SKF welcomes institutional investors, analysts and financial media to the Group’s Capital Markets Day on 11 November. During the event, participants will have the opportunity to gain deeper insights into the strategic direction of both the Industrial and the Automotive businesses post the planned separation of Automotive from the SKF Group, and how value is unlocked by being two standalone businesses. Speakers on the Capital Markets Day will include President and CEO Rickard Gustafson as well as other members of Group Management. They will provide insights on the long-term value creation that the Automotive separation facilitates, including: For the Industrial business: a clearer focus on distinct opportunities in targeted markets leveraging megatrends to enhance customer value and accelerate profitable growth. For the Automotive business: reviewing market conditions and drivers and exemplifying how independent decision-making enables the speedy actions needed to adapt to a transforming, global automotive market, while also managing cost. In addition, financial targets for the SKF Group post separation of the Automotive, i.e. the Industrial business, will be presented at the event. For the Automotive business, indicative financial objectives will be shared. “We look forward to meet investors, analysts and media in November and present the progress in building two standalone businesses and how this will create even stronger Industrial and Automotive businesses”, says Rickard Gustafson, President and CEO. Participants are welcome to attend in person at At Six, Brunkebergstorg 6 in Stockholm, Sweden.The Capital Markets Day, which will be held in English, will also be available online.The presentations will start at 13:00 (CET) and end around 17, followed by a mingle for those attending in person.
