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Schaeffler AG (SFFLY)
| Previous close | 5.14 |
| Open | 5.14 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 5.14 - 5.14 |
| 52-week range | 5.14 - 5.14 |
| Volume | |
| Avg. volume | 0 |
| Market cap | 4.442B |
| Beta (5Y monthly) | 1.36 |
| PE ratio (TTM) | 4.53 |
| EPS (TTM) | 1.13 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 26 Apr 2024 |
| 1y target est | N/A |
- Reuters
Germany's Schaeffler misses expectations for 2023 core profit
(Reuters) -German automotive and industrial supplier Schaeffler AG reported 2023 full-year adjusted core profit (EBIT) of 1.19 billion euros ($1.29 billion) on Tuesday, weighed down by weak demand in China for the group's Industrial division. The profit missed a consensus of 1.24 billion euros for the year compiled by Vara Research and supplied by the company, but was up 13.5% from 2022. A supplier to machine and vehicle makers, Schaeffler's fortunes are closely tied to broader industrial activity.
ReutersVitesco says new Schaeffler offer for EV merger 'inadequate'
Germany's billionaire Schaeffler family holds all voting rights and 75% of shares in its namesake supplier of electric vehicle components. However, under pressure from some investors, who said the original offer of 91 euros per share was too low, it increased its offer price to 94 euros ($102.53) per share in Vitesco. The companies have agreed to merge the two groups to create a more competitive supplier in the electric vehicle segment, as well as simplifying the Schaeffler family's empire, which includes stakes in Vitesco and Continental AG.
- Reuters
UPDATE 1-Siemens and Microsoft to work together on AI project
Siemens and Microsoft on Tuesday announced a joint project to use artificial intelligence to increase productivity and human-machine collaboration. The Siemens Industrial Copilot scheme will see the two companies work together to use generative AI for the manufacturing, transportation and healthcare industries. German automotive supplier Schaeffler AG is among the companies to have adopted the Siemens Industrial Copilot, Siemens said.
