Schaeffler targets 2028 operating profit margin of 6% to 8%

German machine and car parts maker Schaeffler XETR:SHA0 on Tuesday released medium-term targets for 2028, saying the adjusted operating profit margin could double from 2024 levels, supported by a break-even at its E-Mobility division.

The company expects an adjusted earnings before interest and taxes margin to reach between 6% to 8%, compared with 3.5% in 2024, it said in a presentation for its investor day.

The company also targets sales of 27-29 billion euros ($31.9-$34.2 billion) in 2028.

($1 = 0.8471 euros)