Schaeffler shares fall 3.15 percent to €4.51

Schaeffler shares continue to fall

Schaeffler shares continued to fall on Monday, losing 3.15 percent to €4.51. This marks a decline of more than 10 percent since the start of the year, as investors continue to worry about the impact of the global economic slowdown on the company's business.

Declining sales in China

One of the main factors weighing on Schaeffler's share price is the decline in sales in China, the company's largest market. In the first half of 2023, Schaeffler's sales in China fell by 15 percent, as the country's economy has slowed down amid the COVID-19 pandemic and the ongoing trade war with the United States.

Weakening global economy

The weakening global economy is also having a negative impact on Schaeffler's business. As companies around the world reduce their spending, demand for Schaeffler's products is likely to decline. This is especially true in the automotive industry, which is one of Schaeffler's key markets.

Rising costs

Schaeffler is also facing rising costs, which are putting pressure on its profit margins. The company's costs have increased as a result of the rising cost of raw materials and labor. Schaeffler has been trying to offset these costs by raising prices, but this has had a limited impact on its profitability.

Outlook for Schaeffler shares

The outlook for Schaeffler shares is uncertain. The company is facing a number of challenges, including the decline in sales in China, the weakening global economy, and rising costs. These challenges are likely to continue to weigh on Schaeffler's share price in the near term.

Conclusion

Schaeffler shares have been under pressure in recent months as investors worry about the impact of the global economic slowdown on the company's business. The company is facing a number of challenges, including the decline in sales in China, the weakening global economy, and rising costs. These challenges are likely to continue to weigh on Schaeffler's share price in the near term.