SKF : 2024 guidance still looks ambitious to us, based mainly on H2
>Q1 2024: margin resilience (+30bp for adjusted EBIT margin to 13.4%) - SKF reported on the morning of Friday, 26 April, Q1 2024 results ahead of expectations at the adjusted EBIT level.Revenues were down 7% on an organic basis (vs css at -6.5%). Although not quantified by SKF, volumes were down significantly, on our estimates (~-10%) with a still positive price-mix effect (~3%).The adjusted EBIT margin was up 30bp to 13.4% (vs css at 12.9%), a good performa...AB SKF is the parent company of the SKF Group, which supplies products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. Services include technical support, maintenance services, condition monitoring, asset optimization, engineering consultancy and training. Co.'s business areas are: SKF Industrial Market - Strategic Industries, which includes bearings and bearing accessories and lubrication systems; SKF Industrial Market - Regional Sales and Service, which develops SKF Solution Factory facilities providing engineering capability; and SKF Automotive, which develops and manufactures bearings, seals and related products and services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.