Autoindustrie: Schaeffler schreibt Millionen wegen China ab – Prognose bestätigt
Wegen des schwächeren E-Auto-Geschäfts in China schreibt Schaeffler Millionenbeträge ab. Die Abschreibungen entfielen vor allem auf Produktionsanlagen.
Autozulieferer Schaeffler has written off millions of euros due to weaker electric vehicle sales in China, with special provisions and write-offs totaling 240 million euros. The majority of these, 220 million euros, occurred in the summer quarter, according to the company from Herzogenaurach on Tuesday. The write-offs primarily affected production facilities that were no longer needed due to declining projects in China.
Schaeffler is also streamlining its portfolio of thermomanagement systems. CEO Klaus Rosenfeld stated that the company is reacting to changing market conditions by adjusting capacities and refining its portfolio. "By taking proactive accounting steps, we are reducing financial risks and enhancing our earnings potential in the coming years."
Despite these one-time effects, Schaeffler aims to expand its business with Chinese car manufacturers. Accounting for these adjustments, the profit margin for the first nine months stood at 4.5 percent, which is 0.3 percentage points higher than last year. However, revenue decreased by 200 million euros to 17.5 billion euros. The company remains confident in its year-long forecast, with Schaeffler shares jumping over three percent in early trading.
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