07 May, 2025Schaeffler AG published its results for the first quarter of 2025 today. Revenue for the first three months of the year was 5,924 million euros; based on pro-forma amounts and at constant currency, revenue was 2.9 percent below prior year (pro-forma prior year: 6,141 million euros).
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, compared on a pro-forma basis.
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 with prior 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.”
Net income attributable to shareholders of the parent company amounted to 83 million euros. Earnings per common share were 0.09 euros.
The Schaeffler Group’s net financial debt amounted to 5,013 million euros as at March 31, 2025. The net financial debt to EBITDA ratio before special items on a pro-forma basis was 2.2 as at March 31, 2025. The ratio of net financial debt to shareholders’ equity (gearing ratio) amounted to 122.6 percent.
Claus Bauer, CFO of Schaeffler AG, said: “Schaeffler AG succeeded in maintaining its earnings quality at the prior year level in the first quarter of 2025, despite the continuing transformation and challenging market conditions. Free cash flow is influenced by seasonal factors but is considerably better than in the prior year. We will continue to carefully manage our financial resources. With 2025 off to a good start, our main priority for the coming quarters will now be on playing to our strengths and consistently continuing our alignment toward the future, despite the dynamic trade and geopolitical situation.”
The company had a workforce of 113,682 employees worldwide as at March 31, 2025.
At its meeting on April 28, 2025, the Board of Managing Directors of Schaeffler AG confirmed the outlook issued on February 18, 2025.
Schaeffler is currently reviewing and implementing measures to mitigate the impact of the current tariff regulations. Due to the dynamic situation, a conclusive quantitative assessment is only possible to a limited extent at this time.
Based on this, the Schaeffler Group continues to anticipate 23 to 25 billion euros in revenue in 2025. In addition, the company expects to generate an EBIT margin before special items of 3 to 5 percent in 2025. The Schaeffler Group continues to anticipate free cash flow before cash in- and outflows for M&A activities of -200 to 0 million euros for 2025.
“We are maintaining our outlook despite the challenging environment, conscious of the fact that the current trade policy disputes are increasing the lack of planning reliability,” Klaus Rosenfeld said.
