Swedish bearing manufacturer SKF (STO: SKFA) Goteborg, Sweden, reported sales for the second quarter of SEK 18.4 billion (US$2.1 billion), down 8 percent over the same period a year ago. Profit decreased 26 percent to SEK 1.7 billion (US$197.7 million).
Year to date, sales were SEK 36.1 billion (US$4.2 billion), down 8.4 percent over the prior year period. Profit decreased 13.5 percent to SEK 3.3 billion (US$383.3 million).
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