The Schaeffler Group $SHA (+1,95 %) increased its revenue by 3.2 % to EUR 16.3 billion in 2023.

Adjusted EBIT rose by 13.3 % to EUR 1.19 bn, corresponding to a margin of 7.3 %.

Net profit fell from EUR 557 million to EUR 310 million due to the Vitesco takeover.

Shareholders are nevertheless to receive an unchanged dividend of EUR 0.45 per share.

Following the takeover of Vitesco, Schaeffler is aiming for significant revenue growth and an EBIT margin of between 6% and 9% in the current year.

I have been invested for a long time and will hold my shares for the long term.