Schaeffler points to growth around the globe
22 Mar 2022
Global industrial supplier Schaeffler’s results for 2021 reveal revenue for the period amounted to approximately €13.9 billion.
Measured at constant currency, revenue was up 9.7 percent on the €12.6 billion recorded for the previous 12 months, with the latest period marked by revenue growth in all divisions and regions.
The company’s industrial division generated €3,568 million euros in revenue – an increase of 13.6 percent at constant currency on the previous year’s €3,132 million.
In the European region, revenue was up 12.3 percent, with industrial automation, power transmission and industrial distribution showing high growth rates particularly in the second half of 2021.
Claus Bauer, CFO of Schaeffler AG, said: “The year 2021 has been a successful one for all divisions and regions and highlights our ability to balance our transformation with strong results even in a challenging market environment.”
