AB SKF (publ) (OTCPK:SKFRY) Q4 2024 Earnings Conference Call January 31, 2024 2:00 AM ET
Company Participants
Sophie Arnius – IR
Rickard Gustafson – President and CEO
Carina van den Berg – Acting CFO
Conference Call Participants
Andre Kukhnin – UBS
Daniela Costa – Goldman Sachs
Andreas Koski – BNP Paribas
Ben Heelan – Bank of America
Tim Lee – Barclays
James Moore – Redburn
Johan Sjöberg – Kepler Cheuvreux
Anders Roslund – Pareto
Sophie Arnius
Welcome to SKF’s Earnings Call for the Fourth Quarter of 2024. We ended the year with solid margins, thanks to strong execution in a challenging market. My name is Sophie Arnius, and I’m heading up Investor Relations.
We will have a slightly different team than otherwise. Our CFO, Niclas Rosenlew, left by year-end. So, I’m very happy to have our CFO — acting CFO, Carina van den Berg with us today. And we will also have CEO, Rickard Gustafson with us today.
After your presentations, there will be an opportunity to ask questions. [Operator Instructions]
So, with that, I’m happy to hand over to you, Rickard.
Rickard Gustafson
Thank you so much, Sophie and good morning everyone, and welcome to this earnings call. Well, with no further ado, let’s just dig into it. And as you heard Sophie mentioned in her opening remarks, we are continuing to managing a rather volatile environment.
We are now reporting for the sixth consecutive quarter negative organic growth. This quarter, we’re talking about some minus 3%, but we maintain our margin resilience. On a rolling 12-month basis, the margin is holding up pretty well also compared to 2023, as you can see on this chart.
And the drivers behind this are the same that we have talked about throughout the year. We are executing on the strategic intent that
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