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Company Overview of Schaeffler Technologies AG & Co. KG

Company Overview

Schaeffler Technologies AG & Co. KG develops, manufactures, and supplies automotive and industrial products and system solutions for customers in Germany and internationally. The company offers automotive products, such as engine, transmission, chassis systems, and electric mobility systems. It also provides industrial products, such as FAG SNS plummer block housings; INA and FAG cylindrical roller bearings; bearing test rigs for wind power; turbine bearings for water power; rolling bearings for the paper industry; FAG axle-box generators for the railway industry; bearing supports and system solutions for motorcycles; sensor bottom brackets for bicycles; production machinery; rolling bearing...

Industriestraße 1-3

Herzogenaurach,  91074

Germany

Founded in 1946

Phone:

49 91 32 820

Fax:

49 91 32 8249 50

Key Executives for Schaeffler Technologies AG & Co. KG

Chief Executive Officer, Managing Director and Member of Executive Board
Age: 50
Co-Owner, Deputy Chairperson of the Supervisory Board and Partner
Chief Financial Officer and Member of Executive Board
Age: 52
Chief Operating Officer and Member of Executive Board
Age: 54
President of Sales and Engineering At Schaeffler Industrial Worldwide
Compensation as of Fiscal Year 2016.

Schaeffler Technologies AG & Co. KG Key Developments

Schaeffler Technologies AG & Co. KG Reports Earnings Results for the First Quarter Ended March 31, 2016; Reaffirms Earnings Outlook for the Year 2016

Schaeffler Technologies AG & Co. KG reported earnings results for the first quarter ended March 31, 2016. For the period, the company’s revenue was €3.3 billion, slightly above the prior year level. EBIT (earnings before interest and taxes) declined by 3.0% to €421 million compared to the prior year. The company increased its net income by approximately 52% to €253 million against €167 million a year ago. The Schaeffler Group generated cash flows from operating activities of €206 million against €184 million for same period a year ago. Capital expenditures amounted to €318 million against €244 million a year ago. Net financial debt amounted to €4.9 billion as at March 31, 2016. The company confirmed its guidance for 2016 as a whole. The Schaeffler Group continues to anticipate revenue growth of 3% to 5% at constant currency, an EBIT margin of 12% to 13% before special items, and a free cash flow of approximately €600 million for the year as a whole.

Schaeffler Technologies AG Approves Ordinary Dividend and Special Dividend

On April 22, the shareholders of Schaeffler AG agreed a dividend yield of 50 cents per share at the first annual general meeting after the listing on the stock exchange. The dividend consists of an ordinary dividend of 35 cents per common non-voting share and 34 cents per common share, and a one-time special dividend of 15 cents per share. Based on the company results adjusted for special items, this corresponds to a dividend payout ratio of 41.6% and a dividend yield of 3.4% based on the average share price for 2015.

Schaeffler Announces Earnings Results for the Fourth Quarter and Year Ended of December 31, 2015

Schaeffler announced earnings results for the fourth quarter and year ended of December 31, 2015. For the quarter, the company reported a net income of EUR 70 million, down 67.4% year on year. The company's revenues were up 4.6% year on year to EUR 3.2 billion, while EBITDA fell 29.4% year on year to EUR 331 billion. The company's net debt decreased 15.4% year on year to EUR 4.6 billion. For the full year, the company reported net income of EUR 591 million, down 9.6% year on year. Revenues were up 9.1% y/y to EUR 13.2 billion, while EBITDA fell 3.5% y/y to EUR 2.1 billion.

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