Q2 2026 SKF AB Earnings Call Transcript
Key Points
- SKF AB (SKFRY) reported a positive organic growth of 1.4% for the quarter, driven by strong growth in Asia and the Specialized Industrial Solutions segment.
- The adjusted operating margin improved to 13.9%, supported by significant profitability uplift in the Specialized Industrial Solutions segment.
- The company realized SEK350 million in benefits from its right-sizing program, exceeding negative synergies from the separation.
- SKF AB (SKFRY) announced a promising venture in the humanoid space, aiming to become a key component supplier for industrial humanoids.
- The Automotive separation is progressing on schedule, with plans to complete the listing by Q4 2026.
- Demand in Europe remains generally soft, with both light and commercial vehicles reporting negative organic growth.
- Cash flow for the quarter was somewhat lower than the same quarter last year, impacted by SEK700 million from right-sizing and separation activities.
- The Automotive segment experienced a decline in growth, with a negative 1.4% organic growth in the quarter.
- The company faced weaker productivity in support production, impacting costs negatively.
- There is ongoing unpredictability due to geopolitical turmoil and conflicts in the Middle East, affecting market demand.
Welcome to our Q2 2026 earnings call.
Once again, we navigated well in markets with mixed demand. Our strong underlying margin was mainly driven by our Specialized Industrial Solutions segment, which grow in targeted areas, including aftermarket.
I'm Sophie Arnius, heading up Investor Relations. With me here in the room, I have our CEO, Rickard Gustafson; and our CFO, Susanne Larsson.
After their presentations, there will be opportunities to ask questions. (Event Instructions)
Without further ado, let's get started here. It's a great pleasure to hand over to you, Rickard.
Thank you very much, Sophie. Good morning, everyone. Thank you for joining us for this earnings call.
Starting on the first page -- and draw your attention to the up-right corner with the bar chart, where you see that, also, in this quarter, we are in the positive organic growth territory.
This quarter, we report
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