The Schaeffler Group generated revenue of EUR 5.764 bn in the first quarter of 2026 (Q1/2025: EUR 5.924 bn). This corresponds to a nominal decline of 2.7%, but an increase of 1.0% excluding the impact of currency translation. © Schaeffler

Free cash flow before cash inflows and outflows for M&A activities amounted to EUR -209 million due to seasonal factors, compared to EUR -155 million in the previous year. Investments in property, plant and equipment and intangible assets (capex) amounted to EUR 237 million in the reporting period after EUR 250 million in the same quarter of the previous year.

Net income amounted to EUR 60 million, earnings per share to EUR 0.06. Net financial debt increased to EUR 5,143 million as at March 31, 2026, compared to EUR 4,915 million at the end of 2025. Schaeffler employed 109,549 people worldwide, 1.1% fewer than at the end of 2025.

At its meeting on April 27, 2026, the Board of Managing Directors of Schaeffler AG confirmed the outlook of February 24, 2026, taking into account the current conflict situation in the Near and Middle East. © Schaeffler

Klaus Rosenfeld, CEO of Schaeffler AG: "The Schaeffler Group has made a good start to 2026 despite a persistently difficult political and economic environment. Based on our diversified positioning with four product-oriented divisions and our global presence in four regions, we are continuing to implement our strategy of becoming the leading motion technology company and are tapping into new growth areas such as humanoid robots and defense. As an integrated technology group, we are thus strengthening our resilience and at the same time focusing on flexibility. We are sticking to our outlook for 2026."

The individual divisions at a glance

The divisions at a glance. © Schaeffler

E-Mobility: losses reduced
The E-Mobility division increased its sales by 6.0% to 1,210 million euros after adjusting for currency effects. This was mainly due to product ramp-ups in Europe and Asia/Pacific.
EBIT before special items amounted to minus 215 million euros after minus 269 million euros in the previous year. The EBIT margin improved from minus 23.1% to minus 17.8%. This was due to higher volumes and a better operating performance at the plants.

Powertrain & Chassis: Highest earnings contribution
Powertrain & Chassis remained the largest division with sales of EUR 2,141 million, but recorded a currency-adjusted decline of 1.8%. The market environment remained weak and portfolio adjustments were also made.
EBIT before special items fell from 290 million euros to 246 million euros. Nevertheless, the EBIT margin remained in double figures at 11.5%.

Vehicle Lifetime Solutions: Highest margin in the Group
The Vehicle Lifetime Solutions division achieved sales of € 801 million, an increase of 0.9% after adjusting for currency effects. Growth resulted primarily from earlier sales price adjustments.
EBIT before special items rose slightly to 128 million euros. The EBIT margin reached 15.9% after 15.5% and thus remained at the highest level in the Group.

Bearings & Industrial Solutions: China supports business
Bearings & Industrial Solutions achieved sales of €1,573 million. Adjusted for currency effects, this corresponds to an increase of 1.6%, driven by impetus from Greater China.
EBIT before special items fell to 142 million euros after 162 million euros. The EBIT margin was 9.0%.