Schaeffler To Increase Efficiency Of Automotive OEM Division – Quick Facts

Schaeffler AG (SCFLF.OB) announced its program RACE, which is designed to sustainably increase the Automotive OEM division’s efficiency and optimize its portfolio. The company said the program was made necessary by a number of external and internal factors that had significantly weakened the division’s EBIT margin before special items for 2018. The company said the overriding goal of RACE is to sustainably improve the margin over the next three to four years and to generate an EBIT margin percentage in the high single digits going forward.
RTT – Earnings