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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.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.
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