Germany's Schaeffler prelim 9M revenue dips amid declining project volumes in China

Schaeffler AG

13/10/2026 08:28

Overview
German machine and car parts maker's preliminary 9M revenue dipped slightly yr/yr to EUR 17.5 bln
Company took EUR 240 mln in E-Mobility special charges, mainly for asset impairments and provisions
Order book in humanoid robotics business rose to about EUR 400 mln in Q3

Outlook
Schaeffler confirms FY 2026 guidance and mid-term targets for 2028
Company expects moderate improvement in E-Mobility earnings performance in coming years after one-off charges
Schaeffler aims to achieve operational break-even in E-Mobility division

Result Drivers
E-MOBILITY IMPAIRMENTS - Co recognized EUR 240 mln in one-off asset impairments and provisions in E-Mobility division due to declining project volumes, mainly in China
ROBOTICS ORDER GROWTH - Order book in humanoid robotics business increased to about EUR 400 mln in Q3 after acquiring two new customers in Greater China
PORTFOLIO STREAMLINING - Co streamlined portfolio in E-Mobility division, especially in thermal management systems, to reduce overcapacity and mitigate balance sheet risk

Company press release: ID:nEQ8ZxspKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
EUR 17.5 bln
 
9M Adjusted Free Cash Flow
 
-EUR 40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Schaeffler AG is €8.30, about 39.5% above its October 12 closing price of €5.95
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 17 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)