EQS-News: Schaeffler opens state-of-the-art technology center in Herzogenaurach
EQS-News: Schaeffler AG
/ Key word(s): Miscellaneous
Herzogenaurach, Germany | October 30, 2024 | Schaeffler AG has opened a cutting-edge technology center at its headquarters in Herzogenaurach. Around 90 million euros were invested in the construction of the technology center. The build was completed on schedule in two years and five months. The technology center has a footprint of more than 18,000 square meters and brings together core areas of expertise in materials science and materials engineering. These are vitally important for the development of technological innovations in the fields of electric mobility, battery technology and hydrogen. Klaus Rosenfeld, CEO of Schaeffler AG, explains: “The cutting-edge technology center in Herzogenaurach testifies to our company’s commitment to Germany as an industrial base and is a beacon of outstanding innovative strength and development excellence. These are qualities that have set Schaeffler apart for decades. Through the new technology center, we aim to bring innovations in promising growth areas to fruition even faster. This is part of our mission to form the leading motion technology company.” Technological milestone at company headquarters The entire office space was set up in accordance with “new work” principles and creates a work environment that fosters collaboration and interdisciplinary teamwork. The building meets the most stringent requirements for sustainability and has been certified to the DGNB (German Sustainable Building Council) gold standard. For example, it uses waste heat from production processes for heating. Uwe Wagner, Chief Technology Officer of Schaeffler AG, says: “Innovative materials are extremely important for sustainable solutions in the field of motion technologies, for example in electric mobility, robotics or wind power. The technology center in Herzogenaurach will set benchmarks and strengthen our global R&D network in the long term.” The new technology center’s “Motion Hub” is a separate area where the company will present its realigned range of products and services – which resulted from the acquisition of Vitesco Technologies and now features eight product families – to customers, suppliers and employees.
Forward-looking statements and forecasts Certain statements in this press release are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or developments to differ materially from those expressed or implied in the forward-looking statements. These risks, uncertainties and assumptions may have a negative impact on the results and financial consequences of the plans and developments described in this document. There is no obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, by means of a public announcement. Recipients of this press release should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. Statements contained in this press release regarding past trends or developments should not be regarded as statements that these trends and developments will continue in the future. The foregoing cautionary statements should be considered in connection with subsequent oral or written forward-looking statements made by Schaeffler or persons acting on its behalf.
Schaeffler Group – We pioneer motion The Schaeffler Group has been driving forward groundbreaking inventions and developments in the field of motion technology for over 75 years. With innovative technologies, products, and services for electric mobility, CO₂-efficient drives, chassis solutions and renewable energies, the company is a reliable partner for making motion more efficient, intelligent, and sustainable – over the entire life cycle. Schaeffler describes its comprehensive range of products and services in the mobility ecosystem by means of eight product families: From bearing solutions and all types of linear guidance systems through to repair and monitoring services. Schaeffler is with around 120,000 employees and more than 250 locations in 55 countries, one of the world’s largest family-owned companies and one of Germany’s most innovative companies.
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30.10.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Schaeffler AG |
Industriestr. 1-3 | |
91074 Herzogenaurach | |
Germany | |
Phone: | 09132 - 82 0 |
E-mail: | ir@schaeffler.com |
Internet: | www.schaeffler.com |
ISIN: | DE000SHA0019 |
WKN: | SHA015 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2019391 |
End of News | EQS News Service |
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2019391 30.10.2024 CET/CEST
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The most important financial data at a glance | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Sales1 | 14.241,00 | 14.427,00 | 12.600,00 | 13.852,00 | 15.809,00 | 16.313,00 | 16.800,00 | |
EBITDA1,2 | 2.175,00 | 1.769,00 | 1.116,00 | 2.230,00 | 1.963,00 | 1.836,00 | 0,00 | |
EBITDA-Margin3 | 15,27 | 12,26 | 8,86 | 16,10 | 12,42 | 11,26 | 0,00 | |
EBIT1,4 | 1.354,00 | 790,00 | -143,00 | 1.264,00 | 974,00 | 834,00 | 1.140,00 | |
EBIT-Margin5 | 9,51 | 5,48 | -1,14 | 9,13 | 6,16 | 5,11 | 6,79 | |
Net Profit (Loss)1 | 895,00 | 440,00 | -415,00 | 775,00 | 585,00 | 335,00 | 520,00 | |
Net-Margin6 | 6,29 | 3,05 | -3,29 | 5,60 | 3,70 | 2,05 | 3,10 | |
Cashflow1,7 | 1.606,00 | 1.578,00 | 1.254,00 | 1.276,00 | 1.139,00 | 1.348,00 | 0,00 | |
Earnings per share8 | 1,33 | 0,65 | -0,63 | 1,13 | 0,83 | 0,47 | 0,61 | |
Dividend per share8 | 0,55 | 0,45 | 0,24 | 0,50 | 0,45 | 0,45 | 0,30 |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: KPMG
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INVESTOR-INFORMATION | ||||||
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Schaeffler | ||||||
WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
SHA001 | DE000SHA0019 | AG | 3.975,13 Mio € | 09.10.2015 | Halten | 8FXGHV7P+6R |
PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
8,59 | 9,65 | 0,89 | 4,98 | 1,14 | 2,95 | 0,24 |
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
0,45 | 0,45 | 0,30 | 7,13% |
Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
24.04.2025 | 07.05.2025 | 06.08.2024 | 05.11.2024 | 05.03.2025 |
Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
-7,98% | -19,00% | -24,81% | -22,74% | -66,34% |
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