SKF : Q4 2023 better than expected (at the operating level)
>Q4 2023: organic decline in sales of 1.9% and adjusted EBIT margin of 12% - SKF this morning reported Q4 2023 results that just missed expectations (forex impact in the automotive division) at the level of sales, which came to SEK 24.438bn (consensus SEK 24.592bn), down -1.9% on an organic basis (consensus -2.9% and ODDO BHF -4%). This decline therefore reflects negative volumes, notably in the industrial division where sales were down -3% organically (automotive: +0...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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