AB SKF (publ) (SKFRY.PK), Friday announced second-quarter financial results, reporting a net profit of MSEK 583 compared to MSEK 1,663 in the previous year.
On adjusted basis, net profit totaled MSEK 2,373 compared to MSEK 2,498 last year.
Net sales declined to MSEK 23,166 from MSEK 25,606 in the prior year.
Looking ahead, the Sweden-based company expects organic sales to be relatively unchanged in the third quarter, year-over-year.
Thursday, SKF's stock closed at $23.25, up 0.35 percent on the OTC Markets.
For comments and feedback contact: editorial@rttnews.com
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.