AB SKF (publ) (SKF_A) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

A warm welcome to this call focusing on SKF's performance in Q4 2025. We are ending the year with improved adjusted operating margins, both at the group level and in our large industrial business area. And this was mainly driven by strong cost management, but also solid commercial execution. I'm Sofia Arnjus, heading up Investor Relations. With me, I have our CEO, Ulrika Gustafsson, and our CFO, Susanne Larsson. After their presentations, there will be opportunities for you to ask questions. And there are two ways to do that. So, if you are joining via the telephone, you can, at any time, press star and one to ask a question. If you are instead watching via the webcast, you can already now type in your questions, and you do that in the tab just above the slides. So, without further ado, it's a great pleasure to hand over to you, Richard. Thank you very much, Sofie, and good morning, and thank you for joining us for this earnings call. I am pleased. to once again report an improved adjusted operating margin year over year, despite very challenging market conditions and headwind from currency. As you can see from the chart on the right-hand side, in the quarter we do report flat organic growth, which is in line with our guidance. It's important to stress that This does not imply we compared to Q3 that we have deteriorated market activities in Q4 versus Q3, but rather a consequence of tougher comparisons. We do report organic growth in our industrial business, but we still see some softer demand in our automotive that are still in a declining organic growth territory. The automotive separation is, of course, continuous at high pace and strong momentum. And I am very pleased to say that we have identified an opportunity to further accelerate the phase-out of the automoti...