Klaus Rosenfeld, CEO of Schaeffler AG, stated: "The strong first quarter of 2021 puts us in a position to raise our guidance for the full year 2021 despite the existing uncertainties, helped by the fact that the structural measures initiated are proving effective. We remain cautious despite the recovery tendencies. With our Roadmap 2025, we are strategically well positioned to harness growth potential in key areas of future technology." 


 
^1) at constant currency; ^2) before special items; ^3) LVP: global production of passenger cars and light commercial 
vehicles.

Forward-looking statements and projections Certain statements in this press release are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this press release. Statements contained in this press release regarding past trends or events should not be taken as representation that such trends or events will continue in the future. The cautionary statements set out above should be considered in connection with any subsequent written or oral forward-looking statements that Schaeffler, or persons acting on its behalf, may issue.

Schaeffler Group - We pioneer motion As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking inventions and developments in the fields of motion and mobility for over 70 years. With innovative technologies, products, and services for CO?-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of approximately EUR 12.6 billion in 2020. With around 83,900 employees, Schaeffler is one of the world's largest family companies. With over 1,900 patent applications in 2020, Schaeffler is Germany's second most innovative company according to the DPMA (German Patent and Trademark Office).

Contacts 


Dr. Axel Lüdeke                        Renata Casaro 
Communications & Public Affairs        Head of Investor Relations 
Schaeffler AG, Herzogenaurach, Germany Schaeffler AG, Herzogenaurach, Germany 
phone: +49 9132 82 8901                phone: +49 9132 82 4440 
email: axel.luedeke@schaeffler.com     email: ir@schaeffler.com 
Matthias Herms                         Johann Eisenmann 
Financial Communications               Investor Relations 
Schaeffler AG, Herzogenaurach, Germany Schaeffler AG, Herzogenaurach, Germany 
phone: +49 9132 82 5000                phone: +49 9132 82 4440 
email: presse@schaeffler.com           email: ir@schaeffler.com 
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2021-05-12 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de ----------------------------------------------------------------------------------------------------------------------- 


Language:     English 
Company:      Schaeffler AG 
              Industriestr. 1-3 
              91074 Herzogenaurach 
              Germany 
Phone:        09132 - 82 0 
E-mail:       ir@schaeffler.com 
Internet:     www.schaeffler.com 
ISIN:         DE000SHA0159 
WKN:          SHA015 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1195537 
 
End of News   DGAP News Service 
=------------

1195537 2021-05-12


 
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(END) Dow Jones Newswires

May 12, 2021 02:01 ET (06:01 GMT)