- SKF’s net sales for Q4 stood at SEK24.73 billion, surpassing the estimated SEK23.25 billion.
- The company’s organic revenue declined by 3.1%, yet it beat the forecasted decline of 5.01%.
- Operating profit was SEK2.33 billion, which was slightly below the estimate of SEK2.45 billion.
- For the year 2024, a dividend per share of SEK7.75 was declared.
- The company highlighted its resilience in 2024 amidst challenging market conditions through strategic execution.
- SKF managed to maintain solid margins in Q4 despite low demand and currency challenges.
- The company offset weak demand with effective pricing strategies, portfolio management, and a focus on the aftermarket.
- The Industrial business in the Americas and India & Southeast Asia showed positive organic growth, supported by timely deliveries before year-end.
- Among analysts, there are 15 buy recommendations, 6 holds, and 1 sell recommendation for SKF.
A look at SKF AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
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 heavily focused on the rolling bearing and seal business, has received a solid outlook based on the Smartkarma Smart Scores. With high marks in Value and Dividend scores, it indicates that SKF AB is considered to be in a strong financial position with good potential for returns to shareholders. The Growth and Resilience scores, although not as high, point to consistent performance and stability within the company. Furthermore, the Momentum score of 5 suggests that SKF AB is currently experiencing strong positive market momentum, which could bode well for its future prospects.
SKF AB‘s product portfolio ranges from ball and roller bearings to specialized bearings, sealing systems, and various related products and services. With a focus on industrial clients globally, SKF AB‘s diverse offerings cater to a wide range of industrial needs. The overall positive Smart Scores for SKF AB indicate a company with a competitive edge in the market and potential for long-term growth and stability.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
