SKF : Despite a good Q2, the first signs of a slowdown are tangible
>Q2 2023: 8% above expectations at the EBIT level, thanks to Automotive - SKF yesterday morning published Q2 2023 results ahead of expectations, with organic growth of 7.9% and an operating EBIT margin of 13.3% (+280bp). However, volumes moved into negative terrain, down 1%. The Industrial division posted organic growth of 5.7% and an operating EBIT margin of 15.9% (+200bp), broadly in line with consensus expectations.In contrast, earnings for the Automotiv...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.
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