Schaeffler Group improves profitability in 2023
Schaeffler AG published its results for 2023 today. The Schaeffler Group’s revenue for the year amounted to 16.3 billion euros (prior year: 15.8 billion euros). Revenue grew by 5.8 percent at constant currency, in line with the guidance for 2023 [revenue growth of 5 to 8 percent]. The constant-currency increase in revenue in 2023 is mainly attributable to increased volumes.