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Schaeffler (SHA0) investor relations material
Schaeffler Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 2026 saw 1.0% FX-adjusted sales growth year-over-year to €5.8 billion, with E-Mobility leading growth and other divisions showing mixed results despite a challenging environment.
EBIT margin before special items improved to 5.0% from 4.7% in the prior year, supported by operational improvements and lower R&D costs.
Free cash flow before M&A was negative at €-209 million, impacted by seasonal factors, restructuring payments, and inventory build-up.
Net income attributable to shareholders was €60 million, with EPS of €0.06, down from €0.09 in Q1 2025 due to a lower financial result.
Humanoid robotics business advanced with five contracts secured and first SOPs expected in Q2 2026.
Financial highlights
Q1 2026 revenue: €5,764 million, up 1.0% at constant currency from €5,924 million in Q1 2025.
Gross profit margin stable at 21.6% year-over-year.
EBIT before special items: €285 million, EBIT margin 5.0% (up from 4.7%).
Free cash flow before M&A: €-209 million (prior year: €-155 million).
Net financial debt: €5,143 million as of March 31, 2026; leverage ratio at 2.2x.
Outlook and guidance
Full-year 2026 guidance confirmed: revenue €22.5–24.5 billion, EBIT margin before special items 3.5–5.5%.
Free cash flow before M&A projected at €100–300 million for FY 2026.
E-Mobility and humanoid robotics expected to drive future growth, with humanoid revenues ramping up from 2027 onward.
Global light vehicle production forecast to decline by 1.8% in 2026; industrial production expected to grow 2.5–3.0%.
Management remains confident in achieving targets despite macroeconomic and geopolitical uncertainties.
- Q1 2026 delivered improved EBIT margin and stable FX-adjusted sales amid mixed market trends.SHA0
Pre-close call15 Apr 2026 - Improved margins, strong cash flow, and growth in E-Mobility and VLS despite high one-off costs.SHA0
Q4 20253 Mar 2026 - EBIT margin improved to 4.0% as free cash flow rebounded and new growth areas advanced.SHA0
Q4 2025 (Media)3 Mar 2026 - FY 2025 results meet guidance with strong cash flow, margin gains, and mixed divisional trends.SHA0
Pre-close Call3 Feb 2026 - Q2 sales up 4.2%, VLS strong, BIS weak; EBIT margin fell, guidance trimmed, Vitesco merger on track.SHA0
Q2 20242 Feb 2026 - Q3 sales dip, but guidance confirmed as e-mobility drives growth amid market challenges.SHA0
Pre-Close Call19 Jan 2026 - VLS growth and strong free cash flow offset margin pressure as Vitesco merger integration advanced.SHA0
Q3 202416 Jan 2026 - 2024 sales reached €18.2bn, EBIT margin missed guidance, but cash flow outperformed.SHA0
Pre-Close Call9 Jan 2026 - Q1 2025 EBIT margin hit 4.7% with stable sales and strong E-Mobility growth, but tariff risks persist.SHA0
Pre-Close Call25 Dec 2025
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