SKF AB Class B ( (SKFRY) ) has released its Q2 earnings. Here is a breakdown of the information SKF AB Class B presented to its investors.
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SKF AB Class B, a leading global supplier of bearings, seals, and lubrication systems, primarily operates in the industrial and automotive sectors, with a strong focus on sustainability and innovation. In its latest earnings report for the second quarter of 2025, SKF AB Class B reported net sales of MSEK 23,166, a decrease from the previous year’s MSEK 25,606, largely due to significant currency headwinds and a challenging automotive market. Despite these challenges, the company achieved an adjusted operating margin of 13.3%, driven by effective pricing strategies and cost control measures. The industrial segment showed resilience with a 2.4% organic growth, while the automotive segment faced a 6.2% decline in organic sales. SKF’s strategic initiatives, including the rightsizing of its industrial business and divestment of its aerospace operations, are expected to yield long-term savings and enhance competitiveness. Looking ahead, SKF anticipates stable organic sales in the third quarter, despite ongoing global economic uncertainties.