SKF Warns of Lower Sales Impact Due to Market Volatility and Geopolitical Uncertainty

Friday, 26 April 2024, 05:54

SKF expects a mid-single-digit decline in sales for the second quarter amidst ongoing market volatility and geopolitical uncertainty. The company reported sales below expectations in the first quarter, although profits met forecasts. This trend reflects the challenges posed by the current economic environment, with significant impacts on SKF's sales forecast.

https://store.livarava.com/3272e1f5-039a-11ef-a6c0-63e1980711b2.jpg — SKF Warns of Lower Sales Impact Due to Market Volatility and Geopolitical Uncertainty

SKF Warns of Lower Sales

SKF anticipates a mid-single digit fall in sales for the second quarter due to market volatility and geopolitical uncertainty. The company experienced below-forecast sales in the first quarter, yet its profits aligned with expectations.

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