Herzogenaurach

EQS-News: Schaeffler Group reappoints CEOs of both automotive divisions

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水曜日, 3月 13, 2024

Engineering, Marketing, Vitesco Technologies, Supervisory board, University, Automotive aftermarket, Herzogenaurach, Economics, Bearing, Management

Matthias Zink (54) has been a member of the Executive Board and the CEO of Schaeffler’s Automotive Technologies division since January 1, 2017.

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Matthias Zink (54) has been a member of the Executive Board and the CEO of Schaeffler’s Automotive Technologies division since January 1, 2017.
Matthias Zink began his working life in 1994 as a test engineer with the LuK Group, which became wholly owned by Schaeffler in 2000.
In the years that followed, he held various leadership positions in the Automotive Technologies division, among others in China.
Matthias Zink holds a degree in mechanical engineering with a major in automotive engineering from the University of Karlsruhe.

EQS-News: PUMA to become the new kit supplier of RB Leipzig

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水曜日, 3月 13, 2024

RB, DFL, Football, Bundesliga, Marketing, Partnership, Culture, RB Leipzig, PUMA, Red Bull Arena, News, Cobra Golf, Athlete, Herzogenaurach

Herzogenaurach, February 27, 2024 – Sports company PUMA has signed a long-term partnership with Bundesliga football club RB Leipzig and will equip all men’s, women’s and youth teams from the 2024/25 season onwards.

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Herzogenaurach, February 27, 2024 – Sports company PUMA has signed a long-term partnership with Bundesliga football club RB Leipzig and will equip all men’s, women’s and youth teams from the 2024/25 season onwards.
“The Red Bulls of RB Leipzig have made a name for themselves in a very short time, not just in Germany but also internationally,” said PUMA CEO Arne Freundt.
For RB Leipzig, the partnership with PUMA is another big and important step in the development of the club,” said Johann Plenge, Managing Director of RB Leipzig.
For 75 years, PUMA has relentlessly pushed sport and culture forward by creating fast products for the world’s fastest athletes.

EQS-News: Schaeffler publishes Sustainability Report 2023

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水曜日, 3月 13, 2024

With the publication of the Sustainability Report 2023, the company is not only creating transparency for its stakeholders but also highlighting its progress.

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With the publication of the Sustainability Report 2023, the company is not only creating transparency for its stakeholders but also highlighting its progress.
As Schaeffler CEO Klaus Rosenfeld comments: “Sustainability is an integral part of our corporate strategy.
As part of the Roadmap 2025, “Sustainability & Engagement” is the subprogram under which Schaeffler will ensure the consistent implementation of its sustainability strategy and the achievement of its sustainability goals.
The Schaeffler Group’s Sustainability Report provides information on the company’s key areas of focus in 2023 and on developments in key figures and objectives within the Schaeffler Group.

EQS-News: Announcement pursuant to Art. 5(1) lit. a) of Regulation (EU) No 596/2014 and Art. 2(1) of Delegated Regulation (EU) 2016/1052

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水曜日, 3月 13, 2024

Acquisition, Herzogenaurach, Share repurchase, European, PUMA, Council, News, European Parliament, Annual, Frankfurt Stock Exchange

a) of Regulation (EU) No 596/2014 and Art.

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a) of Regulation (EU) No 596/2014 and Art.
2(1) of Delegated Regulation (EU) 2016/1052
The issuer is solely responsible for the content of this announcement.
Announcement pursuant to Art.
In particular, the financial service provider is obliged to observe the trading conditions of Article 3 of Regulation (EU) 2016/1052.

EQS-News: CDP rating: Schaeffler receives an “A” score in the climate change category

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木曜日, 2月 8, 2024

Targets, CDP, Classification, Science Based Targets initiative, Climate change, Disclosure, Herzogenaurach, Water, Renewable energy

Herzogenaurach, Germany | February 8, 2024 | Schaeffler has been awarded an “A” score in the climate change category for 2023 by the global non-profit environmental organization CDP for its commitment to corporate transparency and performance.

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Herzogenaurach, Germany | February 8, 2024 | Schaeffler has been awarded an “A” score in the climate change category for 2023 by the global non-profit environmental organization CDP for its commitment to corporate transparency and performance.
In the water category, the score was “A-”.
Based on data obtained from the CDP questionnaire on climate change, Schaeffler is one of the few companies assessed in 2023, numbering in excess of 21,000, to achieve an “A” score.
CDP scores are widely used in investment and procurement decisions with a view to achieving a climate-friendly, sustainable, and resilient economy.

EQS-News: PUMA’s 2023 financial performance impacted by extraordinary Argentine peso devaluation

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火曜日, 1月 30, 2024

Capital market, Golf, Culture, Athlete, Devaluation, IAS, Free cash flow, Football, Risk, Herzogenaurach, News, Cobra Golf, Hyperinflation, PUMA, Marketing, Publication, Growth, Cryptocurrency

Excluding the extraordinary devaluation of the Argentine peso, PUMA delivered currency-adjusted sales growth above 8%, driven by the continued brand momentum and robust demand for its products.

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Excluding the extraordinary devaluation of the Argentine peso, PUMA delivered currency-adjusted sales growth above 8%, driven by the continued brand momentum and robust demand for its products.
The accounting treatment of the hyperinflationary economy Argentina and its significant devaluation of the Argentine peso mid of December resulted in an extraordinary impact on fourth quarter and financial year results for 2023.
Despite the extraordinary devaluation of the Argentine peso, fourth-quarter EBIT was strong with approx.
The devaluation of the Argentine peso especially impacted the fourth quarter financial result, resulting in a net income of approx.

EQS-News: Schaeffler AG and Vitesco Technologies Group AGSign Business Combination Agreement

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木曜日, 12月 21, 2023

Integration committee with equal representation to steer the integration process; first meeting already scheduled for this year

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Integration committee with equal representation to steer the integration process; first meeting already scheduled for this year
Swift completion of the overall transaction envisaged; Schaeffler and Vitesco will be stronger together
Herzogenaurach | November 27, 2023 | Schaeffler AG (“Schaeffler”) today entered into a Business Combination Agreement (“BCA”) with Vitesco Technologies Group AG (“Vitesco”) to jointly create a leading Motion Technology Company.
Under the BCA, Vitesco will constructively support the overall transaction including the ongoing public tender offer by Schaeffler and the subsequent merger of Vitesco with Schaeffler.
In the best interest of the combined company, Schaeffler and Vitesco will strive to achieve both, revenue and cost synergies.
The subsequently planned merger of Vitesco Technologies Group AG into Schaeffler AG will in turn require the approval of the respective Annual General Meetings of both companies.

EQS-News: European Investment Bank finances research and development of sustainable technologies at Schaeffler AG

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木曜日, 12月 21, 2023

European, Research, Hydrogen, Herzogenaurach, EIB, European Investment Bank, Renewable energy

Funding of research and development expenses for innovative technologies in the automotive and industrial sectors with a focus on renewable energies, electric mobility, and hydrogen

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Funding of research and development expenses for innovative technologies in the automotive and industrial sectors with a focus on renewable energies, electric mobility, and hydrogen
Herzogenaurach, Germany | December 21, 2023 | The European Investment Bank (EIB) has granted Schaeffler AG a loan of 420 million euros.
These funds with a term of up to ten years are earmarked for research and development in selected areas, with a focus on sustainable technologies in the European Union.
The funding will be used to cover part of the staff costs for research and development of innovative automotive and industrial technologies.
The European Investment Bank is also an ideal partner for putting our research and development financing for sustainable technologies on a broad footing.

EQS-News: Klaus Rosenfeld to remain CEO of Schaeffler AG for a further five-year term

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水曜日, 12月 20, 2023

IPO, Supervisory board, Schaeffler Group, CFO, Acquisition, Herzogenaurach, Management, Vitesco Technologies

Herzogenaurach, Germany | December 15, 2023 | At its meeting today, the Supervisory Board of Schaeffler AG resolved to reappoint Klaus Rosenfeld (57) as Chief Executive Officer for a further five-year term.

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Herzogenaurach, Germany | December 15, 2023 | At its meeting today, the Supervisory Board of Schaeffler AG resolved to reappoint Klaus Rosenfeld (57) as Chief Executive Officer for a further five-year term.
In June 2014, he was appointed permanent CEO of Schaeffler AG, whose IPO took place under his leadership in October 2015.
With the Roadmap 2025, Klaus Rosenfeld laid the foundation in 2020 for the further development of Schaeffler AG to become a leading motion technology company.
Georg F. W. Schaeffler, Family Shareholder and Chairman of the Supervisory Board of Schaeffler AG, said: “Klaus Rosenfeld stands for continuity and progress in equal measure.

EQS-News: Schaeffler AG has secured 29.88 percent of Vitesco Technologies Group AG with its public tender offer

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水曜日, 12月 20, 2023

Completion of tender offer and payment of consideration on January 5, 2024

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Completion of tender offer and payment of consideration on January 5, 2024
Extraordinary General Meeting and separate meeting of non-voting common shareholders on February 2, 2024, as next step
Herzogenaurach | December 20, 2023 | Schaeffler AG (“Schaeffler”) has announced the final result of the voluntary public tender offer (“tender offer”) for all outstanding shares of Vitesco Technologies Group AG (“Vitesco”).
Klaus Rosenfeld, CEO of Schaeffler AG, said: “We are very pleased with the result of the tender offer.
From January 5, 2024, Schaeffler AG will hold a stake of around 30 percent in Vitesco Technologies Group AG.
This publication is for information purposes only regarding the voluntary public tender offer (the “Offer”) of Schaeffler AG (“Schaeffler”) for all shares of Vitesco Technologies Group AG (“Vitesco” or the “Company”) and does not constitute a solicitation to sell or an offer to buy any of the securities of Vitesco.