|
International automotive and industrial supplier Schaeffler remains keep successful trend in the first half of 2013. Although the automotive and industrial division’s revenue trends are different, the company 2013 first half sales still reached 5.6 billion Euros. Automotive division sales growth about 6 % reached to 4.1 billion Euros; Industrial Division sales fell 14 percent to 1.5 billion Euros. "We are delighted with automotive division performance despite the challenging market environment in Europe, Automotive division is still very well maintained the momentum of development, but failed to maintain last year's Industry Division encouraging results, because current industry is full of uncertainty, however, the company’s EBIT margin of 12.9% remains that we continue to maintain a high quality of revenue . " Schaeffler AG CEO Jorgen • M • Gaixin Ge Ph.D. (Dr. Juergen M. Geissinger) said. First-half EBIT of € 724 million (compared with € 780 million last year) . Net profit of 561 million Euros (504 million Euros last year ) . At the end of June, Schaeffler Group employed a total of 76,840 people. New skilled people mainly worked in production and production-related sectors - mainly in Asia and North America. 2013 Outlook Taking into account the first half of 2013 Industrial Division sales decreased significantly, and is still slowly recovering global economy and China’s economy weak momentum, Schaeffler Group currently expects 2013 full-year sales growth of 1-2%. "We continue to expect sales of the automotive division to maintain sustained growth above the market; however, we may still not be able to cancel the current Industrial Division Sales revenue weakness." Explains Dr. Gaixin Ge . Group still insists on its ambitious earnings targets. “As the automotive division’s revenue situation is very stable, we are still looking forward to the Schaeffler Group is able to achieve 2013 full-year EBIT margin of about 13 % of the target." Stressed Dr. Gaixin Ge . FAG HCS71916C.T.P4S.UL| FAG HCS71913E.T.P4S.UL | FAG HCS71914C.T.P4S.UL | FAG HCS71912E.T.P4S.UL | FAG HCS71911E.T.P4S.UL | FAG HCS7010C.T.P4S.UL | FAG HCS71906E.T.P4S.UL | FAG HCS7008C.T.P4S.UL | FAG HCS71906C.T.P4S.UL | FAG HCS71905E.T.P4S.UL |
