AB SKF (publ) (SKF_A) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to our Q2 2025 earnings call. We achieved strong underlying margin through effective commercial execution and cost control, navigating well in markets with mixed demand. In the quarter, we continue to lay a strong foundation for the future, and we will in this call update you on the ongoing rightsizing activities. I'm Sofia Arnjus, heading up Investor Relations. With me, I have our CEO, Richard Gustafsson, and our CFO, Susanne Larsson. After their presentations, we will open up for questions. And there are two ways to ask questions. If you have joined via the phone, you press star and one. And if you're instead watching via the webcast, you can already now type in your questions And you do that in the tab above the slides. So with that, happy to hand over to you, Richard. Thank you very much, Sophie. And good morning, everyone, and warm welcome to this earnings call. I am pleased to report another quarter of modern resilience given the market circumstances. As you can see on the right-hand side of this chart, Our organic sales was actually rather flattish versus the same quarter last year. And this time, the growth in our industrial business almost offset the decline in automotive. We have a strong operating margin, adjusted operating margin, despite rather tough market conditions and a significant FX headwind in the quarter. Our automotive separation is continuing and building momentum. And at the same time, we are creating a more competitive industrial business. And in this earnings call, I like to give some flavor on what we do when it comes to building this competitiveness in our industrial business. I will touch on how we drive operational efficiency through the right sizing program that we announced in Q1 this year. And I will also touch on how we work ...