GOTHENBURG, Sweden,
Dec. 8, 2022 /PRNewswire/ -- SKF is
hosting its Capital Markets Day in London today. At the event, investors,
analysts and members of the media will be given an update on the
Group's strategic development and focus areas moving forward.
The event will profile a number of areas of SKF's global
operations, including details of the Group's Industrial business in
the Americas and India, the global
Automotive business as well as a number of emerging businesses,
including magnetic bearings and RecondOil.
At the event, President and CEO Rickard
Gustafson will announce that the Group is conducting a
strategic review of its Aerospace business, considering ongoing
consolidation in the industry.
Rickard Gustafson will also be
re-confirming the Group's long-term financial targets and the
Group's outlook for the fourth quarter: "Looking into the fourth
quarter of 2022 we expect organic sales growth of about 10% and, as
a result, we expect organic growth for the full year to end in the
upper part of our previously guided range of about 4-8%."
Presentation materials from the Capital Markets Day, as well as
a live webcast feed, is available on the Group's Investor Relations
website: https://investors.skf.com/en
Aktiebolaget SKF
CONTACT:
For further information, please contact: PRESS:
Theo Kjellberg, Director, Press
Relations
tel: 46 31 337 6576, mobile: 46 725-776576, e-mail:
theo.kjellberg@skf.com
INVESTOR RELATIONS: Patrik
Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104;
46 705-472 104; patrik.stenberg@skf.com
The following files are available for download:
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https://mb.cision.com/Main/637/3679049/1721497.pdf
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20221208 SKF hosts
Capital Markets Day
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