NBI Bearings Europe, S.A. Reports Earnings Results for the Half Year Ended June 30, 2022
September 27, 2022
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NBI Bearings Europe, S.A. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was EUR 25.36 million compared to EUR 21.64 million a year ago. Net income was EUR 1.76 million compared to EUR 1.03 million a year ago.
NBI Bearings Europe SA is a Spain-based company engaged in the bearings production. The Company focuses on the design, development and manufacture of ball and roller bearings for various applications, such as cranes and offshore machinery; gear boxes; industrial machinery; agricultural equipment; tubular stranders, as well as pulleys and shear blocks. The Company's products range includes single row ball bearings; cylindrical, tapered, spherical and needle roller bearings; support rollers; cam followers, as well as cylindrical and spherical roller thrust bearings. In addition, it provides advisory related to bearing selection and dimensions; technical assistance; as well as tailor-made design, among others. The Company is controlled by Pakel Rmi Promocion de Empresas SL.