Schaeffler reports revenues of 5.9 billion euros, down 2.9 percent in Q1

Schaeffler AG published its results for the first quarter of 2025 today. Revenue for the first three months of the year was 5.9 billion euros, 2.9 percent below prior year.

Group-level revenue declined by 5.3 percent in the Europe region in the first quarter, compared on a pro-forma basis and at constant currency. The Americas and Greater China regions reported constant-currency revenue declines of 0.9 percent and 5.4 percent, respectively, compared on a pro-forma basis. In contrast, Asia/Pacific region revenue grew by 5.7 percent at constant currency in the first quarter of the year.

The Schaeffler Group generated 276 million euros in EBIT before special items in the first three months (pro-forma prior year: 287 million euros). The EBIT margin before special items of 4.7 percent was flat compared with the previous year, compared on a pro-forma basis.

Klaus Rosenfeld, CEO of Schaeffler AG, stated: “The first quarter of 2025 is the first time the Schaeffler Group reports its results as a combined company with four product-oriented divisions. We are off to a good start in 2025 with the results of the first quarter. The environment we are operating in remains risky and unclear. Our broad positioning gives us the necessary resilience and helps us operate successfully and achieve our goals even in this environment.”

E-Mobility – Revenue increased considerably, order intake 3.0 billion euros

The E-Mobility division generated 1.1 billion million euros in revenue in the first quarter; a constant-currency increase of 9.6 percent compared to a pro-forma basis (pro-forma prior year: 1.08 billion euros). The increase was mainly due to product ramp-ups in Europe, Americas, and Asia/Pacific regions. The division’s first-quarter order intake amounted to 3.0 billion euros.

EBIT before special items of -268 million euros was generated during the reporting period (pro-forma prior year: -324 million euros), representing an EBIT margin before special items of -22.9 percent for the first quarter (pro-forma prior year: -29.8 percent). The improvement in the EBIT margin before special items, compared on a pro-forma basis, was primarily the result of a favorable impact of volumes.

Powertrain & Chassis – EBIT margin before special items 12.4 percent

Compared on a pro-forma basis, Powertrain & Chassis division revenue declined by 10.7 percent at constant currency in the first quarter of 2025, largely due to a market-driven decrease in volumes in the Europe region. The division generated total revenue of 2.3 billion euros (pro-forma prior year: 2.5 billion million euros) and reported an order intake of 2.8 billion euros during the reporting period.

The Powertrain & Chassis division generated EBIT before special items of 286 million euros in the first quarter (pro-forma prior year: 328 million euros). The EBIT margin before special items amounted to 12.4 percent (pro-forma prior year: 12.7 percent) and is primarily marked by the impact of volumes.

Vehicle Lifetime Solutions – EBIT margin before special items 15.7 percent

In the Vehicle Lifetime Solutions division, revenue for the reporting period rose by 10.7 percent, compared to a pro-forma basis and at constant currency, to 783 million euros (prior year: 717 million euros), largely due to higher volumes.

123 million euros in EBIT before special items was generated in the first quarter (pro-forma prior year: 114 million euros). The EBIT margin before special items of 15.7 percent was flat with prior year when compared on a pro-forma basis (pro-forma prior year: 15.8 percent), with foreign exchange losses offset by the favorable impact of volumes and sales prices.

Bearings & Industrial Solutions – EBIT margin before special items 10.1 percent

Compared on a pro-forma basis, Bearings & Industrial Solutions division revenue declined by 2.1 percent at constant currency in the first quarter of 2025, largely due to a market-driven decrease in volumes in the Europe region. The division generated total revenue of 1.62 billion euros (pro-forma prior year: 1.66 billion euros).

The division generated EBIT before special items of 164 million euros (pro-forma prior year: 190 million euros). The EBIT margin before special items amounted to 10.1 percent (pro-forma prior year: 11.4 percent). The decline compared to the prior year was mainly due to a market-driven decrease in volumes in the Europe region.