Schaeffler AG (SHA0) Raises Nine-Month EBIT 6.5%; Confirms 2026 Guidance

What happened

Schaeffler reported nine-month 2026 revenue of €17.481B versus €17.672B a year earlier, while EBIT before special items rose 6.5% to €794M from €746M. The company confirmed its 2026 full-year guidance.

Confirmed

Global impact / market context

Higher EBIT before special items means operating profit improved even as revenue was slightly lower. If that profit per sale holds, Schaeffler can protect earnings and cash generation used for capital spending, covering costs, and meeting its confirmed 2026 guidance.

Analyst inference

Revenue was described as close to prior-year levels at constant currency, which strips out currency swings. Nine-month free cash flow was negative versus €47M a year earlier, so investors may focus on whether the stronger third-quarter cash flow continues into the fourth quarter.

Analyst inference

What to watch

1. Nine-month free cash flow was negative versus €47M a year earlier, while third-quarter free cash flow was €260M versus €175M, showing a recent cash improvement. Confirmed
2. Watch whether Schaeffler gives any revised 2026 targets or 2028 mid-term target progress; no revised targets were disclosed, so any change would be new information. Proposed
3. Track fourth-quarter revenue and EBIT before special items against the confirmed 2026 guidance, since profit improved but revenue was slightly lower and full-year delivery depends on the final quarter. Analyst inference

Evidence

• eqs-news.com