SKF's Q2 profit decreased with net sales down 6.6% on organic basis

From Nasdaq: 2024-07-18 01:57:06

SKF reported a decline in profit before taxes for the second quarter, with basic earnings per share also dropping compared to last year. Adjusted operating profit and earnings per share were also down. Net sales decreased to 25.61 billion Swedish kronor, with organic sales down 6.6%. The company expects organic sales to remain relatively unchanged for the third quarter and anticipates a low single-digit organic sales decline for 2024 compared to 2023. Stay updated on earnings news and calendar on rttnews.com.



Read more at Nasdaq: SKF Q2 Profit Declines; Net Sales Down 6.6% On Organic Basis