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Investing.com -- Schaeffler AG (ETR:SHA_p), a prominent automotive and industrial supplier, reported a slight decrease in its first-quarter revenue and earnings before interest and tax (EBIT) before special items.
The company’s Q1 revenue was reported at EUR 5.92 billion, down from EUR 6.14 billion in the same period a year ago.
Schaeffler AG’s EBIT before special items also saw a decrease, coming in at EUR 276 million, compared to EUR 287 million in the first quarter of the previous year.
The company’s EBIT margin before special items for the first quarter was reported at 4.7%.
Despite the slight downturn in revenue and EBIT, Schaeffler AG confirmed its guidance for the year 2025, indicating that the company’s long-term financial outlook remains unchanged.
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