EQS-News: Schaeffler AG: Schaeffler AGM approves dividend and appoints new Supervisory Board member
EQS-News: Schaeffler AG
/ Key word(s): AGM/EGM
Dividend of 45 eurocents per common non-voting share “Schaeffler is a strong company and delivered a solid performance in 2022 despite the challenging environment,” said the Chief Executive Officer of Schaeffler AG, Klaus Rosenfeld. “We want all investors to be able to participate in our company’s success and are, once again, paying an attractive dividend. Our performance in 2023 to date is in line with expectations, and we are well on track to reach our targets.” Solid 2022 performance despite challenging environment 2 billion euros on the back of strong demand in the repair and spare parts business. In addition, the Group’s Industrial division achieved strong organic growth, flanked by three key acquisitions. Klaus Rosenfeld pointed to this uniquely diversified position as being the basis for the Schaeffler Group’s continuing strong balance sheet in 2022 and hence its ability to pay an attractive dividend. Sustainability strategy further refined The company’s central focus here is to systematically align its sustainability strategy with the three ESG dimensions of environmental, social, and governance. As the basis for implementing this strategy, the Schaeffler Group has defined its core sustainability focus areas and its expectations and requirements of external stakeholders. These are backed by concrete targets and measurable key performance indicators. The fact that sustainability is closely interwoven with the business activities and opportunities of Schaeffler’s three divisions was illustrated by three specific examples. Firstly, the Automotive Technologies division’s 50 million euros investment during the 2022 financial year in its e-mobility development and manufacturing campus in Bühl. Secondly, the predominant role of the principles of circular economy in the Automotive Aftermarket division. These principles are being followed in Schaeffler’s repair and spare parts business and are being picked up throughout the group. Thirdly, the Industrial division is currently stepping up its work on scalable solutions for hydrogen production, a technology that also offers synergies across both Automotive Technologies and Industrial divisions. This further highlights the benefits of the company’s balanced diversification. Maria-Elisabeth Schaeffler-Thumann steps down from Supervisory Board “On behalf of the Supervisory Board, but of course also personally, I would like to thank my mother, Ms. Maria-Elisabeth Schaeffler-Thumann, for her successful work during the last 27 years for the benefit of the company and its employees. Even though she will remain a shareholder and Managing Director in INA Holding, this is her last day as a Supervisory Board member of Schaeffler AG,” said Family Shareholder and Chairman of the Supervisory Board Georg. F. W. Schaeffler. “At the same time, we are delighted to welcome Katherina Reiche, a seasoned manager in the field of hydrogen who brings a wealth of experience to our Supervisory Board.” The voting results and the reports of the Supervisory Board and CEO at today’s Annual General Meeting will soon be available at www.schaeffler.com/agm The annual report is available at www.schaeffler-annual-report.com. Photos from the AGM are available here.
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 events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any 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 events should not be taken as representation that such trends or events will continue in the future. The cautionary statements set out above should be considered in connection with any subsequent written or oral forward-looking statements that Schaeffler, or persons acting on its behalf, may issue.
Schaeffler Group – We pioneer motion As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking developments in the fields of motion and mobility for more than 75 years. With innovative technologies, products, and services in the fields of CO₂-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable – throughout the entire lifecycle. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of EUR 15.8 billion in 2022 With around 83,000 employees, Schaeffler is one of the world’s largest family companies. With more than 1,250 patent applications in 2022, Schaeffler is Germany’s second most innovative company according to the DPMA (German Patent and Trademark Office).
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20.04.2023 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: | DE000SHA0159 |
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: | 1613181 |
End of News | EQS News Service |
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1613181 20.04.2023 CET/CEST
Schaeffler AG Aktie
Schaeffler AG wird von der Community leicht favorisiert: Mehr Buy- als Sell-Einschätzungen.
Ein prognostiziertes Kursziel von 6 € für Schaeffler AG zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 4.54 €.