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Schaeffler (SHA0) investor relations material

Schaeffler Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary4 Nov, 2025

Executive summary

  • Achieved 1.3% FX-adjusted sales growth in Q3 2025, with gross margin at 20.3% (excluding SAP license write-off), and EBIT margin at 4.5%, up from 3.5% year-over-year.

  • Free cash flow before M&A reached EUR 175 million, a significant turnaround from EUR -364 million in Q3 2024.

  • Adjusted EPS is positive, but reported EPS is negative due to restructuring, SAP license depreciation, and higher taxes.

  • All divisions and regions contributed to margin improvement except Powertrain & Chassis, with Europe showing slight weakness.

  • Major organizational realignment effective January 2025, with new divisional structure and reporting.

Financial highlights

  • Q3 2025 sales: EUR 5,826 million; gross margin: 20.3% (reported 18.5% due to SAP write-off); EBIT margin: 4.5%.

  • Free cash flow before M&A: EUR 175 million; net financial debt: EUR 4,613 million; leverage ratio: 2.3x.

  • Capex in Q3: EUR 244 million, with a reinvestment rate of 0.5x.

  • Net income attributable to shareholders was -€244 million, compared to €218 million in the prior year.

  • Earnings per share (basic/diluted) was -€0.26, compared to €0.33 in the prior year.

Outlook and guidance

  • FY 2025 sales guidance: EUR 23.0–25.0 billion; EBIT margin (before special items): 3–5%.

  • Free cash flow guidance raised to EUR 0–200 million (prior: -200 to 0 million).

  • Bearings & Industrial Solutions EBIT margin guidance increased to 6–8% (prior: 5–7%).

  • Market expects global light vehicle production to grow 2.0% in 2025; industrial production to rise 2.5%.

  • The company expects considerable revenue growth in 2025 at constant currency.

What drives E-Mobility division's revenue growth?
How did bond issuance impact financial structure?
Why was the 2025 FCF outlook adjusted?
Portfolio streamlining: next steps?
Humanoid market: expected ramp-up timeline?
Nexperia situation: current operational impact?
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Frequently asked questions

Schaeffler AG produces a broad portfolio of automotive and industrial products and serves customers through the world's largest sales and service network. The company is organized into three business divisions: Automotive, Industrial and Discrete. The company supplies linear and angular components, miniature bearings and components, ring drives, power transmission components, and clutches; as well as sensors, mechatronics, magnetic components, and software. The company was founded in 1946 and is headquartered in Herzogenaurach, Germany.

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