SKF B SKF AB Class B

SKF Ranked as One of the World’s Most Sustainable Companies

For the 17th year in a row, SKF (STO:SKFA)(STO:SKFB)(LSE:SKFB) has been listed as one of the most sustainable companies by the Dow Jones Sustainability World Index (DJSI).

The Group’s performance within supply chain management and overall environmental management programme once again ranked highly in the survey.

Rob Jenkinson, Director, Corporate Sustainability, says, “Our long-running inclusion in the DJSI is something that we are all very proud of within SKF. Sustainability issues for businesses have evolved during this period, with an ever increasing focus on reducing negative environmental impacts and doing more for society as a whole. We maintain our focus on understanding these issues and the role we can play to help address them – now, and in the future.”

“Doing so is good for society, the environment and makes long term business sense for SKF, our customers and suppliers.”

The Dow Jones Sustainability Indexes were launched in 1999 and are the longest-running and most prestigious global sustainability benchmarks worldwide. In addition, SKF is also a member of the FTSE4Good Index and Ethibel Sustainability Index (ESI) Excellence Europe.

Aktiebolaget SKF (publ)

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2015 were SEK 75 997 million and the number of employees was 46 635. www.skf.com

® SKF is a registered trademark of the SKF Group.

This information was brought to you by Cision http://news.cision.com

EN
15/09/2016

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Reports on SKF AB Class B

Delphine Brault ... (+2)
  • Delphine Brault
  • Quentin Borie

SKF : We see the 2024 guidance as ambitious

>Q4 2023: 8% ahead of expectations at the EBIT level, thanks to industrial division - Yesterday morning SKF reported Q4 2023 results that beat expectations with an organic decline of -1.9% (vs consensus -2.9%) and an operating EBIT margin up +200bp to 12% (vs consensus 10.9%). Volumes were down significantly by close to -7% by our estimates, while the price effect was still positive (just below 5% according to management comments). The Industrial division posted ...

Delphine Brault ... (+2)
  • Delphine Brault
  • Quentin Borie

SKF : La guidance 2024 nous semble ambitieuse

>T4 2023 : 8% au-dessus des attentes au niveau de l’EBIT, grâce à Industrial - SKF a publié hier matin des résultats T4 2023 supérieurs aux attentes avec un recul organique de 1.9% (vs css à -2.9%) et une marge d’EBIT opérationnel de 12% en hausse de 200 pb (vs css à 10.9%). Les volumes sont en recul significatif, à près de 7% selon nous, avec un effet prix toujours positif (légèrement inférieur à 5% d’après les commentaires du management). La division Industrial...

Mattias Holmberg
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SKF (Hold, TP: SEK225.00) - Currency conundrum

The Q4 report included Q1 and 2024 organic growth guidance in line with consensus, while a key highlight was the strong Industrial margin, where efforts to prune the portfolio started to take effect. FX had a surprisingly negative effect on sales growth, and the company made a SEK338m adjustment to EBIT for hyperinflation accounting in Argentina, which we estimate will result in EBIT being overstated by 2–3% in 2024. We reiterate our HOLD, but have raised our target price to SEK225 (220), having...

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