Fundamental information about the Schaeffler Group

Business activities and organizational structure

Part of NFBThe Schaeffler Group is a global automotive and industrial supplier. Employing a workforce of approximately 82,800, Schaeffler develops and manufactures components, systems, and services for powertrains and chassis, as well as rolling and plain bearing solutions for a large number of industrial applications. Additionally, the company provides repair solutions in original-equipment quality for the automotive spare parts market worldwide.

The Schaeffler Group is characterized by a three-dimensional organizational and leadership structure which differentiates between divisions, functions, and regions. Thus, the Schaeffler Group’s business is managed based on the three divisions – Automotive Technologies, Automotive Aftermarket, and Industrial – which also represent the reportable segments. The Automotive Technologies division is headquartered in Buehl. The Automotive Aftermarket division has its headquarters in Frankfurt. The Industrial division is located in Schweinfurt. The corporate headquarters of the Schaeffler Group are located in Herzogenaurach.Part of NFB Ende

Locations and production network

Part of NFBThe Schaeffler Group is always close to its customers through its 200 locations worldwide, that include 76 production facilities in 22 countries, 20 research and development centers as well as a tight-knit sales and service network. The company has a global production system. The plants, which employ approximately 64,000 staff, form the core of the Schaeffler Group’s operations and are managed based on uniform principles on a cross-divisional basis.Part of NFB Ende

Schaeffler Group plants and R&D centers

Corporate strategy

Part of NFBFurther developed in 2020 to continue the Schaeffler Group’s transformation with a forward-looking, targeted approach, the Group strategy pursues the vision of being the industrial and automotive supplier of choice, with the company boasting innovation, agility, and efficiency. In addition, digitalization and sustainability were identified as essential topics for success. The “Roadmap 2025” provides a summary of the Schaeffler Group’s holistic strategic focus based on a conceptual framework containing three essential elements:

• The “Strategy 2025” defines the strategic approach and the course of action
• The “Execution Program 2025” defines seven specific subprograms
• The “Mid-term Targets 2025” provide a financial objective and correspond with the overarching aim of generating value over the long termPart of NFB Ende

Strategy 2025

Part of NFBFive central future trends had a major influence on the development of the “Strategy 2025”: (1) sustainability & climate change, (2) new mobility & electrified powertrain, (3) autonomous production, (4) data economy & digitalization, and (5) demographic change. On this basis, the Schaeffler Group defined five focus areas that form the content framework for potential growth initiatives and establish strategic investment fields. These focus areas should support efficient, long-term use of resources and are designed to ensure that the range of products and services covers all three divisions. The five focus areas of the “Strategy 2025” build on existing strengths and core areas of expertise in the business areas as well as on production technologies.

Five focus areas for growth initiatives

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Execution Program 2025

Part of NFBImplemented through the “Execution Program 2025”, the “Strategy 2025” features a total of seven subprograms, which are broken down into three divisional (vertical) and four cross-divisional (horizontal) subprograms. These were designed to help achieve the defined strategic priorities – innovation, agility, and efficiency – as well as support the strategic key topics of sustainability and digitalization. Bundling all of the relevant divisional and cross-divisional “Roadmap 2025” activities in the “Execution Program 2025” should help to advance the Schaeffler Group’s transformation.

Divisional and cross-divisional subprograms

The “Sustainability & Engagement” subprogram is dedicated to a variety of topics, including the establishment of environmental and social responsibility in the company’s value chain as a central success factor for sustainable management. It is extremely important to the Schaeffler Group to understand sustainability as an all-encompassing and overarching topic, which is why the subprogram is also structured along the dimensions of Environment, Social, and Governance. For example, this subprogram bundles and thus systematically manages all of the activities necessary to achieve the 2040 climate neutrality targets as well as those activities essential to reducing the annual accident rate, consequently promoting consistent implementation and execution of the sustainability strategy. In addition, any potential interdependencies of and interactions with additional strategic topics and the sustainability strategy can be identified and addressed early on.Part of NFB Ende

Mid-term Targets 2025

Part of NFBThe third component of the “Roadmap 2025” is the financial “Mid-term Targets 2025” that the company intends to attain by 2025. They sustain the overarching objective of sustainable value creation and express the planned result of the company’s strategy and the Execution Program in quantitative terms.Part of NFB Ende