The Annual General Meeting of Aktiebolaget SKF was held on Tuesday, 26 March 2024.
The income statements and the balance sheets were adopted, together with the Board’s proposal for distribution of dividend. A dividend of SEK 7.50 per share was approved. To be entitled to receive the dividend, shareholders must be recorded in the share register on Thursday, 28 March 2024.
The Board members and the CEO were discharged from liability for their administration of the company for the financial year 2023.
In the second quarter we saw organic revenue growth above 5%, driven by a general strong demand in most regions, especially within targeted high-growth segments, a somewhat higher automotive sales than anticipated and continued price realization.
Growth in Industrial was 6%, with Automotive delivering growth of 3%. Sales to targeted high-growth segments including railway, automation, agriculture, food and beverage continue to develop at a fast pace, with double-digit organic growth.
Net sales were SEK 23,655 million (20,735), on relatively flat sales volumes.
