Schaeffler AG (SHA.HM)
| Previous Close | 6.16 |
| Open | 6.11 |
| Bid | 6.17 x 0 |
| Ask | 6.20 x 0 |
| Day's Range | 6.11 - 6.18 |
| 52 Week Range | 4.70 - 6.72 |
| Volume | |
| Avg. Volume | 1,805 |
| Market Cap | N/A |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | May 07, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Reuters
Germany's Schaeffler misses expectations for 2023 core profit
(Reuters) -German automotive and industrial supplier Schaeffler AG reported 2023 full-year adjusted core profit (EBIT) of 1.19 billion euros ($1.29 billion) on Tuesday, weighed down by weak demand in China for the group's Industrial division. The profit missed a consensus of 1.24 billion euros for the year compiled by Vara Research and supplied by the company, but was up 13.5% from 2022. A supplier to machine and vehicle makers, Schaeffler's fortunes are closely tied to broader industrial activity.
- ACCESSWIRE
Schaeffler AG has Secured 29.88 Percent of Vitesco Technologies Group AG with its Public Tender Offer
Tender offer successful, 11,957,629 Vitesco shares have been tendered Schaeffler AG stake in Vitesco Technologies Group AG around 30 percent Completion of tender offer and payment of consideration on January 5, 2024 Extraordinary General Meeting and ...
ReutersVitesco says new Schaeffler offer for EV merger 'inadequate'
Germany's billionaire Schaeffler family holds all voting rights and 75% of shares in its namesake supplier of electric vehicle components. However, under pressure from some investors, who said the original offer of 91 euros per share was too low, it increased its offer price to 94 euros ($102.53) per share in Vitesco. The companies have agreed to merge the two groups to create a more competitive supplier in the electric vehicle segment, as well as simplifying the Schaeffler family's empire, which includes stakes in Vitesco and Continental AG.
