SKF’s programme to improve efficiency, reduce cost and strengthen profitable growth continues
SKF's programme to improve efficiency, reduce cost and strengthen profitable growth continues as planned. SKF will report restructuring cost of around SEK 250 million in the first quarter of 2013, for the second stage of the programme that was announced at the beginning of the year (see press release of 14 January 2013).
The cost will mainly have an impact on the business area SKF Industrial Market, Strategic Industries. More information will be provided in SKF First-quarter report 2013, which will be published on 17 April at around 08.00 CEST.
AB SKF is required to disclose the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08:00 on 10 April 2013.
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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 2012 were SEK 64,575 million and the number of employees was 46,775. www.skf.com
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