FRANKFURT (dpa-AFX) - Shares in Schaeffler reacted with strong price gains on Tuesday to improved profitability in the first quarter. Leading the MDax, they were recently up 6 percent at 8.35 euros, recouping the losses of the past two weeks.
The automotive and industrial supplier earned slightly more in day-to-day operations at the start of the year than expected. While the Franconia-based group saw a setback in revenue, this was attributed to unfavorable exchange rates.
Schaeffler is making good progress in all divisions and is well-equipped to withstand uncertain times, according to analysis house Jefferies. Experts at Citigroup spoke of a robust start to 2026 and continue to view the outlook confirmed by the company as conservative./ajx/mis
