Schaeffler AG Lowers 2024 Forecast After Uninspiring Quarterly Report

Monday, 22 July 2024, 21:34

Schaeffler AG has adjusted its combined forecast for the fiscal year 2024 downwards following disappointing quarterly results. The automotive and industrial supplier now expects an adjusted EBIT margin of 5 to 8 percent, reduced from the previously estimated 6 to 9 percent. Additionally, the anticipated free cash flow has been revised from 300-400 million euros. This forecast correction could impact investor confidence and market performance regarding the Schaeffler Aktie.
Boerse-express
Schaeffler AG Lowers 2024 Forecast After Uninspiring Quarterly Report

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.


Related posts


Newsletter

Subscribe to our newsletter for the most reliable and up-to-date tech news. Stay informed and elevate your tech expertise effortlessly.

Subscribe