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SKF AB (SKFRY) reports improved margins and strategic advancements despite challenges in the automotive sector and geopolitical uncertainties.
Despite currency challenges, SKF AB (SKFRY) reports stable margins and strategic advancements in high-value industrial segments.
SKF has completed the previously announced divestment of its precision elastomeric device (PED) operation in Elgin, Illinois, USA. The divestment is part of SKF's strategic focus on its core aerospace areas and exit of non-core business lines.
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