German machine and car parts maker cited weaker market expectations, especially for passenger cars and light commercial vehicles, while keeping its 2028 margin and cash flow goals unchanged.
Schaeffler lowered its medium-term sales outlook, saying weaker market expectations, particularly for passenger cars and light commercial vehicles, would weigh on growth. The German machine and car parts maker now expects 2028 sales of €24 billion to €26 billion, down from its previous target range of €27 billion to €29 billion. It kept its 2028 targets for an adjusted operating profit margin of 6% to 8% and adjusted free cash flow of €400 million to €600 million. The stock fell 18% at 1025 GMT.