SKF Year-end report 2023: Strategy execution yielding strong performance
Gothenburg, 31 January 2024 Q4 2023 Net sales: SEK 24,438 million (25,361) Organic growth: -1.9% (9.7%) Adjusted operating profit/margin: SEK 2,929 million, 12.0% (2,542, 10.0%) Full year 2023 Net sales: SEK 103,881 million (96,933) Organic growth: 3.7% (8.1%) Adjusted operating profit/margin: SEK 12,977 million, 12.5% (10,204, 10.5%) Rickard Gustafson, President and CEO: “We have diligently executed on our strategy throughout 2023 to further strengthen us as a company. This strategic transformation has made us more resilient and competitive also in the weaker demand