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    SHA   DE000SHA0159

SCHAEFFLER AG

(SHA)
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Schaeffler AG Announces Resignation of Klaus Patzak as Chief Financial Officer

07/30/2021 | 11:47am EDT

Schaeffler AG announced that Dr. Klaus Patzak Chief Financial Officer of the company, has informed the Supervisory Board of the company of his wish to leave the company effective July 31, 2021. The Supervisory Board has agreed to his departure, which is by mutual agreement, at its extraordinary meeting held on July 30, 2021. A successor will be announced shortly. Dr. Patzak was appointed CFO, which includes responsibility for Finance & IT, as a member of the Board of Managing Directors of Schaeffler AG on August 1, 2020. His previous appointments included positions as managing director of Siemens Gas and Power Management GmbH and chief financial officer of Osram Licht AG and Bilfinger SE.


© S&P Capital IQ 2021
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Analyst Recommendations on SCHAEFFLER AG
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Financials
Sales 2021 14 026 M 16 445 M 16 445 M
Net income 2021 721 M 845 M 845 M
Net Debt 2021 2 109 M 2 472 M 2 472 M
P/E ratio 2021 5,96x
Yield 2021 6,74%
Capitalization 4 339 M 5 093 M 5 087 M
EV / Sales 2021 0,46x
EV / Sales 2022 0,41x
Nbr of Employees -
Free-Float 18,7%
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Technical analysis trends SCHAEFFLER AG
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Last Close Price 6,52 €
Average target price 8,32 €
Spread / Average Target 27,7%
EPS Revisions
Managers and Directors
Klaus Rosenfeld Chief Executive Officer
Claus Bauer Chief Financial Officer
Georg F. W. Schaeffler Chairman-Supervisory Board
Uwe Wagner Chief Technology Officer
Andreas Schick Chief Operating Officer
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