SKF, AB
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GOTHENBURG, Sweden, April 25, 2025 /PRNewswire/ --
Q1 2025
Net sales: MSEK 23,966 (24,699)Organic growth: −3.5% (−7.0%), driven by lower market demand across regions and industries, except for aerospace showing continuous growth.Adjusted operating profit: MSEK 3,233 (3,303). Continued strong price/mix contribution, driven by pricing actions and active portfolio management, as well as good cost control which largely offset the lower volumes.Adjusted operating margin: 13.5% (13.4%) with Industrial at 16.9% (16.4%) and Automotive at 5.2% (6.0%).Net cash flow from operating activities: MSEK 977 (1,781).GOTHENBURG, Sweden, April 25, 2025 /PRNewswire/ --
Q1 2025
Net sales: MSEK 23,966 (24,699)Organic growth: −3.5% (−7.0%), driven by lower market demand across regions and industries, except for aerospace showing continuous growth.Adjusted operating profit: MSEK 3,233 (3,303). Continued strong price/mix contribution, driven by pricing actions and active portfolio management, as well as good cost control which largely offset the lower volumes.Adjusted operating margin: 13.5% (13.4%) with Industrial at 16.9% (16.4%) and Automotive at 5.2% (6.0%).Net cash flow from operating activities: MSEK 977 (1,781).GOTHENBURG, Sweden, April 25, 2025 /PRNewswire/ --
Q1 2025
Net sales: MSEK 23,966 (24,699)Organic growth: −3.5% (−7.0%), driven by lower market demand across regions and industries, except for aerospace showing continuous growth.Adjusted operating profit: MSEK 3,233 (3,303). Continued strong price/mix contribution, driven by pricing actions and active portfolio management, as well as good cost control which largely offset the lower volumes.Adjusted operating margin: 13.5% (13.4%) with Industrial at 16.9% (16.4%) and Automotive at 5.2% (6.0%).Net cash flow from operating activities: MSEK 977 (1,781).GOTHENBURG, Sweden, April 14, 2025 /PRNewswire/ -- SKF has completed the previously announced divestment of its ring and seal operation in Hanover, Pennsylvania, USA, to Carco PRP Group for a total enterprise value of USD 215 million, corresponding to approximately SEK 2.1 billion. The divestment will result in a capital gain amounting to approximately SEK 0.8 billion in Q2 and will be reported as Items affecting comparability.
"We are committed to create a more focused and resilient SKF to serve our customers even better and to accelerate profitable growth. Divesting this successful but non-core business at accretive multiples is an important part of this. At the same time, we continue to invest and strengthen our position in core Aerospace segments," says Rickard Gustafson, President and CEO.
GOTHENBURG, Sweden, April 14, 2025 /PRNewswire/ -- SKF has completed the previously announced divestment of its ring and seal operation in Hanover, Pennsylvania, USA, to Carco PRP Group for a total enterprise value of USD 215 million, corresponding to approximately SEK 2.1 billion. The divestment will result in a capital gain amounting to approximately SEK 0.8 billion in Q2 and will be reported as Items affecting comparability.
"We are committed to create a more focused and resilient SKF to serve our customers even better and to accelerate profitable growth. Divesting this successful but non-core business at accretive multiples is an important part of this. At the same time, we continue to invest and strengthen our position in core Aerospace segments," says Rickard Gustafson, President and CEO.
GOTHENBURG, Sweden, April 14, 2025 /PRNewswire/ -- SKF has completed the previously announced divestment of its ring and seal operation in Hanover, Pennsylvania, USA, to Carco PRP Group for a total enterprise value of USD 215 million, corresponding to approximately SEK 2.1 billion. The divestment will result in a capital gain amounting to approximately SEK 0.8 billion in Q2 and will be reported as Items affecting comparability.
"We are committed to create a more focused and resilient SKF to serve our customers even better and to accelerate profitable growth. Divesting this successful but non-core business at accretive multiples is an important part of this. At the same time, we continue to invest and strengthen our position in core Aerospace segments," says Rickard Gustafson, President and CEO.
GOTHENBURG, Sweden, April 10, 2025 /PRNewswire/ -- SKF will publish its Q1 results for 2025 on 25 April at approximately 07:30 (CEST).
Investors, analysts and media are invited to join a webcast, which will be held in English, at 09:00 (CEST).
To join the webcast, please login at least 10 minutes before the start using the below link or phone numbers:
Link to web event: https://www.investis-live.com/skf/67e26af6eeffcd000f59a93e/mpwrt Sweden: +46 8 5051 0031UK / International: +44 207 107 0613
All information regarding the results will be made available on the Group's IR website: https://investors.skf.com/en/quarterly-reports
GOTHENBURG, Sweden, April 10, 2025 /PRNewswire/ -- SKF will publish its Q1 results for 2025 on 25 April at approximately 07:30 (CEST).
Investors, analysts and media are invited to join a webcast, which will be held in English, at 09:00 (CEST).
To join the webcast, please login at least 10 minutes before the start using the below link or phone numbers:
Link to web event: https://www.investis-live.com/skf/67e26af6eeffcd000f59a93e/mpwrt Sweden: +46 8 5051 0031UK / International: +44 207 107 0613
All information regarding the results will be made available on the Group's IR website: https://investors.skf.com/en/quarterly-reports
GOTHENBURG, Sweden, April 10, 2025 /PRNewswire/ -- SKF will publish its Q1 results for 2025 on 25 April at approximately 07:30 (CEST).
Investors, analysts and media are invited to join a webcast, which will be held in English, at 09:00 (CEST).
To join the webcast, please login at least 10 minutes before the start using the below link or phone numbers:
Link to web event: https://www.investis-live.com/skf/67e26af6eeffcd000f59a93e/mpwrt Sweden: +46 8 5051 0031UK / International: +44 207 107 0613
All information regarding the results will be made available on the Group's IR website: https://investors.skf.com/en/quarterly-reports
GOTHENBURG, Sweden, April 1, 2025 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF was held on Tuesday, 1 April 2025.
The income statements and the balance sheets were adopted, together with the Board's proposal for distribution of dividend. A dividend of SEK 7.75 per share was approved. To be entitled to receive the dividend, shareholders must be recorded in the share register on Thursday, 3 April 2025.
The Board members and the CEO were discharged from liability for their administration of the company for the financial year 2024.
P R O D U C T S U G G E S T I O N S
