Schaeffler 2025: It’s Time for Stable Results

The Schaeffler Group revenue for 2025 was down slightly, decreasing by 0.6 percent to 23,492 million euros (pro-forma prior year: 24,313 million euros), compared on a pro-forma basis and at constant currency.

While revenue for the Americas and Asia/Pacific regions rose by 2.4 percent and 5.1 percent from its prior year level, compared on a pro-forma basis and at constant currency, Europe and Greater China region revenue was 2.3 percent and 4.2 percent below prior year, compared on a pro-forma basis¹ and at constant currency.

Schaeffler AG generated 936 million euros in earnings before financial result, income taxes (EBIT), and special items during the reporting period (pro-forma prior year: 842 million euros). This represents an EBIT margin before special items of 4.0 percent (pro-forma prior year: 3.5 percent). The Schaeffler Group’s free cash flow before cash in- and outflows for M&A activities amounted to 266 million euros (pro-forma prior year: -694 million euros²) and exceeded the guidance raised on October 28, 2025 [0 to 200 million euros].

The Schaeffler 2025 Outcome in the Words of the CEO

“In a challenging environment, the Schaeffler Group successfully continued its transformation into the leading global Motion Technology Company with four product-oriented divisions and eight product families. We are making good progress in our core business. This is especially true for the E-Mobility division, where we grew faster than average. Additionally, we are gradually accessing new growth areas in humanoid robotics and defense with the strategic goal of generating up to ten percent of our revenue from new growth areas by 2035. We are ahead of plan in executing our earnings improvement program announced in 2024. Based on the strong free cash flow, we want to share the Schaeffler Group’s success with our shareholders by paying a dividend of 0.30 euros,” said Klaus Rosenfeld, CEO of Schaeffler AG.

E-Mobility

E-Mobility division revenue increased 7 percent in 2025, compared on a pro-forma basis and at constant currency, to 5,015 million euros (pro-forma prior year: 4,816 million euros). Revenue growth was primarily driven by product ramp-ups partly due to increasing production of electrified vehicles. Revenue was up in nearly all regions. Expanding by 22.5 percent, the Asia/Pacific region generated the strongest revenue growth compared on a pro-forma basis and at constant currency.

The E-Mobility division’s EBIT before special items for 2025 amounted to

-805 million euros (pro-forma prior year: -1,066 million euros). Volume growth improved the EBIT margin before special items to -16.0 percent (pro-forma prior year: -22.1 percent).

Order intake for 2025 amounted to about 15.5 billion euros across all drive types, including 2.0 billion related to battery-electric drives and 8.8 billion related to hybrid drives.

Powertrain & Chassis

Powertrain & Chassis division revenue for 2025 declined 5.2 percent, compared on a pro-forma basis and at constant currency, to 8,900 million euros (pro-forma prior year: 9,656 million euros). The main driver was weak demand from established Western manufacturers in the Europe region, which was expected. The strategic streamlining of the portfolio had an additional impact.

The division’s EBIT before special items for the reporting period was 933 million euros (pro-forma prior year: 1,101 million euros). This represents an EBIT margin before special items of 10.5 percent (pro-forma prior year: 11.4 percent). One of the factors behind the decrease was the adverse trend in volumes, which was partly offset by strong operational performance and favorable one-off impacts.

Vehicle Lifetime Solutions

Vehicle Lifetime Solutions division revenue for the reporting period increased by 5.0 percent, compared on a pro-forma basis and at constant currency, to 3,038 million euros (pro-forma prior year: 2,961 million euros), largely due to the impact of volumes

EBIT before special items for the reporting period was 450 million euros (pro-forma prior year: 440 million euros). The EBIT margin before special items of 14.8 percent was flat with prior year when compared on a pro-forma basis (pro-forma prior year: 14.8 percent), with an adverse impact of the revenue mix and foreign exchange rates offset by the favorable impact of volumes and prices.

Bearings & Industrial Solutions

In the Bearings & Industrial Solutions division, revenue increased slightly in 2025, rising by 0.7 percent, compared on a pro-forma basis and at constant currency, to 6,368 million euros (prior year: 6,525 million euros), primarily supported by favorable trends within the Wind sector and the Aerospace Bearings business division. All regions generated slight increases in revenue for the reporting period, compared on a pro-forma basis and at constant currency.

EBIT before special items amounted to 475 million euros for the same period (pro-forma prior year: 435 million euros). This represents an EBIT margin before special items of 7.5 percent (pro-forma prior year: 6.7 percent). The EBIT margin before special items increased, compared on a pro-forma basis, largely as a result of improved operating performance, particularly at the production plants.

² Includes one-off Vitesco payments related to Contract Manufacturing business, primarily driven by payment terms adjustments.