UPDATE 2-SKF sees demand improving after strong Q1

Newswire

(Adds details, additional analyst comment, updates shares) By Simon Johnson STOCKHOLM, April 25 (Reuters) - SKF , the world's biggest bearings maker, reported a 36 percent rise in first-quarter pretax profit on Tuesday boosted by rising demand and said it saw an even better second quarter. Firm demand in all its key markets, mainly Europe, North America and Asia, has lifted sales at the group over the past several quarters and helped boost its shares more than 60 percent last year. ...

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