SKF Sales Down 11.6% in 3Q - Modern Distribution Management

Log In

SKF Sales Down 11.6% in 3Q

Bearings manufacturer sees sales drop 14.7% in first nine months of 2020 as soft demand environment continued to hit the company’s top-line performance.
SKF, 3Q, 2021, sales, third quarter

Bearings manufacturer SKF (STO: SKFA) Goteborg, Sweden, reported sales for the third quarter of SEK 18.6 billion (US$2.1 billion), down 11.6% over the same period a year ago. Profit fell 16% to SEK 1.9 billion (US$220 million).

Sales in Europe dropped 12.5%, sales in North America decreased 11.9% and sales in Middle East & Africa declined 2.9%, while sales improved in Latin America (4.6%) and Asia (7.2%).

Year to date, sales were SEK 55.3 billion (US$6.3 billion), down 14.7% over the prior-year period. Profit for the first six months fell 35.1% to SEK 4.9 billion (US$460 million).

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.