Schaeffler AG reported higher third-quarter adjusted EBIT and margin despite lower revenues. For fiscal 2025, revenue is expected to be in the range of 23 to 25 billion euros, with an adjusted EBIT margin of 3 to 5 percent. The Bearings & Industrial Solutions division anticipates an EBIT margin of 6 to 8 percent and revenue of 6 to 6.75 billion euros. In the third quarter, EBIT before special items increased to 264 million euros, with an adjusted EBIT margin of 4.5 percent. Revenue for the quarter dropped to 5.83 billion euros. In the nine-month period, adjusted EBIT was 746 million euros, with a margin of 4.2 percent on revenue of 17.67 billion euros.

Read more at Nasdaq: Schaeffler Q3 Adj. EBIT Climbs, Revenues Down On Pro Forma Basis; Backs FY25 Outlook