Schaeffler Group releases 2023 financial report, with all three divisions achieving growth

According to the 2023 financial report of Schaeffler Group, the group's sales reached 16.3 billion euros, a year-on-year increase of 3.2%. Among them, the Automotive Technology Division achieved sales of 9.772 billion euros, the Electric Drive Division received new orders of 5.1 billion euros, and the Chassis Division's sales increased by 24.1%. In addition, Schaeffler Group plans to complete the integration of Vitesco Technologies in the fourth quarter of 2024, which is expected to further enhance the group's overall performance.