SKF FY 2024's net sales declines 5% year over year to $9 billion; adjusted operating margin remains strong at 12.3%

Briefing

SKF expects further decline in organic sales in the first quarter of 2025 amid geopolitical uncertainty

SKF Group has reported a 5% year-over-year decline in net sales to 98.7 billion Swedish kronor (about $9 billion) in the financial year ended Dec. 31, 2024.

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