stockholmskf on wednesday backed its fullyear guidance and said it expects sales to continue rising in the third quarter though at a slightly slower pace than the previous quarter the swedish ballbearing maker said net profit rose to 204 billion swedish kronor 1996 million in the second quarter from sek493 million a year earlier as sales rose 15 to sek2712 billion analysts polled by factset had expected net profit of sek21 billion on sales of sek2698 billion the adjusted operating margin was 133 from 105 which is a step towards the 14 target it said skf said it saw organic sales growth of 8 in the quarter having guided for high singledigit growth with strong demand in europe and asia in sectors such as aerospace electrical vehicles and railway looking into the third quarter the company expects to see mid singledigit organic sales growth on the year going into the second half of the year we expect the normal third quarter seasonality pattern in our results chief executive rickard gustafson said we also expect continued volatility and geopolitical uncertainty impacting the markets in which we operate for the fullyear skf still sees high singledigit organic sales growth compared to 2022