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.
BusinessBall-bearing manufacturer SKF's sales and earnings fell in line with expectations. The company sees a continued tough market in 2026. "I think the world is waiting for a little more stability," says CEO Rickard Gustafson.
BusinessBearings manufacturer SKF has decided to reduce the workforce, mainly in the European operations. We have a program that unfortunately will mean that 1,700 positions will disappear from the Group, says CEO Rickard Gustafson.
BusinessThe bearing manufacturer SKF exceeded profit expectations in the first quarter, despite continued headwinds in sales. What awaits ahead is difficult to determine, according to CEO Rickard Gustafson. The Trump administration's tariff policy has placed "a wet blanket" over the signs of economic upswing he has seen.
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