The whole group in one screen — net sales, adjusted vs reported profit, the segment & region mix, the aftermarket spine, the Vertevo separation and the EV bridge. Every figure live off the governed dataset, in SEK.
Net sales SEK 91.6 bn — organic −0.4%, reported −7.2% on a −6.6% currency swing; H1 2026 organic is already +1.9%. Adjusted operating profit SEK 11.7 bn at 12.7% (reported 8.5% after SEK 3.9 bn of items affecting comparability). The story is the Vertevo separation (listing Q4 2026) on a fortress balance sheet at 0.8× — with the aftermarket spine (37% of sales) dampening the cycle.
5 of 8 headline metrics improving vs prior · still off target: Adjusted Operating Profit SEK 11.7 bn vs SEK 12.2 bn, Adjusted Operating Margin 12.7% vs 17.0%, Aftermarket & Services Revenue SEK 33.5 bn vs SEK 36.0 bn
Automotive (SKF Vertevo) has been stand-alone inside the group since Jan 2026 (own board, own central costs, restated reporting); the extra production-line transfers moved the listing H1 → Q4 2026, inside the announced cost envelope.
DSO 65d vs 60 target (NWC 30.4% of sales); the separation working-capital build dented H1 2026 operating cash flow. Net debt is only 0.8× — a fortress with headroom to the 3.0× ceiling.
Quote organic for demand and reported for scale; hold tariff-compensating pricing discipline.
FY2025 sales fell 7.2% reported but organic was only −0.4% — currency −6.6% (USD/SEK −16.5%). H1 2026 organic already +1.9%.
Press the industrial-bearings lead: aftermarket depth, technology and regionalization — word superlatives carefully.
Basic agreement 12 May 2026; joint holding company targeted for Oct 2027 (~24% combined share, press estimate; regulatory risk remains).
SKF headlines adjusted; reported is depressed by SEK 3.9 bn of items affecting comparability (rightsizing · separation · impairments, net of divestment gains). Quote organic for demand, reported for scale.
The Automotive business runs stand-alone inside the group since Jan 2026 (own board, own central costs, restated 3-segment reporting). Name announced 26 Feb 2026; Nasdaq Stockholm listing planned Q4 2026, pending a Board listing proposal and an EGM (autumn 2026) to approve the Lex Asea distribution. Not yet listed.
Net debt / adjusted EBITDA 0.8× vs the 3.0× ceiling — huge headroom (net debt/equity ex-pensions 10.2% vs <40% target). Post-spin balance-sheet optionality is a live equity point.
Automatically detected and persona-routed — click any alert to open the 360 that owns it and act.
Consolidated group, FY2025 (SEK) · SEK 91.6 bn net sales · 12.7% adjusted margin
Bearing Solutions · Specialized Industrial Solutions (SIS) · Automotive (SKF Vertevo)
Click into Org Roll-up 360 to drill region → segment → factory
| Region | Clusters | Net sales | Share | Status |
|---|---|---|---|---|
| EMEA | 6 | SEK 37.5 bn | 41.0% | Watch |
| Americas | 4 | SEK 26.6 bn | 29.0% | On track |
| China & Northeast Asia | 3 | SEK 17.4 bn | 19.0% | On track |
| India & Southeast Asia | 2 | SEK 10.1 bn | 11.0% | On track |
The portfolio behind the segments — green = integrated · amber = in progress
SKF is the master brand ≈ the Industrial business; Vertevo is the automotive spin. Brands & Portfolio 360 →
Board-approved targets; current values auto-calculated from live data
| Objective | KPI | Current | Target | Progress | Status |
|---|---|---|---|---|---|
| Deliver the Vertevo separation & Q4 2026 listing (Lex Asea) | Separation readiness | 78% | 100% | 78% | On track |
| Lift Vertevo to a high-single-digit adjusted margin | Vertevo adj margin | 3.8% | 8% | 48% | Behind |
| Hold the fortress through separation (dividend SEK 7.75 intact) | Net debt / adj EBITDA | 0.8x | 1x | 125% | On track |
| Adjusted operating margin to >17% mid-term (>19% long-term) | Adj operating margin | 12.7% | 17% | 75% | Behind |
| Scale SIS as the expansion engine (aero · lubrication · magnetic) | SIS adj margin | 11.5% | 15% | 77% | On track |
| Decarbonize own operations −95% by 2030 (SBTi) | CO2 reduction vs 2019 | 79% | 95% | 83% | On track |
| Produce-where-you-sell (Americas consolidation, China-for-China) | Regional supply share | 78% | 90% | 87% | On track |
| Carry WCM gains into the next factory-productivity wave | Capacity utilization | 84% | 90% | 93% | On track |
| Grow the recurring aftermarket & services spine | Aftermarket & services revenue | 33500MSEK | 36000MSEK | 93% | On track |
| Scale condition monitoring & REP contracts (AI-enabled) | CM & REP revenue | 2930MSEK | 4000MSEK | 73% | On track |
Each dot is a factory / logistics cluster. Colour = operational health (green = healthy · amber = watch · red = at risk). Hover for detail; open Factories & Footprint 360 to act on one.
The four pillars, board targets vs live current — same scorecard as Exhibit 5, owned.
The team's live queue — assign, snooze, resolve.
Action items are managed in Today — your role-filtered decision queue, each with an owner and an action that persists to the audit trail.