Schaeffler AG (MIL:1SHA)

€ 4.204 0 (0%) Market Cap: 3.09 Bil Enterprise Value: 7.96 Bil PE Ratio: 21.10 PB Ratio: 0.83 GF Score: 64/100

Q3 2024 Schaeffler AG Earnings Call Transcript

Nov 05, 2024 / 10:00AM GMT

Transcript

Key Points

Positve

Schaeffler AG (SCFLF) reported strong free cash flow of EUR 188 million in Q3, demonstrating robust cash generation capabilities.
The company successfully completed the merger with Vitesco, aligning with strategic goals and enhancing its position in the e-mobility sector.
Vehicle Lifetime Solutions (VLS) division showed continued strong sales growth and maintained a record EBIT margin, outperforming competitors.
Schaeffler AG (SCFLF) confirmed its guidance for 2024, maintaining a dividend payout ratio of 40% to 60%, reflecting confidence in financial stability.
The company announced 'Program Forward,' targeting a recurring EBIT impact of EUR 290 million per annum by 2029, indicating proactive measures to address market challenges.

Negative

Q3 sales were slightly below the previous year, with declines in bearings and industrial solutions due to market-driven factors.
The automotive technologies division reported a disappointing 2.3% margin, impacted by reduced volumes and e-mobility ramp-ups.
The market environment remains challenging, particularly in Europe, with lower automotive production and ongoing industrial sector weaknesses.
Schaeffler AG (SCFLF) faces headwinds in bearings and industrial solutions, necessitating self-help measures to address underperformance.
The integration of Vitesco involves significant restructuring costs, with EUR 580 million expected, impacting short-term financials.

Operator

Dear ladies and gentlemen, welcome to the Schaeffler Group Q3 and nine months 2024 earnings conference call. (Operator Instructions)

At our reserved customer's request, this conference will be recorded, and the replay will be available shortly after the call on the website.

May I now hand over to CEO, Klaus Rosenfeld; CFO, Claus Bauer; and Head of IR, Heiko Eber, who will lead you through this conference. Please go ahead.

Heiko Eber

Schaeffler AG - Head of IR

Thank you very much operator. Ladies and gentlemen, I'm very happy to welcome you to our today's call on the financial results of the first -- third quarter 2024. The press release, the presentation and our nine-month report has been published today at 8:00 AM CET on our Investor Relations home page. And for sure, we will provide a recording and a transcript of this call on our website afterwards.

Now before we take a look at today's agenda, I'm sure that you have all taken notice of our well-known disclaimer. Looking at the agenda, and Klaus Rosenfeld, our CEO; and Claus

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.