft phasing units, electric drives, and engine components for the manufacturers of passenger cars and commercial vehicles, and automotive suppliers, as well as companies focusing on the distribution of spare parts for passenger cars and commercial vehicles. The Industrial division provides rolling a...
Founded in 1883
Key Executives for Schaeffler AG
Chief Executive Officer and Member of The Executive Management Board
Chief Financial Officer and Member of Board of Managing Directors
Chief Operating Officer and Member of the Executive Management Board
Member of the Executive Management Board and Chief Executive Offiver of Automotive
Member of the Executive Management Board and Chief Executive Officer of Automotive
Compensation as of Fiscal Year 2014.
Schaeffler AG Key Developments
Schaeffler AG Announces Executive Changes
Apr 28 15
The Supervisory Board of Schaeffler AG has appointed Dr. Stefan Spindler as Member of the Board of Managing Directors at Schaeffler AG as of May 1, 2015. Before joining the Schaeffler Group, Dr. Spindler was a Member of the Executive Board at Bosch Rexroth responsible for the 'Mobile Applications' business division. He is successor to Robert Schullan, CEO of the Industrial division, who will leave the Schaeffler Group at his own request on May 1, 2015 to pursue new career opportunities.
Schaeffler Group Announces Earnings Results for the Full Year of 2014
Mar 26 15
Schaeffler Group announced earnings results for the full year of 2014. The company has generated over EUR 12.1 billion in revenue, representing growth of 8.2% from the prior year. The company's EBIT has increased to EUR 1,523 million compared to EUR 1,008 million a year ago, while the EBIT margin has improved to 12.6% compared to 9.0% a year ago. Net income amounted to EUR 654 million. The company has significantly raised its capital expenditures, investing EUR 857 million compared to EUR 572 million a year ago, in new products and technologies as well as in the expansion of the group's global production network. Cash flows from operating activities before one-time outflows were EUR 1.3 billion compared to EUR 1.0 billion a year ago. One-time outflows amounted to EUR 371 million. This resulted in total positive free cash flow of EUR 48 million for 2014 compared to EUR 473 million a year ago.
Schaeffler To Reportedly List
Jan 20 15
Schaeffler AG is considering a listing in what could be a multibillion-euro stock offering, Wall Street Journal reported citing people familiar with the situation. Though Schaeffler AG's owners Maria-Elisabeth Schaeffler-Thumann and her son Georg Schaeffler are yet to give the green light to an initial public offering, floating a minority stake in Schaeffler AG is a likely option, the people said. Schaeffler AG is yet to mandate investment banks to pursue the initial public offering. A Schaeffler AG spokesman declined to comment.
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