Schaeffler CEO Confident on Outlook

The transcript discusses the market outlook amid global uncertainties, highlighting cautious guidance and confidence in future prospects. It explores the transition to electric vehicles and its impact on business strategy, emphasizing progress in mobility orders. The role of government support and economic reopening plans in Germany is examined, with a focus on export businesses. Challenges like the chip shortage and border closures are addressed, with strategies to maintain supply chain stability.

What is the company's approach to managing the transition to electric vehicles?

• Focusing solely on mature business

• Investing in new business and maintaining margins in mature business

• Ignoring the transition to electric vehicles

• Discontinuing combustion engine products

How has the German government supported the automotive sector during the crisis?

• By closing all automotive businesses

• By focusing only on industrial suppliers

• By providing no support

• By engaging in negotiations and discussions

What is the company's stance on the reopening of the economy?

• They are indifferent to the reopening

• They oppose the reopening

• They find the plan encouraging but want more

• They believe it will harm their business

How is the company dealing with the chip shortage?

• By maintaining good dialogue with suppliers

• By halting production

• By ignoring the issue

• By heavily relying on electronics

What impact do border closures have on the company's operations?

• They have no impact

• They cause significant disruptions

• They are managed by ensuring supply chain balance

• They lead to complete shutdown