(Reuters) -German machine and car parts maker Schaeffler on Tuesday raised its full-year adjusted free cash flow guidance, citing higher profitability, strict cost controls and a cautious investment policy.
The company now expects adjusted free cash flow in 2025 to be between 0-200 million euros ($0-$233.24 million) compared with the range of -200 to 0 million euros seen before.
The stock jumped 4% to the top of Germany’s small-cap index.
The company also hiked its target for adjusted 2025 operating profit margin at its bearings and industrial solutions division to 6-8% growth from the 5-7% growth seen previously.
It confirmed its other group targets for 2025 key performance indicators.
($1 = 0.8575 euros)
(Reporting by Amir Orusov)
