Schaeffler reports revenues of 5.7 billion euros, down 2.7 percent in Q1

Schaeffler AG published its results for the first quarter of 2026 today. Revenue for the first three months of the year was 5.76 billion euros, decreasing by 2.7 percent (prior year: 5.9 billion euros.

At group level, the Europe (0.4 percent) and Asia/Pacific (8.0 percent) regions reported constant-currency revenue growth, while revenue declined at constant currency in the Americas (-1.0 percent) and Greater China (-0.5 percent) regions compared to the prior year quarter.

The Schaeffler Group generated 285 million euros in EBIT before special items in the first three months (prior year: 276 million euros). This represents an EBIT margin before special items of 5.0 percent (prior year: 4.7 percent).

“The Schaeffler Group is off to a good start in 2026, despite a persistently difficult political and economic environment. Based on our diversified organizational structure with four product-oriented divisions and our global footprint in four regions, we are continuing to execute our strategy of becoming the leading Motion Technology Company and are accessing new growth areas such as humanoid robotics and defense. As an integrated technology group, we are thus strengthening our resilience while also relying on our flexibility. We are maintaining our full-year outlook for 2026,” says Klaus Rosenfeld, CEO of Schaeffler AG.

E-Mobility – Profitability improved
E-Mobility division revenue rose by 6.0 percent at constant currency to 1,210 million euros (prior year: 1,167 million euros) during the reporting period, mainly driven by product ramp-ups in the Europe and Asia/Pacific regions.

EBIT before special items for the first three months of the year improved to -215 million euros (prior year: -269 million euros). This represents an EBIT margin before special items of -17.8 percent (prior year: -23.1 percent). This improvement from the prior year period was primarily due to the impact of volumes and improved operating performance at the production plants.

Powertrain & Chassis – Double-digit EBIT margin
In a persistently weak market environment, Powertrain & Chassis division revenue for the first three months of the year was down slightly from the prior year period, decreasing by 1.8 percent at constant currency. The impact of strategically streamlining the portfolio contributed to this decrease. The division generated revenue totaling 2,141 million euros during the reporting period (prior year: 2,278 million euros).

The Powertrain & Chassis division generated EBIT before special items of 246 million euros in the first quarter (prior year: 290 million euros). This represents an EBIT margin before special items of 11.5 percent (prior year: 12.7 percent).

Vehicle Lifetime Solutions – EBIT margin increased further
Vehicle Lifetime Solutions division revenue for the reporting period rose by 0.9 percent at constant currency to 801 million euros (prior year: 813 million euros). The slight constant-currency revenue growth was primarily attributable to prior-year adjustments to sales prices.

EBIT before special items for the first quarter amounted to 128 million euros (prior year: 126 million euros), representing an EBIT margin before special items of 15.9 percent (prior year: 15.5 percent).

Bearings & Industrial Solutions – Favorable impetus from China
The Bearings & Industrial Solutions division reported 1,573 million euros in revenue for the first quarter (prior year: 1,625 million euros) in a still challenging market environment. The slight constant-currency increase in revenue of 1.6 percent came mainly on the back of a favorable impetus from the Greater China region.

EBIT before special items for the reporting period amounted to 142 million euros (prior year: 162 million euros). The EBIT margin before special items of 9.0 percent (prior year: 10.0 percent) is in line with expectations.