SKF reported first-quarter net profit of 1.95 billion Swedish kronor compared to 2.00 billion kronor, prior year. Basic earnings per share was 3.95 kronor compared to 4.15 kronor. Adjusted net profit declined to 2.30 billion Swedish kronor from 2.31 billion kronor. Adjusted earnings per share was 4.71 kronor compared to 4.83 kronor.
First-quarter net sales were 23.97 billion Swedish kronor compared to 24.70 billion kronor, last year. Organic sales were down 3.5% compared to last year.
The company expects another quarter with negative volumes and projects organic sales to weaken somewhat in second quarter, year-over-year.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.