Slight Decline in Schaeffler Stock Value (4.627 €)

Schaeffler Prefers Shares

Schaeffler has slightly decreased in value. The stock fell by 1.2 percent, and dropped to 4.627 euros on Wednesday. Despite the decline, analysts remain optimistic about the company's future prospects.

Cautious Optimism Prevails

Schaeffler is expected to release its final figures for 2022 on March 9. The company is also set to release a dividend proposal. Experts generally expect profits to drop in the double-digit percentage range.

According to a provisional estimate, sales are likely to have increased by 13 percent to around 14.4 billion euros. That would be the highest level in the company's history.

The main factors driving the growth were a strong automotive industry and high demand for Schaeffler's industrial products. The company's focus on e-mobility and autonomous driving is also seen as a positive sign for the future.

A Look at Schaeffler and Its Performance

Schaeffler AG is a German automotive and industrial supplier headquartered in Herzogenaurach, Bavaria. The company was founded in 1946 by brothers Wilhelm and Georg Schaeffler, and has since grown into one of the world's leading manufacturers of bearings, power transmission components, and chassis systems.

Schaeffler's products are used in a variety of applications, including automotive, aerospace, industrial, and renewable energy. The company has a global workforce of over 83,000 employees and operates in over 50 countries.

In 2021, Schaeffler reported sales of €13.9 billion and adjusted earnings before interest and taxes (EBIT) of €2.2 billion. The company is listed on the Frankfurt Stock Exchange and is a member of the DAX index.