Vitesco Technologies: Schaeffler lowers annual forecast due to Vitesco - quarterly profit disappointed

(marketscreener.com) The automotive and industrial supplier Schaeffler has also lowered its own expectations for the current year after lowering the forecast for its subsidiary Vitesco. The combined EBIT margin adjusted for special items is now expected to be between five and eight percent, as the company announced on Monday evening. Previously, Schaeffler had...https://www.marketscreener.com/quote/stock/SCHAEFFLER-AG-24301176/news/Schaeffler-lowers-annual-forecast-due-to-Vitesco-quarterly-profit-disappointed-47437233/?utm_medium=RSS&utm_content=20240722