Schaeffler revenue net income up 29% in first nine months

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Schaeffler says its revenue for the first nine months of 2016 grew to approximately EUR10.0bn. At constant currency, this represents a growth rate of 2.7%. The company's EBIT margin improved by 0.2 percentage points to 12.8% (prior year: 12.6%), while net income was up 29% at EUR672m (prior year: EUR521m)