
Schaeffler suspends forecast for 2022
Schaeffler has suspended its forecast for the current year due to the war in Ukraine. The Group is reporting revenue growth of just under 10% for the 2021 financial year.
Articles and background information on the topic

Schaeffler has suspended its forecast for the current year due to the war in Ukraine. The Group is reporting revenue growth of just under 10% for the 2021 financial year.
Expansion of the robotics business
Schaeffler acquires Melior Motion, a manufacturer of precision gearboxes for industrial robots, with the aim of strengthening its robotics business.

The weakness of the automotive industry is also causing problems for the Franconian supplier Schaeffler. CEO Klaus Rosenfeld is glad that the Group has another important pillar where things are running more smoothly.

The VDMA Drive Technology Association reports a new Executive Board and an increase in industry turnover following its members' meeting.

Suppliers have struggled considerably with coronavirus and the transformation to new technologies, particularly in the automotive sector. Now the end of the crisis seems to be in sight for at least one of them.

After one year with the company, CFO Dr. Klaus Patzak is leaving Schaeffler at his own request.

The recovery in automobile production is creating a positive mood at Schaeffler: The Group has raised its forecast for the year. The Industrial division is also starting the year with a slight increase.
Flexibility and modularity play a role in the most-read articles in April - be it in industrial 5G applications, robot programming and control or the app store for industry. Read for yourself!
A mesh network consisting of vibration sensors, a gateway with a SIM card, cloud data analysis and an app is set to take condition monitoring to a new level. The highlight: every operator of production sites can monitor machines and units themselves at expert level.

Following the announcement of job cuts
Numerous employees of the automotive and industrial supplier Schaeffler protested on Wednesday against plans for staff cuts and plant closures at the Franconian family-owned company.