Company Overview of Schaeffler Technologies AG & Co. KG
Schaeffler Technologies AG & Co. KG develops, manufactures, and sells rolling bearings, spherical plain bearings, plain bearings, and linear products for the automotive industry in Germany and internationally. The company offers engine, transmission, and chassis systems and accessories. It also provides linear rolling bearings and linear plain bearings, magnetic bearing systems, maintenance products, linear guidance systems, and engine components for mechanical engineering, aerospace, and automotive industry; clutch systems, components for transmissions, dampers, and products for passenger cars, heavy vehicles, and tractors; high-precision bearings for power units in aircraft, helicopter, an...
Founded in 1946
Key Executives for Schaeffler Technologies AG & Co. KG
Chief Executive Officer, Managing Director and Member of Management Board
Chairman of the Managing Board, Chief Executive Officer and President
Partner, Co-Owner and Deputy Chairperson of The Supervisory Board
President of Sales and Engineering At Schaeffler Industrial Worldwide
Managing Director and Member of Management Board
Compensation as of Fiscal Year 2015.
Schaeffler Technologies AG & Co. KG Key Developments
Schaeffler and DMG MORI AKTIENGESELLSCHAFT Sign Marketing Agreement
Oct 9 15
DMG MORI AKTIENGESELLSCHAFT and Schaeffler Technologies AG & Co. KG have agreed a premium partnership. Schaeffler is now DMG MORI’s exclusive global marketing partner for “Bearings” and “Linear Guidance Systems”. As part of the partnership, Schaeffler will take part in future DMG MORI in-house exhibitions, technical seminars and training activities throughout the world. Specifically, this will give machine tool users access to bearings, linear technology and direct drive technology as well as new concepts in sensor technology and networking components and how they are used in predictive maintenance, increasing efficiency and process optimization.
Stefan Hantke Joins as Global Management of Sales and Engineering of Industrial Division at Schaeffler Technologies AG & Co. KG
Jun 22 15
On June 1, 2015, Stefan Hantke assumed global management of Sales and Engineering of the Industrial division of Schaeffler Technologies AG & Co. KG. In his new position, Hantke is member of the Industrial Division's Management Board and is responsible for the global sales management for rolling and plain bearing components and systems for around 60 different industrial sectors. He is also responsible for the 27 Schaeffler Technology Centers (STC) worldwide. Schaeffler Industrial is represented worldwide with locations and sales offices in around 50 countries, therefore enabling consultation and delivery to take place at the customers' premises. Hantke has more than 20 years of sales and engineering experience in the mechanical engineering sector, particularly in the field of bearing and linear technology. Most recently, Hantke was employed as President Industrial and was responsible for all of Schaeffler's Industrial division activities in North America.
Schaeffler Reports Earnings Results for the Year 2014; Provides Earnings Guidance for the Year 2015
Mar 26 15
Schaeffler reported earnings results for the year 2014. For the year, the company reported that it's net profit in 2014 soared to EUR 662 million from EUR 134 million a year earlier, boosted by growth throughout all divisions and strong demand from the automotive industry. Earnings before interest and tax (EBIT) soared 51.1% to EUR 1.52 billion. Revenues advanced 8.2% to EUR 12.1 billion.
The company predicts revenue growth of 5% to 7% in 2015. The EBIT margin is expected to be in the range of 12% to 13% this year compared with 12.6% in 2014.
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