Half Year 2025 Schaeffler AG Earnings Call Transcript
Key Points
- Schaeffler AG (SFFLY) reported a positive free cash flow of EUR 27 million for Q2 2025, which was better than expected and an improvement over Q2 2024.
- E-mobility sales increased by nearly 10%, with significant growth in Europe (9.5%) and America (31%).
- The company achieved a 13% outperformance in the BEV market, with sales growth of 50.6% compared to the market growth of 37.7%.
- Schaeffler AG (SFFLY) secured a significant new contract with a Chinese new energy vehicle player, enhancing its competitiveness in the Chinese market.
- The Bearings and Industrial Solutions division saw a gross margin improvement of 1.2 percentage points, indicating a positive health indicator for the business.
- Sales were slightly down by 2.2% compared to Q2 2024, with a decrease in the EBIT margin from 3.9% to 3.5%, impacted by FX and tariffs.
- Powertrain and Chassis sales decreased by 7.3%, with a book-to-bill ratio below 1, indicating challenges in this division.
- The company faced a negative foreign exchange impact of EUR 63 million on gross profit, primarily due to the weakness of the US dollar and Chinese renminbi.
- The PTC division experienced a significant volume drop, particularly in Europe, affecting its performance.
- The company's leverage ratio increased to 2.4 times, above its midterm target range, indicating a need for careful debt management.
Good morning, ladies and gentlemen, and welcome to Schaeffler Group Q2 2025 earnings conference call and live webcast. My name is Yusuf, the course call operator.
(Operator Instructions) And that this conference is being recorded. The conference must not be recorded for publication or for broadcast. At this time, it's my pleasure to hand over to Heiko Eber, Head of Investor Relations. Please go ahead, sir.
Thank you very much. Ladies and gentlemen, I'm very happy to welcome you to our today's call on the financial results Q2 2025. The press release, the following presentation, and our interim statement have been published today at 8:00 AM Central European Time on our Investor Relations homepage, and for sure, we will provide the recording and the transcript of this webcast after the call.
As a quick reminder, please note that all figures for 2024 are pro forma figures unless they are marked separately as reported figures, and the mentioned pro forma figures 2024 and related information are
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