ZF Q1 2026 Margin Rises to 4.7% as Sales Reach €9.4 Billion
ZF reported a Q1 2026 adjusted EBIT margin of 4.7%, up from 2.4% a year ago, with sales of €9.4 billion.
€9.4 billion
4.7%
€446 million
What Happened
ZF Friedrichshafen AG made a solid start to fiscal year 2026. Sales reached €9.4 billion in the first quarter despite a persistently weak market environment, representing organic growth of about 3% year over year. Operational performance continued to improve, with the adjusted EBIT margin increasing to 4.7%, up from 2.4% in the prior-year period.
4.7%percent
Up from 2.4% in Q1 2025, reflecting stronger operational performance.
“The direction we’ve taken to improve our operating performance is the right one, and it’s essential. We are clearly making progress, but the recovery still requires time and discipline.”
Why this matters
The margin improvement shows ZF's operational turnaround is on track despite a weak market and lower R&D spending.
Terms in This Story
- EBIT
- Earnings before interest and taxes, a measure of a company's operating profit.
- Free cash flow
- Cash generated by a company after accounting for capital expenditures, used to assess financial health.
- Net working capital
- Current assets minus current liabilities, reflecting short-term liquidity.
Summarised from the linked release; details can be imperfect — always verify against the original source.