Bearings maker SKF passes on tariff costs to customers, but demand remains weak
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 25 2025
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Source: Reuters
SKF's Financial Performance: SKF reported a slight decline in adjusted operating profit but exceeded market expectations, attributing some stability to cost-cutting measures and price adjustments amid ongoing weak demand and tariff impacts.
Market Outlook and Trade Concerns: The company anticipates a weakening of like-for-like sales in the second quarter due to global trade uncertainties, with customers adopting a cautious approach following tariff announcements.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
