SKF’s Third-Quarter Adjusted Operating Profit
Photo: Thomas Johansson/TT

SKF’s Third-Quarter Adjusted Operating Profit Rises to SEK 2.84 Billion

Gothenburg-based ball bearing manufacturer SKF reported adjusted operating profit of SEK 2.84 billion in the third quarter of this year, compared with SEK 2.55 billion in the same quarter last year.

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Net sales rose to SEK 17.47 billion, up from SEK 16.56 billion.

“We delivered organic growth of 4.3 percent and improved the adjusted operating margin by 0.9 percentage points to 16.3 percent compared with the previous year, supported by strong commercial execution,” SKF CEO Rickard Gustafson says in a comment in the report.

“We are also bringing forward our target of annual savings of SEK 2 billion by six months, to mid-2027,” he adds.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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