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SKF B SKF AB News Story

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SKF falls on Q4 sales guidance below expectations

** Shares in SKF SKFb.ST are down around 3% after the Swedish industrial bearing maker posted its Q3 results with Q4 sales guidance below expectations

** "While the global economic development makes the outlook uncertain, we expect market demand to remain at similar levels as in the third quarter," SKF said

** For Q3 SKF reported sales at SEK 22.5 billion  ($2.39 billion)

** For Q4 SKF is guiding now for organic sales to be relatively unchanged YoY, while the market consensus was expecting +1.6% growth, as per Jefferies

** Share on track for its worst day since April 7

($1 = 9.4155 Swedish crowns)

(Reporting by Agnieszka Gosciak-Rabalska)

((agnieszka.gosciakgdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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