Schaeffler sees higher year sales as H1 EBIT jumps

Newswire

* Ups 2011 sales target to over 10 pct, from 8-10 pct * Net debt below holding level rises to 6.07 bln euros * No timetable for possible merger with Continental AG FRANKFURT, Aug 31 (Reuters) - German firm Schaeffler GmbH, whose ball bearings can be found in everything from dentists' drills to the London Eye, forecast full-year sales would be slightly better than expected even if growth rates were set to ease in the second half. "We now anticipate revenue to grow by more than 10 ...

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