SKF Q1 Net Profit Declines; Organic Sales Down 3.5%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2025
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Source: NASDAQ.COM
First Quarter Financial Results: SKF reported a first-quarter net profit of 1.95 billion Swedish kronor, down from 2.00 billion kronor the previous year, with adjusted net profit slightly declining as well.
Sales and Future Projections: Net sales decreased to 23.97 billion Swedish kronor, reflecting a 3.5% drop in organic sales, and the company anticipates continued negative volume trends and weaker organic sales in the upcoming quarter.
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.
