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Investing.com -- Schaeffler shares slipped more than 3% on Tuesday after reporting third-quarter results broadly in line with expectations, though its e-mobility division remained a drag.
The German auto parts supplier posted sales of €5.83 billion and EBIT of €264 million, implying a group margin of 4.5%. Free cash flow reached €175 million, matching the company’s earlier guidance.
By division, E-Mobility posted sales of €1.29 billion with an EBIT loss of €189 million, compared to consensus estimates of €1.29 billion and €183 million, respectively. EBIT margin was reported at -14.7%, improved from -19%.
Powertrain & Chassis achieved €2.19 billion in sales and €242 million EBIT, while Bearings & Industrial Solutions generated €1.57 billion in revenue and €125 million in EBIT.
Jefferies analysts led by Vanessa Jeffriess described the results as “good as guided” but noted that “there is some work to do in E-Mobility in 4Q, given 9M EBIT margin of -17.5% versus the FY guidance range of -17% to -14%."
Still, the analysts added that reimbursements should provide some relief and pointed to “good progress in 3Q.” They also noted that the Bearings & Industrial Solutions segment “is tracking at the upper end of upgraded guidance.”
The company reaffirmed its full-year 2025 outlook, expecting “considerable” constant-currency revenue growth, an EBIT margin of 3–5%, and free cash flow between €0 and €200 million.
Jefferies kept a Hold rating with a €5.25 price target, saying valuation remains stretched but that the partnership with Neura Robotics could “drive further share price momentum.”