Skf Ab Class A · OMXSTO:SKF_A
Skf Ab Class A — AB SKF — Q3 2025 Earnings Presentation
19 slides from Skf Ab Class A's earnings presentation, Oct 29, 2025
Slide 1: Quarterly presentation Q3 2025
Alt 4 quarterly presentation 29 october 2025 Q3 2025
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: Improved margin in continued challenging markets
Q3 2025 | STRATEGIC HIGHLIGHTS Improved margin in continued challenging markets • Resilient adjusted operating margin despite a challenging Organic growth and adjusted operating margin market environment and currency headwind • Positive organic sales growth 10% 14% • Across all regions for Industria
Slide 4: Margin resilience in continued challenging markets
Q3 2025 | SUMMARY Margin resilience in continued challenging markets Net sales, SEK bn Adjusted operating margin, % Net cash flow from operations, SEK bn Organic sales 2.0%, year-over-year, driven Adjusted operating margin increased 0.4 pp Net cash flow from operations decreased by Industrial demand
Slide 5: Positive organic growth across all regions
Q3 2025 | SALES BY REGION Positive organic growth across all regions Region % of global net sales Net sales, Organic growth, Market highlights SEK bn % • Industrial organic growth driven by Aerospace and 42% Magnetics EMEA 9.4 1.0% • Slight improvement in demand in Automotive driven by commercial ve
Slide 6: Industrial business
Share of Group net sales Share of Group adjusted operating profit Q3 2025 | SEGMENT OVERVIEW Industrial business 71% 90% Organic growth 3.8% Net sales and adjusted operating margin • Continued organic growth across all geographic regions • Robust price/mix actions, particularly in Americas MSEK 19,0
Slide 7: Automotive business
Share of Group net sales Share of Group adjusted operating profit Q3 2025 | SEGMENT OVERVIEW Automotive business 29% 10% Organic growth -2.3% Net sales and adjusted operating margin • Continued challenging market conditions, particularly in Americas driven by tariff-related uncertainty MSEK • Positi
Slide 8: Automotive separation progressing well under a stretched timeline
Q3 2025 | SEPARATION UPDATE Automotive separation progressing well under a stretched timeline >50% of business volumes transferred into new legal entities Operationally ready to list Separation proceeding at A majority of the Automotive manning completed Automotive high pace by Mid-2026 SKF India’s
Slide 9: Super precision bearings: targeting attractive segments driven by electrification and automation
Share of Industrial net sales ~2% Q3 2025 | STRATEGIC HIGHLIGHTS Super precision bearings | Targeting attractive segments driven by electrification and automation Super precision bearings are critical in attractive …with a robust value proposition customized to meet segments driven by strong megatre
Slide 10: Super precision bearings: setting up a new cross-functional center
Share of Industrial net sales ~2% Q3 2025 | STRATEGIC HIGHLIGHTS Super precision bearings | To meet rising demand, we are setting up a new cross-functional center Co-locating R&D, engineering and production teams Creating a global A center for advanced manufacturing and a hub for cross-functional ce
Slide 11: Financials
Financials Susanne Larsson, CFO SKF Second-quarter report 2025 11
Slide 12: Financial summary
Q3 2025 FINANCIALS Financial summary MSEK unless otherwise stated Q3 2024 Q3 2025 Change IAC breakdown (BSEK) Net sales 23,692 22,482 -5.1% • Impairments: -0.2 Organic growth, % -4.4 2.0 • Restructuring: -0.5, whereof Automotive Gross profit 6,547 6,093 separation costs of -0.4 Gross margin, % 27.6
Slide 13: Bridge analysis
Q3 2025 | FINANCIALS Bridge analysis Q3 2024 Organic1) Cost Currency Structure Q3 2025 Net sales, MSEK 23,692 471 -1,627 -54 22,482 Growth, % 2.0 -6.9 -0.2 -5.1 Adjusted operating profit, MSEK 2,821 389 -23 -439 14 2,762 Adjusted operating margin, % 11.9 12.3 Accretion/dilution, p.p. 1.5 -0.1 -1.0 0
Slide 14: Cash flow
Q3 2025 | FINANCIALS Cash flow Net cash flow from operating activities, MSEK Net cash flow from operating activities MSEK MSEK 1 231 4,500 16,000 - 312 4,000 14,000 3,500 12,000 2 007 3,000 - 697 10,000 1 840 2,500 - 389 8,000 2,000 6,000 1,500 1,000 4,000 500 2,000 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Op
Slide 15: Balance sheet and return on capital
Q3 2025 | FINANCIALS Balance sheet and return on capital Net debt, and Net debt/equity1) Adjusted ROCE, 12 months rolling MSEK 12,000 50% 18% 16% 10,000 40% 14.0% 14% 8,000 30% 12% 6,000 10% 20% 8% 4,000 6% 2,000 10% 4% 0 0% 2% Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 0% 24 25 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Financial
Slide 16: Outlook and guidance
Q3 2025 Outlook and guidance Outlook • Q4 2025: While the global economic development makes the outlook uncertain, we expect market demand to remain at similar levels as in Q3. Consequently, we expect organic sales to be relatively unchanged in Q4, year-over-year. Guidance Q4 2025 • Currency impact
Slide 17: Improved margin in continued challenging markets
Q3 2025 Improved margin in continued challenging markets 01 02 03 04 Continued challenging Margin resilience Automotive separation Capital Markets Day markets Continued overall weak Solid price/mix actions and The separation continues at November 11 in Stockholm markets and geopolitical cost managem
Slide 18: Q&A
Q&A
Slide 19: Slide 19