- SKF’s first-quarter adjusted operating profit was SEK 3.23 billion, surpassing the estimated SEK 3.07 billion.
- The company’s automotive segment posted an adjusted Ebit of SEK 362 million, exceeding the forecast of SEK 328.3 million.
- Adjusted operating margin reached 13.5%, higher than the projected 12.7%.
- Net sales were SEK 23.97 billion, slightly below the expectation of SEK 24.38 billion.
- Automotive revenue totaled SEK 6.93 billion, which was below the anticipated SEK 7.05 billion.
- Organic revenue declined by 3.5%, compared to an estimated decline of 2.06%.
- The company’s operating profit was SEK 2.89 billion, narrowly missing the expected SEK 2.94 billion.
- SKF’s automotive operating income stood at SEK 208 million.
- Reported EBITA was SEK 3.05 billion, matching the estimate.
- Despite weak demand, SKF maintained margin resilience, with a solid price/mix helping offset lower volumes.
- China and Northeast Asia recorded positive organic growth for the first time in seven quarters, benefiting from favorable comparisons with the past.
- The investment community’s outlook includes 12 buy recommendations, 10 hold recommendations, and no sell recommendations.
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A look at SKF AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SKF AB, a company specializing in rolling bearings and seals, has received positive Smart Scores which indicate a favorable long-term outlook. With strong scores in Value and Dividend categories, SKF AB is positioned well in terms of financial health and returns to shareholders. While scoring slightly lower in Growth, Resilience, and Momentum, SKF AB still maintains a solid overall outlook for the future. The company’s diverse product line and global reach in industrial markets contribute to its overall positive standing.
SKF AB develops, produces, and markets a range of products, solutions, and services in the rolling bearing and seal business. From ball and roller bearings to specialty bearings, sealing systems, and more, SKF serves industrial companies worldwide with tools for mounting and dismounting bearings, as well as measuring and monitoring instruments. The company’s competitive Smart Scores reflect its strength in value and dividends, positioning SKF AB as a promising investment for the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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