Brief: SKF Expects Q3 Organic Sales To 'Strengthen Somewhat' Y/Y
BRIEF-SKF Expects Q3 Organic Sales To 'Strengthen Somewhat' Y/Y July 17 (Reuters) - SKF AB SKFb.ST:
Q2 ADJUSTED EBIT SEK 3,223 MILLION
Q2 SALES SEK 23,195 MILLION VERSUS. IBES ESTIMATE SEK 22,957 MILLION
Q2 EBIT SEK 2,219 MILLION VERSUS. IBES ESTIMATE SEK 3,109 MILLION
Q2 ADJUSTED EBIT MARGIN 13.9%
Q2 ADJUSTED EPS SEK 4.98
Q2 BASIC EPS SEK 2.77
SEES Q3 ORGANIC SALES TO STRENGTHEN SOMEWHAT, YEAR-OVER-YEAR
OUTLOOK Q3: CURRENCY IMPACT ON OPERATING PROFIT: AROUND MSEK 100, YEAR-OVER-YEAR
SEES 2026 TAX LEVEL OF 29% VERSUS EARLIER VIEW OF AROUND 28%
SEES FY ADDITIONS OF SEK 4 BILLION VERSUS EARLIER VIEW OF AROUND SEK 5 BILLION
SEES FY ITEMS AFFECTING COMPARABILITY OF SEK -2.5 TO -3 BILLION VERSUS EARLIER VIEW SEK -2.5 TO -3 BILLION
AUTOMOTIVE BUSINESS: WE REMAIN ON TRACK FOR PLANNED LISTING IN Q4 2026
SAVINGS FROM RIGHTSIZING ACTIVITIES OF APPROX MSEK 350 MORE THAN OFFSET SEPARATION-RELATED NEGATIVE SYNERGIES IN Q2
WE EXPECT THAT FY RIGHTSIZING SAVINGS WILL BE HIGHER THAN NEGATIVE SYNERGIES
Source text: ID:nWkr87T4t2
Further company coverage: [SKFb.ST]
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
Recent news on SKF AB
See all newsBearing maker SKF slips as soft outlook overshadows Q3 beat
Bearings maker SKF's profit slightly ahead of expectation, sees very volatile markets (updated)
Sweden's SKF misses Q3 sales, operating profit estimates
Brief: SKF Reports Q3 Sales of SEK 17.5 Billion, Below Estimate
Bearings maker SKF's adjusted operating profit slightly ahead of expectation