The group, which will propose a dividend of 0.45 euros per
share, reported an earnings before interest and taxes (EBIT)
margin before special items of 6.6% in 2022, compared with 8.8%
a year ago and below the 6.8% forecast in a company-compiled
consensus.
(Reporting by Johannes Toft Thyssen and Diana Mandiá, Editing
by Louise Heavens)
(Adds outlook for 2023, context, dividend)
March 7 (Reuters) - German automotive supplier
Schaeffler on Tuesday missed estimates for full-year
core profit margin, citing higher material and energy prices,
disrupted global supply chains and market- and environment-based
inefficiencies.
Semiconductor shortages forced global automakers to scrap
production plans for millions of cars over the past two years,
adding to commodity price inflation, a tight energy market and
rising interest rates, which have dampened consumer demand.
The Bavarian industrial company, which manufactures
high-precision components and systems for powertrain and chassis
applications, sees revenue growth of 5% to 8% and an EBIT margin
before special items of between 5.5% and 7.5% in the current
fiscal year, adding that it is cautious on the outlook as higher
year-on-year wage increases and energy costs will impact all
divisions in 2023.
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