SKF interim report Q3 2024: Solid margin and strong cash flow in weak markets
Gothenburg, 30 October 2024 Q3 2024Net sales: SEK 23,692 million (25,771)Organic growth: −4.4% (−0.6%), driven by lower market demand across most regions and industries.Adjusted operating profit: SEK 2,821 million (2,956). Continued strong price/mix contribution, driven by pricing actions and active portfolio management, as well as good cost control which largely offset the lower volumes and currency headwind.Adjusted operating margin: 11.9% (11.5%)Net cash flow from operations: SEK 3,576 million (3,435) Rickard Gustafson, President and CEO: “We are pleased to report a