{"id":5340,"date":"2018-03-08T09:09:31","date_gmt":"2018-03-08T09:09:31","guid":{"rendered":"https:\/\/engineernewsnetwork.com\/blog\/?p=5340"},"modified":"2018-03-08T09:09:31","modified_gmt":"2018-03-08T09:09:31","slug":"schaeffler-increases-net-income-by-14-in-2017","status":"publish","type":"post","link":"https:\/\/www.engineernewsnetwork.com\/blog\/schaeffler-increases-net-income-by-14-in-2017\/","title":{"rendered":"Schaeffler increases net income by 14% in 2017"},"content":{"rendered":"<p>Global automotive and industrial supplier Schaeffler increased its revenue to 14.0 billion euros (prior year: 13.3 billion euros) in 2017, growing by 5.9%t at constant currency. <\/p>\n<p>The company&#8217;s EBIT margin for 2017 amounted to 11.3% (prior year: 12.7 percent).<br \/>\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-7565662001938327\" data-ad-slot=\"7585079586\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/>\nThe decrease is primarily due to expenses for the programme for the future Agenda 4 plus One. <\/p>\n<p>Net income attributable to shareholders increased by approximately 14% to 980 million euros (prior year: 859 million euros) nonetheless, the highest ever in the history of the Schaeffler Group.<\/p>\n<p>In 2017, the Schaeffler Group increased its capital expenditures by 127 million euros to 1,273 million euros (prior year: 1,146 million euros) and created approximately 3,500 new jobs. The number of employees rose to more than 90,000 (prior year: approximately 86,700) by the end of 2017. <\/p>\n<p>Free cash flow for 2017 came in at 488 million euros (prior year: 735 million euros) due to the high level of capital expenditures, and the company further reduced its net financial debt. With its program for the future Agenda 4 plus One, the Schaeffler Group is firmly aligning itself toward the future. <\/p>\n<p>Despite current imponderables, the outlook for the year 2018 remains generally positive, says the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global automotive and industrial supplier Schaeffler increased its revenue to 14.0 billion euros (prior year: 13.3 billion euros) in 2017, growing by 5.9%t at constant currency. The company&#8217;s EBIT margin for 2017 amounted to 11.3% (prior year: 12.7 percent). The decrease is primarily due to expenses for the programme for the future Agenda 4 plus &hellip;<\/p>\n","protected":false},"author":1,"featured_media":5341,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[199],"tags":[302],"class_list":["post-5340","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news-views-and-opinion","tag-schaeffler"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Schaeffler increases net income by 14% in 2017 - Engineer News Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.engineernewsnetwork.com\/blog\/schaeffler-increases-net-income-by-14-in-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Schaeffler increases net income by 14% in 2017 - Engineer News Network\" \/>\n<meta property=\"og:description\" content=\"Global automotive and industrial supplier Schaeffler increased its revenue to 14.0 billion euros (prior year: 13.3 billion euros) in 2017, growing by 5.9%t at constant currency. 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