Schaeffler beats operating profit expectations in Q1 aided by diversified model

Schaeffler AG

05/05/2026 07:00

May 5 (Reuters) - German machine and car parts maker Schaeffler SHA0n.DE reported a higher-than-expected first-quarter operating profit on Tuesday, as its diversified business activities helped offset troubling market trends.

The company said its adjusted earnings before interest and tax rose to 285 million euros ($333 million) in the quarter, beating the 279 million euros expected by analysts in a company-provided consensus. The corresponding margin of 5% was also slightly ahead of the 4.9% forecast.

"The Schaeffler Group is off to a good start in 2026, despite a persistently difficult political and economic environment," CEO Klaus Rosenfeld said in a statement.

($1 = 0.8560 euros)

(Reporting by Amir Orusov and Emanuele Berro in Gdansk, editing by Milla Nissi-Prussak)

((Amir.orusov@thomsonreuters.com))