Skf Ab Class A · OMXSTO:SKF_A
Skf Ab Class A — AB SKF — Q1 2026 Earnings Presentation
22 slides from Skf Ab Class A's earnings presentation, Apr 21, 2026
Slide 1: Quarterly presentation Q1 2026
Alt 4 quarterly presentation 21 APRIL 2026 Q1 2026
Slide 2: Ask a question / Legal disclaimer
Ask a question Webcast Telephone Use question tab Press *1 above the slides Legal disclaimer This presentation contains forward-looking statements that reflect SKF’s current expectations on future events and financial and operational development. Words such as “intend”, “anticipate”, “expect”, “may”
Slide 3: Strong margin despite volatile market conditions
Organic growth and adjusted operating margin Q1 2026 | QUARTERLY SUMMARY 10% 14% 12% Strong margin despite 5% 10% Adj. operating margin Organic growth 8% volatile market conditions 0% 6% 4% -5% 2% • Strong adjusted margin despite significant FX headwind -10% 0% • Strong execution in the rightsizing
Slide 4: New segment structure
Q1 2026 | UPDATE New segment structure Previous structure New structure • Two Industrial segments and one Automotive segment Bearing • Other - previously reported in the business segments solutions • Corporate head office costs SKF post • Internal sales Automotive Industrial separation Specialized •
Slide 5: Organic growth by geographical region
Q1 2026 | SALES BY REGION Organic growth by geographical region Region % of global net sales Net sales, Organic Market highlights SEK bn growth, % • Solid organic growth in SIS in all four business units EMEA 44% 9.7 -1.1% • Weak demand in Bearing Solutions and in Automotive within light vehicles •
Slide 6: Bearing Solutions
Share of Group net sales Share of Group Adj. EBIT Q1 2026 | SEGMENT OVERVIEW 77% Bearing Solutions 54% Organic growth 2.4% Net sales and adjusted operating margin • Improved demand in Asia offset weak demand in EMEA MSEK • Solid price/mix actions, mainly driven by tariffs in Americas 15,000 25% 14,0
Slide 7: Specialized Industrial Solutions
Share of Group net sales Share of Group Adj. EBIT Q1 2026 | SEGMENT OVERVIEW 20% Specialized Industrial 20% Solutions Organic growth 8.7% Net sales and adjusted operating margin • Strong price/mix execution across all four business units MSEK • Very strong momentum within Aerospace and Magnetic 6,00
Slide 8: Automotive
Share of Group net sales Share of Group Adj. EBIT Q1 2026 | SEGMENT OVERVIEW 10% Automotive 26% Organic growth -2.1% Net sales and adjusted operating margin • Challenging market conditions remained. Improved demand in ISEA and growth in EV’s in Asia and Europe MSEK • Pre-buy effects in vehicle after
Slide 9: Quarterly deep-dive
Quarterly deep-dive SKF First-quarter report 2026 9
Slide 10: Lubrication Lifetime Solutions: supporting customers through full lubrication lifecycle
Lubrication Lifetime Solutions | Supporting customers through full lubrication lifecycle Lubrication Portfolio Mix Automatic Lubrication Systems (ALS) % of net sales Value for customers • More reliable and sustainable FY ~5 BSEK performance • Securing the correct lubricant to the right areas, in the
Slide 11: Increase margin by accelerating automatic solutions
Lubrication Lifetime Solutions | Increase margin by accelerating automatic solutions while driving operational excellence 1 2 3 Converting manual into Optimize footprint for cost, Streamlining products and automatic lubrication resilience and front-end value chains solutions & services strength • “O
Slide 12: Automotive: Five key strategic levers
Automotive | Five key strategic levers Long-term indicative Deep-dive today objectives 1) “Above market over 1 2 3 4 5 a business cycle” Organic growth Continue to Maintain and Expand A lean company Entire value “High single digit” win in leading strengthen addressable setup chain is segments leader
Slide 13: Beneficial contracts signed to fuel future profitable growth
Automotive | Beneficial contracts signed to fuel future profitable growth 1 Continue to win in leading segments 3 Expand addressable market Signing beneficial contracts Add new distribution channels • Value of contracts signed in past 12 months at a level that • Vehicle aftermarkets’ systematic effo
Slide 14: Financials
Financials Susanne Larsson, CFO SKF First-quarter report 2026 14
Slide 15: P&L summary
Q1 2026 FINANCIALS P&L summary MSEK unless otherwise stated Q1 2025 Q1 2026 Change IAC breakdown (BSEK) Q1 2025 Q1 2026 Net sales 23,966 21,873 -8.7% Automotive separation -0.1 -0.5 Organic growth, % -3.5 2.4 Footprint investments -0.1 Gross profit 7,136 6,413 Restructuring -0.2 -0.2 Gross margin, %
Slide 16: Bridge analysis
1,200 MSEK Q1 2026 | FINANCIALS Rightsizing run- Bridge analysis rate savings as of Q1 26 Q1 2025 Organic1) Cost Currency Structure Q1 2026 Net sales, MSEK 23,966 584 -2,374 -303 21,873 Growth, % 2.4 -9.9 -1.2 -8.7 Adjusted operating profit, MSEK 3,233 589 -17 -827 -27 2,951 Adjusted operating margi
Slide 17: Cash flow
Q1 2026 | FINANCIALS Cash flow Net cash flow from operating activities, MSEK Net cash flow from operating activities MSEK MSEK 960 4,500 16,000 4,000 14,000 2 643 3,500 3,000 12,000 -1 175 2,500 10,000 - 580 2,000 8,000 1,500 1,000 6,000 500 4,000 0 -500 2,000 -2 294 - 446 -1,000 0 Q4 Q1 Q2 Q3 Q4 Q1
Slide 18: Balance sheet and return on capital
Q1 2026 | FINANCIALS Balance sheet and return on capital Net debt, and Net debt1)/equity Adjusted ROCE, 12 months rolling MSEK 12,000 50% 18% 16% 14.4% 10,000 40% 14% 8,000 30% 12% 6,000 10% 20% 8% 4,000 6% 2,000 10% 4% 0 0% 2% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 0% 24 25 26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Financ
Slide 19: Outlook and guidance
Q1 2026 Outlook and guidance Outlook • Q2 2026: We expect market demand to remain at similar levels as in Q1 as a whole. Consequently, we expect organic sales to be relatively unchanged in Q2, year-over-year against more demanding comparables. However, geopolitical turmoil, including the conflict in
Slide 20: Strong margin driven by solid execution
Q1 2026 Strong margin driven by solid execution 01 02 03 04 Strong rightsizing Strong margin New segment structure Continued progress on execution strategic priorities High pace in rightsizing Solid price/mix actions and Advancing the separation of Focus on accelerating activities compensated for di
Slide 21: Q&A
Q&A
Slide 22: Slide 22