Brief: SKF Reports Q3 Sales of SEK 17.5 Billion, Below Estimate

SKF AB

Wed 06:38

Oct 21 (Reuters) - SKF AB SKFb.ST:
Q3 ADJUSTED EPS SEK 3.88
Q3 SALES SEK 17,467 MILLION VS. IBES ESTIMATE SEK 21,473 MILLION
Q3 ADJUSTED EBIT SEK 2,845 MILLION
Q3 EBIT SEK 2,778 MILLION VS. IBES ESTIMATE SEK 2,837 MILLION
Q3 BASIC EPS SEK 3.74
Q3 ADJUSTED EBIT MARGIN 16.3%
CONTINUE TO ACTIVELY WORK WITH OUR COST AND COMMERCIAL EXECUTION TO MITIGATE CONTINUED COST INFLATION IN INPUT COSTS AND LOGISTICS
TARIFF-RELATED COSTS WERE AGAIN LARGELY COMPENSATED
CURRENCY EFFECTS PROVIDED A MINOR TAILWIND IN Q3
EXPECT ORGANIC SALES FOR SKF GROUP'S CONTINUING OPERATIONS TO STRENGTHEN SOMEWHAT IN Q4, YEAR-OVER-YEAR
SEE A SIMILAR MARKET ENVIRONMENT AS WE HAD IN Q3
MARKET VOLATILITY REMAINS HIGH WHICH AMPLIFIES OVERALL UNCERTAINTY
GUIDANCE Q4 2026, CURRENCY IMPACT ON OPERATING PROFIT: AROUND MSEK 150, YEAR-OVER-YEAR, BASED ON EXCHANGE RATES AS PER 30 SEPTEMBER 2026
ON RIGHTSIZING PROGRA: EXPECT TO REACH TARGETED ANNUAL RUN-RATE SAVINGS OF ABOUT BSEK 2 BY MID-2027 VERSUS PREVIOUS VIEW END-2027
Source text: ID:nWkr1JqjD1
Further company coverage: [SKFb.ST]

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