Reclassification of specification of Net cash flow used in investing activities in SKF Year-end report 2016
Gothenburg, 6 February 2017:
SKF announces a reclassification between lines in the specification of the "Net cash flow used in investing activities" in the SKF Year-end report 2016. The changes refer to page 11 of the report, under the headline “Condensed consolidated statement of cash flow”.
The changes do not impact the Net cash flow used in investing activities, which remains SEK -751 million for Oct-Dec 2016 and SEK 567 million for Jan-Dec 2016.
The following lines are affected by the reclassification:
| As published Oct-Dec 2016 |
Reclassified Oct-Dec 2016 |
As published Jan-Dec 2016 |
Reclassified Jan-Dec 2016 |
|
| Payments for intangible assets, PPE, businesses and equity securities | -1 076 | -693 | -2 654 | -2 271 |
| Sales of PPE, businesses and equity securities | 325 | -58 | 3 221 | 2 838 |
| Net cash flow used in investing activities | -751 | -751 | 567 | 567 |
Aktiebolaget SKF
(publ)
The information in this press release is information which AB SKF is required to disclose under the EU Market Abuse Regulation (EU) No 596/2014. The information was provided by the above contact persons for publication on 6 February 2017 at 8:45 CET.
For further information, please contact:
Press Relations: Theo Kjellberg, +46 31-337 6576; +46 725-776 576; theo.kjellberg@skf.com
Investor Relations: Patrik Stenberg, +46 31-337 2104; +46 705-472 104; patrik.stenberg@skf.com
SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com
® SKF is a registered trademark of the SKF Group.
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