Q1 2024 Schaeffler AG Earnings Call Transcript
Again, we thank you very much. Dear analysts and investors, welcome to the Q1 2024 earnings release. And without further ado, I pass the floor to Mr. Klaus Rosenfeld, CEO of the shaft group. Klaus will give the floor is yours.
Thank you very much, Renata, ladies and gentlemen, and welcome to our Q1 earnings call. And we can we are ready to share that presentation with you that you should have on your screens or that you should have received this morning. As usual, the presentation is structured into two main parts. I will take the overview and the business highlights, and Klaus is going to go in detail through the numbers.
Let me start on Page 4 with the key messages we can present today, a strong Q1 in a continued difficult market environment and I think the numbers speak for themselves. If you look at the top line, Q1 sales are flat, but we have to look at that against the high comps of Q1 2023, automotive tech wins on a positive development, also positive outperformance, vehicle lifetime solutions with some a
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