At a glance
Part of NFRThe Schaeffler Group is a Motion Technology Company determined to drive forward and bring to market groundbreaking technologies. Employing a workforce of 83,400, the Schaeffler Group develops and manufactures components and systems for powertrains and chassis as well as rolling and plain bearing solutions for a large number of industrial applications. Additionally, the company renders services in these areas and 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. The corporate headquarters of the Schaeffler Group are located in Herzogenaurach. The Automotive Technologies division is headquarted in Buehl. The headquarters of the Automotive Aftermarket division are located in Frankfurt. The Industrial division is located in Schweinfurt.
The planned business combination with Vitesco Technologies Group AG is one of the key steps in this transformation. It is aimed at broadening the Schaeffler Group’s business and technology portfolio, particularly in the area of electric mobility, and organizing it into four focused divisions going forward.Part of NFR
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Revenue, total | 16,313 | 15,809 | 13,852 |
| Of which Automotive Technologies 1) 2) | 9,772 | 9,498 | 8,436 |
| Of which the business division E-Mobility 1) 2) | 1,312 | 1,346 | 1,038 |
| Of which Automotive Aftermarket 1) 2) | 2,253 | 2,040 | 1,848 |
| Of which Industrial 1) | 4,288 | 4,271 | 3,568 |
Part of NFRThe companies in the regions and countries represent the Schaeffler Group locally, and their proximity to the customer supports the company’s growth. The company has a worldwide presence with more than 200 locations, 82 production facilities, 20 research and development centers, as well as a tight-knit sales and service network. A global production network, the 82 plants with approximately 64,000 employees form the operational core, managed based on uniform, cross-divisional principles. The global production system and the manufacturing technologies are key to the company’s success.
The global production system and manufacturing technologies are continually enhanced in order to safeguard the future competitive ability of the Schaeffler Group.Part of NFR
Part of NFRFurther 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 automotive and industrial supplier of choice that boasts innovation, agility, and efficiency. Digitalization and sustainability were also 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 material elements:
The Schaeffler Group has refined its corporate profile within the strategic framework. It now positions itself as a Motion Technology Company. The term “motion” serves as the connecting element for the six newly defined product families.
“Guide motion” comprises bearing and linear guides. “Transmit motion” refers to transmission and engine components. “Generate motion” represents the actuators. “Drive motion” consists of electric motors and electric drives. “Energize motion” describes hydrogen bipolar plates and stacks. Finally, “Sustain motion” stands for repair and maintenance solutions. This builds on the claim “We pioneer motion” that has been in place since 2020. The Schaeffler Group sees its mission in offering innovative products and services across the wide spectrum of motion technology. This mission is supported by the Schaeffler Group’s diversified positioning.Part of NFR
central future trends had a major influence on the development of the “Strategy 2025”
Part of NFRFive 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 contextual 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.Part of NFR
Part of NFRThe “Strategy 2025” is implemented through the “Execution Program 2025”, which is broken down into three divisional (vertical) and four cross-divisional (horizontal) subprograms. These are set up to achieve the defined strategic priorities: innovation, agility, and efficiency. Bundling all relevant divisional and cross-divisional “Roadmap 2025” activities in the “Execution Program 2025” will not only drive the Schaeffler Group’s transformation but also promote cross-divisional synergies and increase efficiency and thus profit.
The “Sustainability & Engagement” subprogram is dedicated to establishing environmental and social responsibility in the company’s value chain as a central success factor for sustainable management. The Schaeffler Group views sustainability as a comprehensive and overarching topic, which is why the subprogram is also structured along the dimensions environment, social, and governance (ESG). In this way, all of the activities necessary for achieving the defined ESG targets are bundled and accordingly managed, which in turn enables a consistent implementation of the sustainability strategy.
Within the three ESG dimensions, the overarching “Finance & IT” element helps to develop internal and external sustainability reporting and to establish the required infrastructure and data quality, while the “People” element helps qualify and further train the team in individual sustainability aspects.
By establishing sustainability topics as a key component of the Execution Program, potential dependencies on and interactions with other strategic topics and subprograms can be identified and addressed early on.Part of NFR
Part of NFRThe third component of the “Roadmap 2025” are the “Midterm Targets 2025” adopted in 2020 that the company intended to attain by 2025. They sustained the overarching objective of sustainable value creation and expressed the planned result of the company’s strategy and the execution program in quantitative terms.Part of NFR
