AB SKF (publ) (SKF_A) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

A warm welcome to this call where we will focus on SKF performance in Q1 2026. And we had a strong start of the year in terms of margin successful in navigating in volatile market conditions. I'm Sofia Arnjus, heading up Investor Relations, and today I'm joined by our CEO, Richard Gustafsson, and our CFO, Susanne Larsson. After their presentations, there will be an opportunity to ask questions, and there are two ways to do that. So, if you have joined via the telephone, you can press star and one to ask a question. Or if you're instead watching via the webcast, you can already now type in your questions, and you will do that in the tab just above the slides. So without further ado, it's a great pleasure to hand over to you, Rikke. Please. Thank you, Sofie. And a warm welcome to all of you for joining us at this quarterly report out. During the quarter, we continue to execute on our strategic priorities, strengthening our position in high-value industrial segments and advancing the separation of our automotive business. And in the quarter, we do deliver a strong performance despite volatile market conditions. As you can see from the right-hand side of this chart, organic growth came in at 2.4% in line with our guidance, driven by solid organic growth in specialized industrial solutions and bearing solutions that more than offset continued weakness in automotive demand. The adjusted operating margin is holding up well at 13.5% despite a significant headwind from FX or currency. And the main drivers behind this strong margin are fourfold. Firstly, we have a better and improved margin in our specialized industrial solutions segment. Secondly, we have a strong mix in the quarter, primarily driven by the fact that the industrial business segments are growing faster than ou...