OM:SKF BMachinery
Is AB SKF's Flat Sales Outlook and Plant Closure Shifting Its Long-Term Strategy (OM:SKF B)?
AB SKF recently released its third quarter 2025 results, reporting sales of SEK22.48 billion and a net income of SEK1.05 billion, both down compared to the prior year, and also issued new guidance indicating demand and organic sales for the fourth quarter are expected to remain flat, with a SEK650 million currency impact expected to weigh on operating profit.
Amid operational changes, the company simultaneously announced the immediate closure and relocation of its production at the...