SKF : Q4 2023 preview: a little premature due to the lack of visibility
>Q4 2023e: sales organic decline of 4%, adjusted EBIT margin of 10.8% (+80bp) - Following contact with the company and the publication of macroeconomic data, we have updated our forecasts for SKF.For Q4 2023, we forecast a -4% organic decline in sales (vs -3.7% previously), including a price effect of 2.9% and a 6.9% decline in volumes (after -1% and -5.6% for the past two quarters). For Q4 the group anticipates a low-single-digit organic decline in sales. T...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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