Germany · Delayed Price · Currency is EUR Schaeffler AG Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 delivered stable growth and improved margins, led by E-Mobility and operational gains. Humanoid robotics business advanced with five contracts and SOPs set for 2026. Guidance for the year is confirmed despite macroeconomic uncertainties.
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Q1 2026 saw stable trading with slight FX-adjusted sales growth and improved EBIT, supported by restructuring and integration synergies. Margins are expected to improve sequentially, with full-year guidance on track barring major disruptions.
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Q4 and full-year 2025 results are within guidance despite market headwinds, with strong free cash flow and margin improvements in key divisions. 2026 will see higher restructuring costs and CapEx, but midterm targets remain on track.
Fiscal Year 2025
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Adjusted gross margin and EBIT margin improved year-over-year, with strong free cash flow and a higher dividend proposed. E-Mobility and VLS segments showed growth, while restructuring and portfolio optimization advanced. Conservative 2026 guidance reflects ongoing macro and geopolitical risks.
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Q3 2025 saw 1.3% sales growth, improved margins, and strong free cash flow, prompting upgraded guidance. E-Mobility and Bearings & Industrial Solutions led growth, while restructuring and SAP write-offs impacted reported EPS. Portfolio streamlining and new robotics partnerships signal future growth.
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Q3 2025 saw slightly lower sales but improved EBIT margins and free cash flow, with strong performance in China and the Americas offsetting European softness. Guidance is confirmed, with no major one-offs or restructuring expected for Q4.
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The group is executing a major transformation, targeting €27–29 billion sales, 6–8% EBIT margin, and €400–600 million free cash flow by 2028, driven by a new divisional structure, Vitesco integration, and disciplined portfolio management. Strategic hedges, digitalization, and expansion into new sectors like robotics and defense underpin long-term growth ambitions.
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Q2 2025 saw stable gross margins and positive Free Cash Flow despite a 2.2% sales decline, with E-Mobility and Aerospace Bearings showing strong growth. Guidance for 2025 is confirmed, Vitesco integration is on track, and capital allocation remains disciplined.
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Q2 2025 is expected to deliver stable sales quarter-on-quarter but lower year-over-year, with margins impacted by tariffs and strategic business exits. Free cash flow is set to improve, and full-year guidance is confirmed, though market uncertainty and short customer order visibility persist.
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Q1 2025 saw stable EBIT margin at 4.7% and improved gross margin, despite softer sales. E-Mobility and Vehicle Lifetime Solutions delivered strong growth, while Powertrain & Chassis and Bearings & Industrial Solutions maintained robust margins. Guidance is confirmed, with risks from tariffs and market volatility considered manageable.
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Q1 2025 began with stable sales and improved margins, especially in E-Mobility and Vehicle Lifetime Solutions, while Powertrain & Chassis and Bearings & Industrial Solutions faced regional and sectoral challenges. Guidance for 2025 is confirmed, but tariff impacts remain uncertain.
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Preliminary 2024 results show €18.2bn sales and a 4.5% EBIT margin, below guidance due to Q4 weakness in Vitesco and Bearings & Industrial Solutions. Free cash flow exceeded expectations, and restructuring is underway to address operational challenges.
Fiscal Year 2024
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Sales rose 13% year-over-year, mainly from Vitesco consolidation, while organic growth was flat. Free cash flow exceeded expectations despite negative net income from restructuring and tax write-offs. 2025 guidance is cautiously optimistic, with focus on execution and integration.
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Q3 saw stable margins and strong free cash flow despite sales declines in Europe and China, with Vehicle Lifetime Solutions outperforming and Bearings & Industrial Solutions under pressure. The Vitesco merger was completed, Program Forward restructuring launched, and guidance confirmed, with a focus on e-mobility and disciplined capital allocation.
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Merger with Vitesco completed; Q3 sales slightly negative amid weak demand, but free cash flow and EBIT margin guidance confirmed. E-mobility outperforms, industrial remains challenged, and Vitesco profitability improves. Q4 outlook shows slight improvement.
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Q2 2024 saw 4.2% sales growth, led by strong Vehicle Lifetime Solutions and e-mobility, while Bearings and Industrial Solutions faced market and one-off challenges. Guidance for EBIT margin and free cash flow was slightly reduced, with integration of Vitesco on track.