AB SKF (publ) (SKF_A) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

A warm welcome to this call, where we are focusing on SKF's performance for the first quarter of 2025. And once again, we delivered solid margins. And that's thanks to our diligent strategic execution. My name is Sofie Arnjus. I'm heading up Investor Relations. And I will also be joined by our CEO, Rickard Gustafsson, and our new CFO, I should say, Susanne Larsson, who rejoined SKF in mid-February. And after their presentations, we will open up for questions. And there are two ways to do that. So if you are dialing in via the telephone, you press star and one. If you are instead watching via the webcast, you can already now write your questions and you do that in the tab that you find just above the slides. So let's get started and it's a great pleasure to hand over to you, Rickard. Thank you so much, Sophie. And good morning and warm welcome to all of you. And thank you for joining us on this webcast. Today, we're going to present a story that the actual journey continues. As you can see on this chart, we now present for the seventh consecutive quarter a negative organic growth, while at the same time our margin demonstrates strong resilience. And this is due to diligent strategy execution both in terms of driving commercial capabilities and operational capabilities. And I will touch more on this shortly. Furthermore, Our work to establish two competitive and fit for purpose businesses continues at a high pace. And clearly, the ongoing discussions around tariff in geopolitical issues have required some significant attention from all of us during the quarter. And of course, I will also bring some more flavor to this as we go through this presentation. But let's start by looking at our numbers from at the top. Starting with net sales, we report a net sales just shy of...