Schaeffler posts revenue below estimates for first quarter

Schaeffler AG

07/05/2025 07:00

May 7 (Reuters) - German machine and car parts maker Schaeffler SHA0.DE said on Wednesday that its first-quarter revenue fell 2.9% in constant currency basis, missing market expectations, dragged by weaker performances in Europe, the Americas and China.

Revenue fell to 5.92 billion euros ($6.73 billion) in the January-March period, compared with a Vara consensus estimate of 6.11 billion euros.

($1 = 0.8803 euros)

 (Reporting by Amir Orusov in Gdansk; editing by Milla Nissi)

 ((amir.orusov@thomsonreuters.com))