SKF initiates a separation of its Automotive business [Yahoo! Finance]
SKF AB S/ADR (SKFRY)
NASDAQ:AMEX Investor Relations:
skf.com/group/investors/investor-relations
Company Research
Source: Yahoo! Finance
Given different business dynamics, end markets and success drivers for the Industrial and Automotive business segments, a separation will facilitate a clearer focus on distinct opportunities to enhance customer value, accelerate growth as well as improve efficiency and competitiveness. "Both businesses are global leaders in their respective fields and will through a clearer focus increase customer value and leverage on their strategies as standalone companies. The Board of Directors and Management therefore believe that long-term value can be created by splitting the Group into two separate companies, benefiting customers, employees and shareholders," says Hans Stråberg, Chair of SKF Board of Directors. A separation would increase Automotive's ability to adapt faster to transforming global automotive markets, by allowing it to make independent business decisions and investments. A more tailored, leaner Automotive business model will further strengthen its competitive advantage an
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- SKF confirms dates for CFO transition [Yahoo! Finance]Yahoo! Finance
- SKF confirms dates for CFO transitionPR Newswire
- SKF confirms dates for CFO transitionPR Newswire
- SKF confirms dates for CFO transitionPR Newswire
- SKF interim report Q3 2024: Solid margin and strong cash flow in weak marketsPR Newswire
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Earnings
- 10/30/24 - Beat
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