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Schaeffler Issues Cautious 2026 Outlook as Vitesco Charges Keep 2025 in the Red

Investors sold the stock after the guidance, sending shares down nearly 17 percent.

Overview

  • Schaeffler guided 2026 revenue to €22.5–24.5 billion with an adjusted EBIT margin of 3.5–5.5 percent.
  • Full‑year 2025 revenue fell 3.4 percent to €23.5 billion, adjusted operating profit rose 11.1 percent to €936 million, and the net result was a €424 million loss driven by restructuring and integration costs.
  • The company raised its dividend to €0.30 per share as free cash flow before M&A improved to €266 million, supported by lower investment spending and tighter capital discipline.
  • E‑Mobility sales grew 7 percent to €5.015 billion, though the division still posted an operating loss of €805 million, with management targeting profitability later in the decade.
  • Management is expanding into defense and humanoid robots with a goal of about 10 percent of revenue by 2035, and it says a supplier deal with drone maker Helsing to provide electric motors is expected soon.