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(May 17, 2011)
Sales for Q1 2011 increase 25% to approximately #8364;2.7 billion
EBIT at #8364;472 million (up 41% from prior year quarter)
Net income at #8364;438 million
Positive free cash flow
Outlook for 2011 still positive
Schaeffler Group has had a strong start to 2011, reaching record levels of sales, EBIT and net income for the first quarter.
"The excellent performance in the first quarter of 2011 is driven by broad growth across all sectors and regions" stated Dr. Juergen M. Geissinger, CEO of Schaeffler Group. "Thanks to our innovative products, the large scope of our product range, and our focus on regional and industrial growth areas, we were able to again clearly outperform the strong market growth."
Schaeffler Group sales increased 25 percent to approximately #8364;2.7 billion. Both divisions were able to benefit from increased customer demand. Automotive division sales increased 22 percent to #8364;1,822 million (Q1 2010: #8364;1,491 million), while the Industrial division was able to grow its sales by 33 percent to #8364;855 million (Q1 2010: #8364;641 million). Schaeffler Group EBIT for the first quarter of 2011 was #8364;472 million, increasing 41 percent from the first quarter of 2010.
Schaeffler Group
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 6813-2RU KOYO | 65 | 85 | 10 |
| 6312-2RU KOYO | 60 | 130 | 31 |