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GE Jun’s “Grain Rain Speech” Ignites Chengdu: A Bold Vision for China’s Private Sector on the Global Stage

HONG KONG SAR – Media OutReach Newswire – 25 April 2025 – In an atmosphere charged anticipation and entrepreneurial urgency, GE Jun, Chairman and CEO of TOJOY Smart Enterprise Services, delivered a landmark speech at the Chengdu Financial City Performing Center as a guide to reshape the trajectory of China’s private sector.

Over 2,000 business leaders, policymakers, and industry experts gathered to hear GE Jun’s Grain Rain 2025 address—a speech considered by attendees as “a wake-up call” and “a compass for business growth in turbulent times.”
Breaking the Walls: GE Jun Calls for Enterprises to find new roads
In a bold and candid tone, GE Jun didn’t mince words: “Many traditional enterprises are being phased out, not from failure, but from working harder and getting less.” He described a vicious cycle plaguing businesses across China—a trap of internal competition and shrinking returns.
Drawing on his frontline insights from Europe, the Middle East, Southeast Asia, China and dialogues with global economists, GE Jun unveiled a five-point survival playbook for private enterprises:
A Message of Belief in a Time of Uncertainty
The theme, “With Belief, The Road Opens Up,” wasn’t just poetic—it was a call to action. In a time when headlines echo uncertainty and downturn, GE Jun offered what few dare to speak of: hope rooted in strategy.
“Belief is not blind optimism,” he said, “It’s seeing the light in the distance and walking toward it when others are frozen in fear.”
From Silicon Valley to Sichuan: Global Wisdom Meets Chinese Urgency
With executive stints at Intel, Apple, and Nvidia, GE Jun brings an uncommon global lens to Chinese entrepreneurship. Since joining TOJOY as CEO in 2019, his mission has been clear: build bridges between China’s business circles and the world stage.
Today, with over 56 million private enterprises driving China’s economy, the stakes have never been higher. “Instead of working harder,” he said, “we need smarter directions, global visions, and shared platforms.”
Grain Rain Speech: More Than a Stage, It’s a Movement
Now in its second year, the Grain Rain Speech has evolved into an intellectual IP and action platform for China’s business elite. Last year’s theme, “Leap Ahead Again,” sparked debates on intergenerational business succession. This year, GE Jun shifted the focus to the importance of transformation within China’s business sector.
Entrepreneurs from across the nation flooded the event with questions, ideas, and commitments to change. One CEO from Jiangsu summed it up: “It’s no longer about where to cut costs. It’s about who dares to grow again.”
GE Jun concluded with a powerful vision:
“Let the Grain Rain Speech stand as the bridge—where China’s private sector steps confidently onto the world stage. Not just to survive, but to co-create the next era of global enterprise.”
Editor’s Note: Why It Matters
This isn’t just another CEO keynote. It’s a mirror held up to China’s economic reality—and a map for how to escape the fog. As China’s private sector gears up for a new cycle of transformation, the Grain Rain Speech might just become its rallying cry.
Hashtag: #TOJOY #GEJun
The issuer is solely responsible for the content of this announcement.
NX Philippines Commemorates World Water Day with Cleanup Effort
– Community Working Together to Conserve Water Resources –
TOKYO, April 25, 2025 /PRNewswire/ — Nippon Express (Philippines) Corporation (hereafter “NX Philippines”), a group company of NIPPON EXPRESS HOLDINGS, INC., conducted a cleanup activity in Taguig City near Manila on Saturday, March 22 to commemorate “World Water Day.”
Logo: https://drive.google.com/file/d/1dqm0cxpYamnvMUra1AGXMuGlX932Z353/view?usp=drive_link
Image1: https://drive.google.com/file/d/1Uik5uKIBM38t4459N0J2m3UguKOfLmzT/view?usp=drive_link
Image2: https://drive.google.com/file/d/1XM0y0BGhu81iWEiK3uWGjsUaPsgpZZ7x/view?usp=drive_link
Image3: https://drive.google.com/file/d/1zWAnPEEmVmb7bX688p_IZ8Ee7o2JYnma/view?usp=drive_link
The United Nations has designated March 22 of each year as “World Water Day” to promote water resource development and conservation as well as educational activities across the globe. NX Philippines is actively involved in environmental protection activities to achieve sustainable societies and, in conjunction with this observance day, it conducted a cleanup effort along the Pinagsama Creek flowing through Taguig City.
This effort was carried out in the Philippines this year under the theme “Glacier Preservation: Bayanihan sa Katubigan, Krisis sa Klima Labanan” (Glacier Preservation: Helping Each Other to Secure Water and Fighting the Climate Crisis) with the aim of raising awareness about climate change. Thirty-three employees from NX Philippines joined in the endeavor — conducted in cooperation with the Department of Environment and Natural Resources’ Environmental Management Bureau (EMB-DENR), the Department of Health (DOH), the Metropolitan Manila Development Authority (MMDA), and local government units (LGUs) — and worked together with local volunteers to remove debris and pick up trash, using this valuable opportunity to reaffirm the importance of managing and conserving local water resources through cleanup efforts.
The NX Group will continue fulfilling its responsibility for social development by connecting people, companies, and communities, and will actively work to preserve the global environment to realize sustainable societies.
About the NX Group: https://drive.google.com/file/d/1g1Rtb9Mie5yhenpOr8A007kKolh1gBJ6/view?usp=drive_link
NX Group official website: https://www.nipponexpress.com/
NX Group’s official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/
Neusoft Showcases at Japan IT Week Spring 2025
TOKYO, April 25, 2025 /PRNewswire/ — The Japan IT Week Spring 2025 opened this week at the Tokyo Big Sight exhibition center. Neusoft Corporation (SSE: 600718, Neusoft), an industry-leading information technology, products and solutions company for the global market, showcased its full-stack business offerings tailored for Japan market. The company demonstrated its strong expertise and key strengths in accelerating customers’ product innovation and digital transformation, as well as its commitment to collaborative innovation with Japanese customers in the era of intelligence.
Japan IT Week is Japan’s leading exhibition for system development, operation and maintenance. The exhibition encompasses cutting-edge domains such as software & application development, IoT, and Edge Computing, etc. Leveraging over three decades of experience in Japan market, combined with its outstanding technological expertise and localized service capabilities, Neusoft drew the attention of many attendees at the exhibition. The company showcased an impressive array of leading-edge products, solutions, and services, including intelligent device solutions, enterprise digital transformation solutions, in-vehicle integrated cockpit system development, cloud application development, and generative AI, etc.
In the field of digital transformation, Neusoft combines successful practices across multiple industries with integration capabilities in advanced technologies such as public cloud, BI, and AI-IoT, to deliver efficient and reliable digital transformation support that is both innovative and practical for customers across various sectors. Through optimized architecture design solutions, Neusoft empowers customers to achieve comprehensive advancement from technology application to business value creation. During the exhibition, Neusoft also hosted a seminar titled “The Evolution of Enterprise Management and Operational Support – Leveraging Digital Transformation for Effective Data Utilization and Application Optimization,” offering insights on how businesses can navigate through challenges and achieve operational excellence amid the digital transformation wave.
In the automotive electronics sector, Neusoft, as a software innovation partner for global automakers and industry chain customers, focuses on software technology and offers software platforms, software components & solutions, and software engineering services, etc. to Japan market, helping clients tackle new challenges in the era of software-defined vehicles. With over three decades of experience in the field, Neusoft automotive products have been applied to 1800+ vehicle models, across 100+ countries and regions. Neusoft’s newly launched product portfolios of Neusoft A3 Cockpit-Driving-Parking Platform, Neusoft NeuMind Empowerment System for automotive industry, and OneCoreGo® Global In-Vehicle Intelligent Mobility Solutions 6.0. are designed to further accelerate the realization of diverse scenarios in intelligent mobility ecosystem for Japan and global customers.
Japan has always been one of the important markets for Neusoft, and through long-term partnerships, the company has fostered deep understanding and trust with numerous Japanese customers. In the digital and intelligent era, Neusoft will continue to collaborate closely with Japanese customers to embrace new opportunities, and jointly create a sustainable future. In the field of international software services, Neusoft focuses on customer value, integrates mature expertise and software engineering practices, to accelerate customers’ product innovation, empower their digital transformation, helping them achieve business growth by open innovation.
For more information about Neusoft, please visit www.neusoft.com.
EC-Council Commits $100 Million to Drive the Future of Cybersecurity Innovation
SINGAPORE, April 25, 2025 /PRNewswire/ — EC-Council, a global leader in cybersecurity education and training, and the creators of world-renowned Certified Ethical Hacker (CEH) credential, is taking a transformative step to reshape the future of digital security. EC-Council has announced the launch of a $100 million investment to drive the development of next-gen technologies aimed to accelerate cybersecurity breakthroughs and strengthen global digital defense.
The investment coupled with EC-Council’s platform support, will boost the next generation of cybersecurity innovation which will redefine the cybersecurity paradigm worldwide. Strategic deployment of the investment will prioritize companies with high growth potential, and which demonstrate exceptional technical innovation, problem-solving capabilities, and tangible impact in strengthening Cybersecurity Defense.
Companies led by EC-Council certified cybersecurity professionals or those that employ EC-Council certified cybersecurity professionals in key technical and leadership roles will be given priority, aligning with EC-Council’s commitment to expertise-driven cybersecurity innovation.
“Our industry stands at a pivotal moment, requiring visionary leadership to counteract an ever-evolving cyber threat landscape,” said Jay Bavisi, Group President, EC-Council. “This initiative is designed to provide not just financial backing but also mentorship, strategic guidance, and global exposure to help these companies create effective security solutions. As a globally trusted cybersecurity brand, we are investing in the future by equipping those who are committed to driving impactful change.”
This initiative builds on EC-Council’s two-decade legacy of shaping the global cybersecurity workforce through education, training, and innovation. Its industry-relevant programs; such as Certified Ethical Hacker (CEH) , Certified Network Defender (CND), Certified Chief Information Security Officer (CCISO), and Computer Hacking Forensic Investigator (CHFI) have become gold standards in the field. Supporting this commitment to continuous learning is EC-Council Learning, the World’s Largest Online Cybersecurity Course Library, which offers professionals and institutions access to thousands of curated resources that evolve with the threat landscape.
Further product innovations include CEH powered with AI capabilities, CPENT AI an advanced offensive security program featuring real-time AI-driven test environments and The Hackerverse CTF, EC-Council’s immersive cyber range platform that simulates real-world attack scenarios to prepare professionals for live threats.
The goal of EC-Council’s $100 million investment is to ensure that companies in the cybersecurity space with strong technical capabilities and market potential can access capital and resources to accelerate their growth. Companies from any region are encouraged to apply, as EC-Council is committed to creating a global ecosystem of cybersecurity innovation.
With cyberattacks becoming increasingly sophisticated, businesses, governments, and individuals face growing risks. EC-Council’s investment initiative is designed to ensure the companies with best-in-class products, service offerings and capabilities have the resources and platform to reach the users and enterprises who could benefit the most from their solutions.
Bavisi further highlighted the importance of empowering emerging companies, stating: “Innovation is not limited to large global corporations or major tech hubs. With the power of today’s technology, infrastructure and AI, some of the most disruptive cybersecurity solutions are emerging in recent times by highly specialized companies, with the potential to transform the sector and lead to new business models. Our goal is to ensure these companies have the support they need to thrive, regardless of their size or location.”
For more information on how to apply, visit EC-Council’s official website:
https://www.eccouncil.org/supporting-cybersecurity-initiatives/
TGT Technology Debuts at the Japan IT WEEK Spring Exhibition, Creating a New Future of Intelligent Connectivity
TOKYO, April 25, 2025 /PRNewswire/ — TGT Technology, a world-leading mobile Internet of Thing (AIoT) platforms has made its debut at the 35th Japan IT WEEK Spring conference under the theme “Intelligent Innovation, Industrial Empowerment”, presenting its cutting-edge cloud-based IoT communication platform alongside a suite of innovative products and solutions designed to enhance global connectivity with greater efficiency and intelligence.
TGT Technology’s cutting-edge cloud communication IoT platforms, products, and solutions are highly regarded by customers
TGT Technology is a globalization Technology company, our commitment is to develop the world ‘s most advanced mobile IoT (AIoT) platform, delivering “high-performance, high-efficiency, and cost-effective “in intelligence connectivity and operational management services. The company serves customers in over 50 countries and regions worldwide, including Europe, the United States, and Southeast Asia, and is experiencing rapid global growth. Since entering the Japanese market, Tugo Technology has gained recognition and trust from customers with its innovative cloud communication products and services.
At this year’s Japan IT WEEK Spring conference, TGT Technology became a focal point of industry attention. TGT’s AIoT platform integrates more than 300 telecom operator’s networks worldwide, ensuring seamless coverage across more than 200 countries and regions, empowers and supports the global expansion of Japanese smart enterprises. The company’s proprietary vSIM solution—featuring in vSIM MiFi, vSIM CPE, vSIM Dongle, vSIM Vehicle, vSIM Modules, and vSIM Industrial Gateways. It combines premium smart hardware with value-added data services and has been widely acclaimed. In addition, TGT’s comprehensive eSIM solution eliminates the need for physical SIM cards, enabling instant network switching, multi-device support, flexible data plans, and global coverage across 200+ destinations— which is making it the international business travelers to have a cost effective and globalize seamless connection experiences. It is leading the future of travel eSIM.
TGT Technology’s vSIM solution, powered by proprietary core technologies, delivers a seamless and intelligent global connectivity experience for customers
The Japanese market is a really important part of TGT Technology’s global layout and has specific strategic significance. TGT highly values the needs and expectations of its Japanese customers. In the future, TGT will continue to intensify its efforts in the Japanese market, deepen cooperation with local business partners, and continuously deliver more innovative, smarter, and cost-effective cloud communication products and data services to its clients.
For more information, please visit: https://en.tugegroup.com;
For business inquires, please email: sales@51tgt.com
For media inquires, please email: zheng.cui@51tgt.com
Trip.com’s 2025 Trip.Best Global Rankings Showcase Travellers’ Appreciation for Singapore’s Luxury Hotels, Restaurants and Nightlife Attractions
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- Marina Bay Sands tops the ranks as the #1 Instagrammable Hotel and #1 Gourmet Hotel globally, while Raffles Hotel stands out as the #1 Luxury Hotel in Asia
- Odette, Spago Dining Room by Wolfgang Puck and Song Fa Ba Kut Teh secure top spots as the #1 Fine Dining Restaurant, #1 Views and Experiences and the #1 Light Bites Restaurant in Asia respectively
- Gardens By The Bay, Singapore Flyer and Marina Bay Sands SkyPark rank among the top 10 Nightlife Attractions in Asia
SINGAPORE, April 25, 2025 /PRNewswire/ — Trip.com unveiled its 2025 Trip.Best Global Rankings, the second edition of its AI-powered travel rankings designed to help travellers select the best experiences each destination has to offer. The latest rankings, featuring the top 100 stays, attractions, and restaurants globally and in Asia, highlight travellers’ appreciation for Singapore’s luxury hotels, restaurants and attractions, with local establishments in these categories securing top spots on the Asia and Global 2025 Trip.Best lists.
“Singapore is one of the world’s top destinations for travel and a premier tourism hub. The city’s clean aesthetics, safe and efficient transportation system, and wide variety of attractions and lifestyle options make it an attractive destination for all kinds of travellers. With Singapore’s luxury hotels, restaurants and attractions taking top spots in Asia and around the world on the 2025 Trip.Best Global Rankings, this showcases the city-state’s ability to deliver exceptional experiences to all travellers, solidifying its position as a world-class destination for travel,” said Edmund Ong, General Manager, Trip.com Singapore.
Singapore’s Luxury Hotels Impress on the Global Stage
Curated using a mix of AI-driven data analysis, user reviews and human expertise, the 2025 Trip.Best Global Rankings feature travel-related establishments that exemplify service quality – delivering consistent service standards, popularity – showing positive search demand and booking volume, reputation – garnering positive user reviews and special features – with unique differentiation and standout qualities on the list. This year, the rankings listed a number of luxury hotels in Singapore among the best in Asia and the world.
The iconic Marina Bay Sands, one of the most recognisable and photographed locations in Singapore, tops the list as the #1 Instagrammable Hotel. The Marina Bay Sands is also celebrated for its diverse culinary offerings – from world-class celebrity chef restaurants to enticing local cuisine – earning it the title of #1 Gourmet Hotel globally. Raffles Hotel, a colonial-era luxury hotel known for its heritage and architectural splendour, took the title of #1 Luxury Hotel in Asia, coming in second behind only the Hotel de Crillon in France in the global rankings.
Other luxury hotels that made the top 10 list include:
- Swissotel The Stamford Singapore, ranked the #5 Gourmet Hotel in Asia and #6 globally
- Hilton Singapore Orchard, ranked the #8 Gourmet Hotel in Asia
- The Ritz-Carlton, Millenia Singapore, ranked the #9 Gourmet Hotel in Asia
- The Fullerton Bay Hotel Singapore, ranked the #9 Instagrammable Hotel in Asia
Fine Dining Restaurants, Iconic Local Eats Capture the Hearts of Travellers
As a foodie haven, Singapore has captured the hearts of travellers with a delectable mix of fine dining restaurants and iconic local food establishments. Notably, the restaurants located within top-ranked luxury hotels in Singapore have leveraged their exceptional locations to offer impeccable views while delivering outstanding epicurean experiences.
Spago Dining Room by Wolfgang Puck, located on level 57 of Marina Bay Sands, tops the rankings as the #1 Views and Experiences Restaurant in Asia, also ranked #10 in the world. Offering bold, cosmopolitan flavours that pay tribute to California’s dining scene, the restaurant serves up award-winning dishes while offering 360-degree views of the Marina Bay waterfront. JAAN By Kirk Westaway, located on the 70th floor of Swissotel The Stamford Singapore also stood out as the #5 Views and Experiences Restaurant in Asia, serving up modern British cuisine against the beautiful Singapore skyline.
Aside from restaurants with a view, Singapore is also home to the top-ranked fine dining restaurants and iconic local eats in Asia. Odette, the three Michelin-starred restaurant by Chef Julien Royer located at the National Gallery, claims the title of #1 Fine Dining Restaurant in Asia, while Song Fa Bak Kut Teh, a favourite among travellers, takes the #1 spot in Asia in the Light Bites restaurant category. Paying homage to Singapore’s favourite local dishes, chicken rice and chilli crab, this year’s rankings also highlight Jumbo Seafood (Riverside Point) – famous for its chilli crab, and Chatterbox – known for its Hainanese chicken rice, as the #2 and #5 Local Restaurants in Asia respectively.
City with Stunning Night Views, Family-Friendly Attractions
Renowned for its constant reinvention, Singapore captivates travellers with local attractions that feature breathtaking night views. Gardens By The Bay, a perennial favourite with locals and travellers alike, is the #1 Nightlife Attraction in Asia, with Singapore Flyer and Marina Bay Sands SkyPark ranking #4 and #10 on the list respectively.
As a city that also offers enchanting experiences for travelling families, family-friendly attractions like the Universal Studios Singapore and Night Safari also received recognition as the #5 and #10 Family-Friendly Attractions in Asia respectively.
Planning Your Next Trip with the 2025 Trip.Best Global Rankings
Designed to guide travellers in discovering the finest experiences each destination has to offer, the 2025 Trip.Best Global Rankings serve as the ultimate companion for travel inspiration and planning. To access the Trip.Best recommendations as you start planning for your next trip, follow these four simple steps:
- Visit the Trip.com website
- Go to “Destinations” in the menu bar
- Pick your travel destination
- Select “Top Picks – Trip.Best” to view the full list of recommendations
Using the Trip.com app? Simply tap on the “Top Picks – Trip.Best” icon on the main page.
To cater to the diverse preferences of travellers worldwide, Trip.com has introduced the Europe 100 and Americas 100 lists to its Trip.Best Global Rankings this year. Additionally, travellers can explore new seasonal travel recommendations under two new Attractions categories, including Water Fun – highlighting the most loved water parks, beaches and islands, and Fall Views – showcasing the top spots for autumn foliage vistas.
For the full 2025 Trip.Best Global Rankings, visit the Trip.com website.
About Trip.com
Trip.com is an international one-stop travel service provider, available in 24 languages across 39 countries and regions in 35 local currencies. Trip.com has an extensive hotel and flight network consisting of more than 1.7 million hotels and flights from over 600 airlines covering 3,400 airports in 220 countries and regions around the globe. Trip.com‘s world-class 24/7 multilingual customer service, as well as additional centres in Edinburgh, Tokyo and Seoul, help to ‘create the best travel experience’ for its millions of customers worldwide. To book your next trip, visit Trip.com.
SKF Q1 2025: Strong margin in turbulent markets
GOTHENBURG, Sweden, April 25, 2025 /PRNewswire/ —
Q1 2025
- Net sales: MSEK 23,966 (24,699)
- Organic growth: −3.5% (−7.0%), driven by lower market demand across regions and industries, except for aerospace showing continuous growth.
- Adjusted operating profit: MSEK 3,233 (3,303). Continued strong price/mix contribution, driven by pricing actions and active portfolio management, as well as good cost control which largely offset the lower volumes.
- Adjusted operating margin: 13.5% (13.4%) with Industrial at 16.9% (16.4%) and Automotive at 5.2% (6.0%).
- Net cash flow from operating activities: MSEK 977 (1,781).
Financial overview, MSEK unless otherwise stated |
Q1 2025 |
Q1 2024 |
Net sales |
23,966 |
24,699 |
Organic growth, % |
−3.5 |
−7.0 |
Adjusted operating profit |
3,233 |
3,303 |
Adjusted operating margin, % |
13.5 |
13.4 |
Operating profit |
2,885 |
2,993 |
Operating margin, % |
12.0 |
12.1 |
Adjusted net profit |
2,296 |
2,312 |
Net profit |
1,948 |
2,002 |
Net cash flow from operating activities |
977 |
1,781 |
Basic earnings per share |
3.95 |
4.15 |
Adjusted earnings per share |
4.71 |
4.83 |
Rickard Gustafson, President and CEO:
“In a volatile environment, I’m pleased that we maintained our resilient performance and improved our adjusted operating margin year-over-year. We continue to execute our strategy including the creation of two independent and fit for purpose businesses and thereby creating strong foundations for the future.
Margin resilience despite continued weak demand
In the first quarter we saw continued weak demand resulting in an organic sales decline of −3.5% compared to last year. The lower volumes were partly offset by a solid price/mix. Demand in Europe remained weak. However, we view the announced state-backed investments aimed at increasing European competitiveness as positive long term. China and Northeast Asia posted positive organic growth for the first time in seven quarters, primarily driven by favorable comparable figures. Both Americas and India and Southeast Asia shifted from organic growth in Q4 to a decline in Q1. This was mainly due to the positive timing effects at the end of 2024 as previously communicated and a weaker automotive demand.
The adjusted operating margin was strong at 13.5%, a slight year-over-year improvement despite a weak market environment. The margin resilience was supported by an effective execution of pricing, portfolio management, and cost reduction initiatives. However, these initiatives did not fully offset the negative impact from lower volumes. Currency effects had a positive impact on the margin, mainly driven by a stronger USD year-over-year.
The adjusted operating margin for our Industrial business increased to 16.9%, driven by good portfolio and cost management execution. The Automotive business performed relatively well, considering the challenging market conditions, with an adjusted operating margin of 5.2%. We see potential in further improving the margin, but given the current turbulent environment, the timeline of achieving the targeted 8% adjusted operating margin level will extend beyond 2025.
Cash flow was not satisfactory at close to BSEK 1, mainly driven by increased working capital, including high accounts receivables generated by a strong quarter end, and negative currency effects.
Creating two fit for purpose businesses
The separation of the Automotive business continues at high pace, where the operating model and organizational design now have been concluded. Automotive’s global manufacturing footprint has also been finalized with 16 factories. The overall separation process progresses according to plan, but the complexity of the separation, including the IT structure, may stretch the overall time plan.
The initiated organizational review is progressing well, rightsizing both organizations to create strong foundations for the future and to withstand turbulent markets. More focused businesses with less complexity allow for leaner organizational structures resulting in sizeable reductions in staff positions, not least within Europe. The number of positions affected, savings and restructuring charge will be presented in conjunction with the Q2 2025 report.
Outlook
Lately, the business environment has experienced significant volatility driven by increased geopolitical uncertainty including trade and tariff turmoil. We are preparing the business for different scenarios and remain confident that our strategy, in combination with our decentralized organization and effective cost management, will provide us with the agility and flexibility to navigate through these turbulent times. So far, we have largely compensated for increased tariff costs through price adjustments and we expect to continue to do so also in the second quarter, given current tariff levels. However, today’s market uncertainty may influence demand and the prerequisites for certain products and markets.
We expect continued volatility and, even if we have seen signs of markets bottoming out, we plan for another quarter with negative volumes and expect organic sales to weaken somewhat in Q2, year-over-year.”
Outlook and guidance
Outlook
- Q2 2025: We expect continued volatility and, even if we have seen signs of markets bottoming out, we plan for another quarter with negative volumes and expect organic sales to weaken somewhat in Q2, year-over-year.
Guidance Q2 2025
- Currency impact on the operating profit is expected to be around MSEK 400 negative compared to the second quarter 2024, based on exchange rates per 31 March 2025.
Guidance FY 2025
- Tax level excluding effects related to divested businesses: around 26%.
- Additions to property, plant and equipment: around BSEK 4.5 excluding separation of the Automotive business.
A webcast will be held on 25 April 2025 at 09:00 (CEST):
Sweden: +46 (0)8 5051 0031
UK/International: +44 (0)207 107 0613
https://investors.skf.com
Aktiebolaget SKF
(publ)
For further information, please contact:
Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.com
Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908072; sophie.arnius@skf.com
The financial information in this press release contains inside information that AB SKF is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above on 25 April 2025 at 07.30 CEST.
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