Germany's Schaeffler Q1 revenue rises 1.0% at constant currency

Schaeffler AG

05/05/2026 07:11

Overview

Germany motion technology firm's Q1 revenue up 1.0% at constant currency, slightly above prior year

EBIT margin before special items rose to 5.0% from 4.7%

Free cash flow before M&A negative due to seasonal factors

Outlook

Schaeffler AG expects 2026 revenue of EUR 22.5 bln to EUR 24.5 bln

Company forecasts 2026 EBIT margin before special items of 3.5% to 5.5%

Schaeffler AG sees 2026 free cash flow before M&A at EUR 100 mln to EUR 300 mln

Result Drivers

E-MOBILITY PROFITABILITY - Margin improvement in E-Mobility division driven by higher volumes and better operating performance, especially in Europe and Asia/Pacific

POWERTRAIN & CHASSIS - Revenue declined due to portfolio streamlining in a weak market, but division maintained double-digit EBIT margin

CHINA IMPETUS - Bearings & Industrial Solutions division saw slight revenue growth at constant currency, mainly due to favorable impetus from Greater China

Company press release: ID:nEQ9rKjbZa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Free cash flow before cash in- and outflows for M&A activities
-EUR 209 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 €8.85, about 12.3% above its May 4 closing price of €7.88

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 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.)