Bearings maker SKF profit lags, sticks with sales outlook

Bearings maker SKF profit lags, sticks with sales outlook

SKF adjusted EBIT SEK 2.47 bln vs mean forecast 2.73 bln War in Ukraine, Chinese lockdowns squeeze margins CEO says market conditions normalised in June Stands by 2022 outlook for 4-8% like-for-like sales growth STOCKHOLM, July 20 (Reuters) – Sweden’s SKF (SKFb.ST), the world’s biggest maker of industrial bearings, reported quarterly earnings below market expectations on Wednesday but retained…

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