AB SKF AGM 2024

Rickard Gustafson

President & CEO

Since the launch of the strategic framework, we have operated in an increasingly volatile world

Diligent strategy execution enabled a strong 2023 result

To navigate in this volatile market, execution of our strategic framework has been the key to success

Intelligent and clean growth

High-growth segmentsServices & AftermarketNew technologiesPortfolio managementAccelerate technology development

Digitalize our full value chain

Regionalized and competitive supply chain

Operate more efficiently - closer to customers

Growth areas

Growth enablers

4 key levers have been of particular importanceExecuting our strategy - Priorities

01

02

03

Create competitive

Manage and

Gear up for

& intelligent value

'intelligent & clean'

restructure

chains

our portfolio

leadership

01 Create competitive & intelligent value chains

02 Manage and restructure our portfolio

Continue portfolio shift

Bring new offerings to the market

Operational Efficiency

and Bearing

Robustness for Rolling

Stock Drives

SKF precision

bearings used to

produce

lithium batteries

Housing select, a

configurator for

Distributors

03 Gear up for 'intelligent & clean' leadership

Net Zero

Technology

Looking ahead..

  • 1. The long-term targets shall be achieved over a business cycle

  • 2. Adjusted for items affecting comparability

  • 3. Excluding pension liabilities

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Disclaimer

AB SKF published this content on 26 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2024 16:11:25 UTC.