BERLIN (dpa-AFX) - Schaeffler AG (SCFLF.OB), a German manufacturer of rolling element bearings, reported that its EBIT before special items was 276 million euros in the first quarter of 2025 compared to pro-forma EBIT of 287 million euros in the previous year.
Net income attributable to shareholders of the parent company for the latest-quarter amounted to 83 million euros or 0.09 euros per share.
Revenue for the quarter declined 3.5% to 5.924 billion euros from 6.141 billion euros last year, while it was down 2.9% at constant currency.
The company noted that its prior-year results were based on a comparable basis.
Looking ahead for fiscal 2025, Schaeffler Group still anticipates revenue to be in the range of 23 billion euros to 25 billion euros, and adjusted EBIT margin of 3 to 5 percent.
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