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investing.com -- Schaeffler AG (ETR:SHA_p) shares fell more than 4% on Wednesday after the company reported second-quarter EBIT 10% below consensus expectations, weighed down by weaker margins in its industrial segment. Full-year guidance was maintained.
The German automotive and industrial supplier reported EBIT of €205 million for the quarter, missing consensus estimates of €227 million and Jefferies’ forecast of €231 million.
Group sales reached €5.922 billion, slightly below consensus of €5.994 billion and Jefferies’ estimate of €6.058 billion.
Margins in the Bearings and Industrial Solutions segment declined 430 basis points from the prior quarter, which had benefitted from one-off items.
The unit reported EBIT of €93 million on €1.614 billion in sales, trailing consensus EBIT of €112 million.
The E-Mobility division posted a narrower loss in the quarter, with EBIT of -€192 million on €1.245 billion in sales.
That compared with consensus expectations of -€221 million and sales of €1.25 billion. Powertrain Components recorded EBIT of €223 million on €2.25 billion in sales, close to consensus figures of €238 million EBIT and €2.26 billion in revenue.
Vehicle Lifetime Solutions reported EBIT of €112 million, slightly below the consensus forecast of €122 million, on €780 million in sales.
Free cash flow for the quarter was €27 million, ahead of both Jefferies’ projection of €-92 million and consensus at €6 million.
Schaeffler confirmed its full-year 2025 forecast, maintaining projected group sales between €23 billion and €25 billion, an EBIT margin of 3% to 5%, and free cash flow between €-200 million and €0.