Date: 2013-08-01

Schaeffler maintains high earnings quality

* Revenue down slightly to approximately #8364;2.8 billion
* Automotive division growing at around 3 percent
* EBIT margin at 12.9 percent
* Free cash flow positive
* Forecast for the year confirmed

Schaeffler Group made a solid start in 2013, despite the challenging market environment. With revenue decreasing slightly to approximately #8364;2.8 billion compared to the very strong first quarter of 2012 due to market conditions, Schaeffler continued to maintain the high quality of its earnings, generating an EBIT margin of 12.9 percent.

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