Sweden’s SKF reports Q3 2023 net sales at $2.3 billion, relatively flat YOY

Financial results

The company's Automotive business' adjusted operating margin stood at 6%, driven by portfolio pruning and cost-management actions

Sweden-based SKF, a supplier of rolling bearings, seals, mechatronics and lubrication systems, announced its third-quarter financial results on Oct. 27, 2023.

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