SKF (SKFB.L,SKF_A.ST,SKFb.ST) reported that its first quarter net profit attributable to shareholders was 1.6 billion Swedish kronor compared to 1.8 billion kronor, prior year. Basic earnings per share was 3.57 kronor compared to 3.95 kronor. Adjusted operating profit declined to 2.95 billion kronor from 3.23 billion kronor. Adjusted earnings per share was 4.25 kronor compared to 4.71 kronor.
First quarter net sales were 21.87 billion Swedish kronor compared to 23.97 billion kronor, last year. Organic sales growth was 2.4%, driven by organic sales growth within the Industrial segments, offset by negative market demand for the Automotive business.
For the second quarter, SKF expects market demand to remain at similar levels as in first quarter as a whole. It expects organic sales to be relatively unchanged in second quarter, year-over-year, against more demanding comparables.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.