Sweden's SKF, the world's top bearings maker, on September 10 stood by it's outlook for unchanged demand in the third quarter compared with the second quarter. "SKF's outlook for the third quarter doesn't change," Chief Executive Tom Johnstone told a Capital Markets Day of investors in London.
"In the EU, that macro uncertainty has increased. September is a very important month for the third quarter and even more important month for the fourth quarter," Johnstone added.
In connection with SKF's second-quarter report in July, Johnstone said demand in Europe had weakened in the final weeks of the quarter in the automotive and industrial distribution businesses.