SKF drops despite in-line Q4 profit, dis-synergies to outweigh savings in Q1
30/01/2026 08:19
** Shares in Swedish bearing maker SKF fell 3% after the company reported quarterly results that were broadly in line with expectations ** SKF reported Q4 adjusted operating profit of SEK 2.59 billion ($292.54 million), matching the analysts' average forecast in a company-provided poll ** Jefferies said the Q4 report pointed to flat demand, a delay to the planned listing of SKF's automotive business, and margin pressure heading into the first quarter ** SKF said it now plans to list the automotive business in Q4 2026, and warned that separation-related dis-synergies are expected to begin in early 2026 ** For Q1 2026, Jefferies reports that SKF expects market demand to remain flat sequentially, with no significant rebound yet seen in industrial activity ($1 = 8.8534 Swedish crowns) (Reporting by Agnieszka Olenska) ((Agnieszka.Olenska@thomsonreuters.com;))