Schaeffler Group financials: growth in 1H 2011

31st August 2011 | 0 Comments

The Schaeffler Group says its first six months in 2011 have “set new records in sales and operating results”. The company has grown its net income to 641 million euros in the period, with EBIT rising 20 per cent to 883 million euros and margin at 16.4 per cent. The company expects sales to increase by “at least 10 per cent” and has an EBIT margin target of “more than 13 per cent” for the year. Schaeffler’s sales in the first six months rose by 18 per cent to approximately 5.4 billion euros.

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