SKF AB reported a stronger-than-expected adjusted operating margin of 13.9% on July 17. This figure rose from 13.3% during the same period last year. Net profit more than doubled to SEK 1.33 billion. The previous year's net profit stood at SEK 583 million.
Strong performance in industrial segments offset a weakening automotive market. Aerospace and magnetic solutions experienced resilient demand throughout the quarter. The company forecasts a modest improvement in organic sales for the third quarter.
Management maintains a cautious outlook due to geopolitical uncertainty. The planned listing of the Automotive business remains on track for the fourth quarter of 2026. SKF shares declined in pre-market trading as investors weighed flat revenue growth.