SKF Q1 Profit Down; Gives Cautious Q2 Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2025
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Source: NASDAQ.COM
First Quarter Financial Performance: AB SKF reported a net profit of SEK 1.95 billion in Q1, down from SEK 2.0 billion the previous year, with a decline in net sales to SEK 23.97 billion and operating profit also decreasing.
Cautious Outlook for Q2: The company anticipates continued market volatility, projecting negative volume growth and a SEK 400 million adverse currency impact on operating profit compared to Q2 2024.
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.
