Schaeffler AG : Trading update with a cautious tone on the earnings outlook
>Q4 2021/ FY 2021 indications are in line with company guidance - Schaeffler provided an update on its current trading and they claim to have had a good finish to FY 2021 in terms of volumes, with December sales better than expected by the company, helped by a sequential improvement in global LVP in Q4 2021 (18.9m vs 16.5m in Q3-21). They have reiterated their FY 2021 guidance for the group and divisions, but are now guiding Automotive Technologies’ outperformance to ...
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