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Five Strong Organizations Rebranded to form Teijin Automotive Technologies
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What s up with Telefónica & NEC, TIM, Vodafone, Open RAN
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SFCC Fall Registration Opens Wednesday June 2
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Process and Control Today | Schaeffler Group raises guidance for 2021
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Schaeffler Q1 Revenue Rises; Lifts 2021 Outlook
BERLIN (dpa-AFX) - Schaeffler (SCFLF.OB) reported that Group s revenue for the first quarter totaled EUR 3.56 billion, versus EUR 3.28 billion in the year-ago quarter. The company attributed the constant-currency growth of 11.2 percent to the considerable recovery of the Automotive Technologies division.
The company reported EBIT before special items for the first three months of 2021 to EUR 403 million, versus EUR 212 million in the year-ago quarter.
Net income attributable to shareholders before special items increased to EUR 247 million from EUR 101 million in the last year period. Net income was EUR 235 million, versus loss EUR 186 million prior year period.