Schaeffler AG : Trading update indicates that FY 2022 is fine, but that there might be downside risk to FY 2023 expectations
>FY 2022 comments are fully in line with their previous communication - Schaeffler provided an update on current trading ahead of its participation at a competitor conference yesterday. It said that Q4 2022 sales are in line with expectations, despite market impacts from China Covid developments in December. It has confirmed its FY 2022 guidance with the following parameters: 6-8% group organic revenue growth (9M 2022: +8%), an adj. EBIT margin at group level of 5-7% ...
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