Schaeffler AG Lowers 2024 Forecast After Uninspiring Quarterly Report
Monday, 22 July 2024, 21:34
Schaeffler AG Downgrades 2024 Forecast
The Schaeffler Aktie has faced a setback as the company has lowered its expectations for the 2024 fiscal year following less than favorable quarterly results.
Key Changes in Forecast
- Adjusted EBIT Margin: The company now projects an EBIT margin between 5 to 8 percent.
- Previous Estimates: This is a decrease from the earlier forecast of 6 to 9 percent.
- Free Cash Flow: Expected free cash flow has been revised to a range below previous estimates.
Conclusion
These changes in guidance reflect Challenging market conditions and could lead to heightened scrutiny on the Schaeffler Aktie. Stakeholders should monitor these developments closely as the forecasts evolve.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.