Schaeffler

DGAP-News: Schaeffler AG: CFO Dr. Klaus Patzak is leaving Schaeffler AG

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Friday, July 30, 2021
Schaeffler Group, Economy of Germany, Georg F. W. Schaeffler, Schaeffler, Patzak, Germany, German people, Maria-Elisabeth Schaeffler

Herzogenaurach | July 30, 2021 | Dr. Klaus Patzak (56), Chief Financial Officer (CFO) of Schaeffler AG, has informed the Supervisory Board of Schaeffler AG of his wish to leave the company effective July 31, 2021.

Key Points: 
  • Herzogenaurach | July 30, 2021 | Dr. Klaus Patzak (56), Chief Financial Officer (CFO) of Schaeffler AG, has informed the Supervisory Board of Schaeffler AG of his wish to leave the company effective July 31, 2021.
  • Dr. Patzak was appointed CFO, which includes responsibility for Finance & IT, as a member of the Board of Managing Directors of Schaeffler AG on August 1, 2020.
  • On behalf of the Supervisory Board, I would like to thank him for his contribution to Schaeffler AG during the twelve months he headed Finance & IT.
  • We wish Dr. Patzak all the best for his personal and professional future," said Georg F. W. Schaeffler, family shareholder and Chairman of the Supervisory Board of Schaeffler AG.

DGAP-News: Schaeffler AG: Viktor Molnar appointed President Chassis Systems business division of the Schaeffler Group

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Wednesday, May 12, 2021
Schaeffler Group, Schaeffler, ATR, Economy of Germany, Secondary sector of the economy, Companies, Juergen M. Geissinger

b'The issuer is solely responsible for the content of this announcement.\nHerzogenaurach | May 12, 2021 | Viktor Molnar (45) will assume the management of the Chassis Systems business division at Schaeffler on June 1, 2021.

Key Points: 
  • b'The issuer is solely responsible for the content of this announcement.\nHerzogenaurach | May 12, 2021 | Viktor Molnar (45) will assume the management of the Chassis Systems business division at Schaeffler on June 1, 2021.
  • In this role, the native Hungarian will report to Matthias Zink, CEO of the Automotive Technologies division of Schaeffler AG, who has been managing the business division on a provisional basis for the interim period.
  • Working from a high level of production expertise, Schaeffler offers a wide range of products for innovative chassis applications ranging from components to mechatronic systems.
  • "With his outstanding specialist knowledge and many years of experience, he is optimally qualified to lead the Chassis Systems business division successfully into the future.

DGAP-News: Schaeffler AG: Schaeffler Group raises guidance for 2021

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Wednesday, May 12, 2021
Schaeffler Group, Schaeffler, Economy of Germany, Secondary sector of the economy, Companies

The Schaeffler Group\'s revenue for the reporting period amounted to 3,560 million euros (prior year: 3,281 million euros).

Key Points: 
  • The Schaeffler Group\'s revenue for the reporting period amounted to 3,560 million euros (prior year: 3,281 million euros).
  • Klaus Patzak, CFO of Schaeffler AG, said: "The Schaeffler Group has delivered strong results in the first quarter of 2021.
  • The group employed a workforce of 83,937 as at the reporting date.\nThe Schaeffler Group has raised its full-year guidance for 2021 and now expects revenue growth of more than 10 percent at constant currency (previously more than 7 percent).
  • The Schaeffler Group currently anticipates an increase in global production of passenger cars and light commercial vehicles by approximately 10 percent to 82 million vehicles produced.

Schaeffler is official sponsor and supplier of drive-by-wire technology for driverless "Indy Autonomous Challenge"

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Thursday, January 7, 2021
Schaeffler Group, Schaeffler, Industry manufacturing), Companies, Economy of Germany

The company will supply its patented "Space Drive" drive-by-wire technology developed by Schaeffler Paravan Technologie GmbH & Co.KG.

Key Points: 
  • The company will supply its patented "Space Drive" drive-by-wire technology developed by Schaeffler Paravan Technologie GmbH & Co.KG.
  • This makes Space Drive a key technology for autonomous driving, for which steering with the appropriate functional redundancy in accordance with ISO Standard 26262 ASIL-D is a basic requirement.
  • Schaeffler will be participating at this year's CES, where the company will showcase its e-mobility, e-motor and autonomous driving technologies.
  • About Schaeffler Paravan Technologie GmbH & Co. KG
    Schaeffler Paravan Technology GmbH & Co. KG specializes in the development of fail-safe drive-by-wire systems ("Space Drive") and chassis system solutions.

DGAP-News: Schaeffler AG: Schaeffler kicks off Roadmap 2025

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Wednesday, November 18, 2020
Schaeffler Group, Herzogenaurach, Schaeffler, Economy of Germany, States of Germany, Companies

HERZOGENAURACH | November 18, 2020 | The global automotive and industrial supplier Schaeffler presented its Roadmap 2025 today at its 2020 Capital Market Day (CMD).

Key Points: 
  • HERZOGENAURACH | November 18, 2020 | The global automotive and industrial supplier Schaeffler presented its Roadmap 2025 today at its 2020 Capital Market Day (CMD).
  • The Roadmap 2025 updates Schaeffler's business strategy to 2025, sets out a program for its implementation, and includes a set of medium-term targets.
  • At the start of the event, Klaus Rosenfeld, CEO of Schaeffler AG, emphasized that the Roadmap 2025 does not mark any radical change in strategic direction.
  • With the Roadmap 2025, the Schaeffler Group is successfully orienting its activities towards the future.

Ford Honors Schaeffler at the 22nd Annual World Excellence Awards

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Tuesday, November 17, 2020
Schaeffler Group, German patent law, Patent and Trademark Office, Companies, Schaeffler, DPMA, Deutsches Patent- und Markenamt, Ford Motor Company, Business, Industrial organization

FORT MILL, S.C., Nov. 17, 2020 /PRNewswire/ -- Schaeffler was recognized as a top-performing global supplier at the 22nd annual Ford World Excellence Awards.

Key Points: 
  • FORT MILL, S.C., Nov. 17, 2020 /PRNewswire/ -- Schaeffler was recognized as a top-performing global supplier at the 22nd annual Ford World Excellence Awards.
  • Schaeffler was announced as a "Brand Pillar: Propulsion Choices" winner during Ford Motor Company's virtual event on Oct. 30, 2020.
  • "Ford's annual World Excellence Awards recognize our top-performing suppliers for their contributions to our success," said Hau Thai-Tang, chief product platform and operations officer.
  • Moreover, with almost 2,400 patent applications in 2019, Schaeffler is Germany's second-most innovative company according to the German Patent and Trademark Office (DPMA).

DGAP-News: Schaeffler AG: Schaeffler reports strong 3rd quarter 2020

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Tuesday, November 10, 2020
Schaeffler Group, Herzogenaurach, Schaeffler, Economy of Germany, States of Germany, Germany, Georg F. W. Schaeffler, Maria-Elisabeth Schaeffler

- Recovery in 3rd quarter primarily driven by the two Automotive divisions; Industrial division revenue trend improved slightly compared to first half of 2020

Key Points: 
  • - Recovery in 3rd quarter primarily driven by the two Automotive divisions; Industrial division revenue trend improved slightly compared to first half of 2020
    - New full-year guidance for 2020 issued, uncertainty remains high in 4th quarter
    HERZOGENAURACH | November 10, 2020 | Global automotive and industrial supplier Schaeffler presented its interim report for the first nine months of 2020 today.
  • The Schaeffler Group earned 385 million euros in EBIT before special items in the first nine months of 2020, considerably less than in the prior year (883 million euros).
  • Dr. Klaus Patzak, CFO of Schaeffler AG, said: "At 333 million euros, the Schaeffler Group generated strong free cash flow in the third quarter.
  • The Schaeffler Group expects its full-year revenue to grow by -13.0 to -11.5 percent at constant currency in 2020.

DGAP-News: Schaeffler to refinance upcoming debt maturities

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Monday, October 5, 2020
Finance, Companies, Banks, Schaeffler Group, Bond, Bookrunner, Schaeffler, BNP Paribas

The proceeds from the new bond issue will be used for the proactive early refinancing of existing debt.

Key Points: 
  • The proceeds from the new bond issue will be used for the proactive early refinancing of existing debt.
  • Finally, it is planned to call a EUR 600 million bond issued by Schaeffler Finance B.V. early.
  • "Today's bond issuance by the Schaeffler Group is a proactive treasury management exercise to refinance upcoming debt maturities," said Dr. Klaus Patzak, CFO of Schaeffler AG.
  • Schaeffler mandated Bank of America, BNP Paribas, Deutsche Bank and HSBC to manage the placement as active joint bookrunners.

DGAP-News: Schaeffler AG: Extraordinary general meeting of Schaeffler AG approves authorized capital of up to 200 million shares

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Tuesday, September 15, 2020
Schaeffler Group, Corporate law, Herzogenaurach, Schaeffler, Extraordinary general meeting, Companies, Articles, Economy of Germany, Maria-Elisabeth Schaeffler

HERZOGENAURACH | September 15, 2020 | During the extraordinary general meeting, the global automotive and industrial supplier Schaeffler today approved the creation of authorized capital of up to 200 million shares.

Key Points: 
  • HERZOGENAURACH | September 15, 2020 | During the extraordinary general meeting, the global automotive and industrial supplier Schaeffler today approved the creation of authorized capital of up to 200 million shares.
  • Schaeffler AG sees the creation of this authorized capital as a purely anticipatory resolution.
  • If the authorized capital is used, the new common non-voting shares must be offered for subscription to all of Schaeffler's existing shareholders for a subscription period of two weeks.
  • The extraordinary general meeting of Schaeffler AG was held as a virtual event in accordance with the requirements of COVID-19 legislation.

DGAP-News: Schaeffler AG: Schaeffler accelerates transformation and strengthens competitiveness

Retrieved on: 
Wednesday, September 9, 2020
German patent law, Schaeffler Group, Deutsches Patent- und Markenamt, Patent and Trademark Office, DPMA, Schaeffler, Patent, Motorola, Companies, Business, Industries

The automotive industry, which was already undergoing structural transformation amid the move to electrification, has been hit hard by the COVID-19 crisis.

Key Points: 
  • The automotive industry, which was already undergoing structural transformation amid the move to electrification, has been hit hard by the COVID-19 crisis.
  • The second is to strengthen the company's competitiveness and build up local capabilities at selected locations in Germany.
  • We're a family business, so we know just how vital that is to achieving successful change and transformation at Schaeffler."
  • With almost 2,400 patent applications in 2019, Schaeffler is Germany's second most innovative company according to the DPMA (German Patent and Trademark Office).