SKF AB Class B Reports Resilient Q1 2025 Performance

SKF AB Class B ( (SKFRY) ) has released its Q1 earnings. Here is a breakdown of the information SKF AB Class B presented to its investors.

SKF AB Class B is a leading technology and engineering company specializing in the production of bearings, seals, and lubrication systems, primarily serving the industrial and automotive sectors worldwide. The company is known for its commitment to sustainability and innovation in reducing energy consumption.

In its latest earnings report, SKF AB Class B reported a slight decline in net sales to MSEK 23,966 for Q1 2025, compared to MSEK 24,699 in Q1 2024. Despite the challenging market conditions, the company managed to improve its adjusted operating margin to 13.5%, supported by effective pricing strategies and cost management.

Key financial highlights include an adjusted operating profit of MSEK 3,233, a net profit of MSEK 1,948, and a basic earnings per share of SEK 3.95. The company faced a decline in organic sales by 3.5%, attributed to weak demand across most regions and industries, except for aerospace which showed continuous growth. The separation of the Automotive business is progressing, with a focus on creating two independent entities.

Looking ahead, SKF anticipates continued market volatility and expects organic sales to weaken slightly in Q2 2025. The company remains confident in its strategic initiatives and cost management efforts to navigate through the uncertain economic environment.