SKF : Margin resilience at cycle trough, proof of the group’s recent transformation
>Q3 2024: margin growth despite contraction in business - On Wednesday morning, SKF published Q3 2024 results above expectations in terms of adjusted EBIT. Sales were down organically by -4.4% (vs css at -2.9%), with the price/mix effect remaining positive. The two divisions were down by -4.6% and -4% respectively for the Industrial and Automotive divisions.The adjusted EBIT margin was up 40bp y-o-y to 11.9% (vs css at 11.4%), an excellent performance given ...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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