AB SKF (publ) (SKFB) Earnings Call Transcripts

AB SKF (publ)'s Latest Earnings Call - Q1 FY2026

In Q1 2026, AB SKF reported a revenue decline of 8.7% year-over-year, primarily due to a significant currency headwind of 9.9%. Adjusted operating margin remained stable at 13.5%, supported by strong performance in the Specialized Industrial Solutions segment, which saw an organic growth of nearly 9%. Management maintained its guidance for the full year, expecting organic growth to remain steady, while signaling ongoing challenges in the automotive sector. The company is on track to finalize its automotive separation by Q4 2026.

Reported metrics

Guidance from management

Management expects organic growth to remain stable in Q2 2026, with a full-year tax rate guidance of 28%. The company maintains its capital expenditure outlook of SEK 5 billion for the year.

What management said

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 and navigating in volatile market conditions. I am Sophie Arnius, heading up Investor Relations. And today, I'm joined by our CEO, Rickard Gustafson; and our CFO, Susanne Larsson. After the presentation, there was an opportunity to ask questions. And there are ways to do...

Thank you, Rickard. So now it's time for opening up for questions. And I know that there are many of you that want to ask questions. So please limit it to one question per person. And if time allows, of course, you are very much welcome to so to say rejoin the Q&A queue again. And hopefully, we can also have time to answer your follow-up question. [Operator Instructions] We will start with a question from our telep...

What analysts pressed on

Analysts expressed concerns regarding the ongoing challenges in the automotive sector and the impact of currency fluctuations on margins. There were also questions about the sustainability of cash flow and the effectiveness of the rightsizing program moving forward.

Main topics on the call

• Stable Operating Margin — Despite a challenging environment, SKF maintained an adjusted operating margin of 13.5%, which was flat year-over-year. CEO Rickard Gustafson noted, "this is certainly a proof point of our strong underlying performance."
• Organic Growth in Specialized Industrial Solutions — The Specialized Industrial Solutions segment achieved an organic growth of nearly 9%, driven by strong price/mix execution. Gustafson highlighted, "we have seen good growth in something that we call automated lubrication...
• Weak Cash Flow — The company reported a negative cash flow of SEK 0.4 billion, attributed to safety stock buildup and restructuring charges. Management acknowledged, "we are taking restructuring charges for the rightsizing program that w...
• Automotive Sector Challenges — The automotive segment faced a negative organic decline of 2%, with management noting continued weakness in light vehicles. Gustafson stated, "market conditions remain challenging," indicating ongoing headwinds.

Read the full AB SKF (publ) transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 AB SKF (publ) earnings call transcripts on record, spanning February 4, 2020 to July 17, 2026. Based on this history, AB SKF (publ) reports quarterly. The most recent call on file is dated July 17, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SKFB

Exchange

OM

Country

SE

Sector

Industrials

Industry

Machinery

Calls on record

30

First call

February 4, 2020

Most recent

July 17, 2026

Reporting cadence

quarterly