EQS-Adhoc: Schaeffler AG: Based on preliminary figures, EBIT margin before special items for fiscal year 2024 below group guidance

Disclosure of an inside information according to Article 17 MAR of the Regulation (EU) No 596/2014

Schaeffler AG: Based on preliminary figures, EBIT margin before special items for fiscal year 2024 below group guidance

Herzogenaurach, 21 January 2025 – Schaeffler AG (DE000SHA0019) releases results for fiscal year 2024 based on preliminary and unaudited figures. Accordingly, sales increased to 18.2 EUR bn (FY 2023: 16.3 EUR bn; guidance: significant sales growth; market consensus as of 21 October 2024: 18.5 EUR bn) in 2024. Sales growth was mainly driven by the full consolidation of Vitesco Technologies from Q4 2024 onwards.

Based on the preliminary results, Schaeffler AG’s EBIT margin before special items for the full year 2024 is anticipated to amount to 4.5 % (FY 2023: 7.3 %; guidance: 5 to 8 %; market consensus as of 21 October 2024: 6.3 %), mainly burdened by weak Q4 developments in the Bearings & Industrial Solutions Division and at Vitesco Technologies. In the fiscal year 2024 segmental reporting, Vitesco Technologies in total will be reported in the “Others” segment.

At the same time, Schaeffler AG’s free cash flow before cash in- and outflows for M&A activities of roughly 360 EUR mn (FY 2023: 421 EUR mn; guidance: 200 to 300 EUR mn; market consensus as of 21 October 2024: 274 EUR mn) was better than anticipated.

Schaeffler AG’s final results for the past fiscal year 2024 and guidance for the current fiscal year 2025 will be released at the annual press conference on 5 March 2025.

Important information:

Various known and unknown risks, uncertainties and other factors could cause Schaeffler's actual results, its financial position, growth or performance to differ materially from the figures presented herein. Explanations and reconciliations of key financial figures used can be found in the annual report 2023 of Schaeffler AG (available at https://www.schaeffler.com/en/investor-relations/events-publications/earnings-releases/).

Contact:

Heiko Eber, Head of Investor Relations

Tel.: +49 9132 82 88125
E-Mail: heiko.eber@schaeffler.com

Dr. Axel Luedeke, Head of Group Communications & Public Affairs

Tel.: +49 9132 82 8901
E-Mail: presse@schaeffler.com