Date: 2013-08-20

Schaeffler revenue this year is expected to remain optimistic

Schaeffler AG 2012 remain successful growth. Operating income increased 4% over 2011 levels, to about 11.1 billion euros. EBIT of about 1.4 billion euros, an EBIT margin of about 13%, continue to remain high. Schaeffler AG CEO expressed optimism about the company's results of operations in 2013: "North America and the Asia-Pacific region will continue to be the driving force of our growth. Group's 2013 business growth is expected to reach about 4%."
Schaeffler Group's growth is mainly due to market growth in North America and the Asia-Pacific, North American operations increased by 18%, Asian markets on the basis of a high level of the previous year, an increase of 10%. Even if the economy is still weak European market, the business growth of 0.3% over the previous year.
The company's automotive division in 2012 business to a new record annual automotive business increased by 7%, to 7.7 billion euros, much higher than the global automotive production growth. Industrial Division in the field of aerospace and heavy industry strong growth, partly to make up for the weak growth of other industries.
Corporate cash flow from operations in 2012 increased by 129 million euros to 1.2 billion euros, the company's long-term operational strength again. In addition, as of the end of 2012, the Group's net financial debt reduced to about 6.8 billion euros.
Schaeffler number of patent applications continues to grow year-on-year. 2012, reporting a total of 1,854 patents, among Germany's most innovative strength again. The company will continue to maintain the momentum of this R & D plan for research and development of new products in approximately 5% of the sales in 2013.
Schaeffler 2013 revenue is expected to be optimistic. The Group is expected to grow by about 2% of the global production of passenger cars and light commercial vehicles. Europe, the Group expects the automotive market will not be a quick recovery, and about 2% decline over the previous year. Industrial business, Schaeffler is expected there will be gradual recovery in demand in the second half of 2013, but regional differences will be obvious.

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