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
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.