May 11, 2017 / 6:07 AM / 7 months ago

BRIEF-Schaeffler Q1 net income up to EUR 279 million

May 11 (Reuters) - SCHAEFFLER AG:

* REVENUE FOR FIRST THREE MONTHS OF 2017 INCREASED BY 6.9 PERCENT TO EUR 3.6 BILLION

* Q1 EBIT INCREASED BY 3.3 PERCENT TO EUR 435 MILLION (PRIOR YEAR: EUR 421 MILLION)

* Q1 NET INCOME AMOUNTED TO EUR 279 MILLION (PRIOR YEAR: EUR 253 MILLION) WHICH REPRESENTS AN INCREASE OF 10.3 PERCENT

* COMPANY HAS CONFIRMED ITS GUIDANCE FOR 2017 AS A WHOLE

* GROUP EXPECTS REVENUE GROWTH OF 4 TO 5 PERCENT AT CONSTANT CURRENCY, AN EBIT MARGIN OF 12 TO 13 PERCENT BEFORE SPECIAL ITEMS FOR 2017

* SEES FREE CASH FLOW OF APPROXIMATELY EUR 600 MILLION FOR 2017 AS A WHOLE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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