Skip to main content

Schaeffler Shares Rise After 2024 Outlook Confirmed

·1 min

Schaeffler Shares Rise as Company Confirms Guidance for the Year

Shares of Schaeffler rose after the company confirmed its guidance for the year despite a drop in revenue in the first quarter. At 0755 GMT, shares were trading 10% higher at EUR6.21. The German auto supplier’s shares are up around 11% so far this year.