Schaeffler has slashed its mid-term revenue forecast, citing a slower-than-expected industry-wide shift toward electric mobility.
The Herzogenaurach-based supplier, a key player in the automotive supply chain, indicated that the sluggish adoption of EVs is weighing on its longer-term growth trajectory.
The company now expects lower sales volumes for the 2028 fiscal year, reflecting a broader recalibration of expectations within the sector.
Shares of Schaeffler (SPIR.K) fell sharply in early trading following the announcement.
The sell-off highlights investor concern over the durability of demand for traditional components as the transition to electrification drags on.
The move adds to a growing list of negative signals from the European auto industry, where manufacturers and suppliers alike are grappling with weaker demand and shifting consumer preferences.