Schaeffler announced its preliminary revenue results for 2017. The company increased its revenue to approximately EUR 14.0 billion compared to prior year of approximately EUR 13.3 billion, growing by 5.9% at constant currency.

Fourth quarter revenue rose to approximately EUR 3.5 billion compared to prior year quarter of approximately EUR 3.4 billion, up 8.5% at constant currency. As a result, the company has closed the year 2017 with revenue significantly above the revenue guidance of 4% to 5% (at constant currency) for the full year 2017.

The company expects the positive revenue trend to continue in 2018.