The Gothenburg-based engineering firm recorded net sales of MSEK 23,195, reflecting organic growth of 1.4%. While the Specialized Industrial Solutions segment—bolstered by aerospace and magnetic technologies—drove much of this momentum, the automotive arm faced continued headwinds. CEO Rickard Gustafson noted that while production efficiencies have improved the automotive unit's margins, the ongoing transfer of production lines has created short-term operational friction.
Financial performance was bolstered by MSEK 350 in savings from rightsizing initiatives, which effectively countered negative synergies linked to the split. Looking ahead, the company expects a slight strengthening of organic sales in the third quarter, though management remains cautious regarding the impact of global geopolitical instability on supply chains. The planned listing of the independent automotive business remains on schedule for the fourth quarter of 2026, with Kerstin Enochsson confirmed as CEO of the new entity, SKF Vertevo.
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