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SKF A SKF AB News Story

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Brief: SKF Targets Organic Growth Of 4%

Nov 11 (Reuters) - SKF AB SKFb.ST:

HOSTS CAPITAL MARKETS DAY; ANNOUNCES UPDATED STRATEGY AND NEW FINANCIAL TARGETS

NEW FINANCIAL TARGET: ORGANIC GROWTH: 4%

NEW FINANCIAL TARGET: ADJUSTED OPERATING MARGIN: >17% MID-TERM, >19% LONG-TERM

RESTRUCTURING IS EXPECTED TO RESULT IN HIGH ITEMS AFFECTING COMPARABILITY (IAC), TOTALING ABOUT BSEK 5.0 FROM Q4 2025 THROUGH 2028

NEW LONG-TERM TARGET: ADJUSTED RETURN ON CAPITAL EMPLOYED (ROCE): 20%

AUTOMOTIVE SEPARATION IS EXPECTED TO RESULT IN ADDITIONAL BSEK 1.5 OF CHARGES. POST 2028, IAC IS EXPECTED TO BE LIMITED

NEW LONG-TERM TARGET: NET LEVERAGE: <2.0X

NEW LONG-TERM TARGET: DIVIDEND: 50%

Source text: ID:nWkr66tVDs

Further company coverage: SKFb.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))

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