SKF Profit Beats Forecast, Q2 Sales Flat

SKF reported Q1 adjusted operating profit of 2.95 bn crowns, above consensus 2.74 bn, with margin steady at 13.5%.
Net sales fell to 21.87 bn crowns from 23.97 bn YoY, but like‑for‑like sales rose 2.4% driven by industrial segment growth.
CEO Rickard Gustafson said automotive demand weakened and geopolitical turmoil, especially Middle East conflict, adds uncertainty to outlook.
For Q2, SKF expects like‑for‑like sales to be broadly flat year‑on‑year, with overall demand similar to Q1.