SKF : Q3 preview: the risks to the guidance appear to be priced in
>Q3 2024: a slight organic decline in sales (-1.1%) and an adjusted EBIT margin of 11.7% - For Q3 2024, we expect sales to decline -1.1% on an organic basis (consensus at -3%), including a price effect of +1.1% and a volume effect of -2.2%. Management expects Q3 sales to be stable on an organic basis.For the Industrial division, we forecast a slight organic increase (1%) in Q3. As a reminder, Q3 2023 was the first quarter i/ of destocking at some OEMs (agricultur...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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