Resilient Operating Margin
Despite facing a challenging market with a negative organic growth of minus 3% in Q4 and minus 5% for the full year, SKF maintained its operating margin close to the previous year's levels, demonstrating strong margin resilience.
Strong Cash Generation
SKF reported robust cash flow of SEK3.3 billion in Q4 and almost SEK11 billion for the full year, showcasing effective cash management despite a challenging environment.
Increased Dividend Proposal
SKF proposed a slight increase in dividends from SEK750 to SEK775, reflecting confidence in their financial foundation and future growth prospects.
Regionalization Progress
Significant advancements were made in regionalization efforts, with Americas reaching 70% and Asia 68%, up by 3 and 5 percentage points respectively.
Positive Growth in Americas and Southeast Asia
Americas returned to growth with strong net sales, and high activity levels were noted in India, Indonesia, and Vietnam.