SKF Nine-month report 2020: Strategy implementation continues to drive strong results
Gothenburg, 27 October 2020 Alrik Danielson, President and CEO: “SKF’s transformation into a more customer-focused, innovative and lean business continues. Our strong results in the third quarter illustrate that we are delivering on the implementation of our strategy, including new ways of working, developing better, more attractive customer offers as well as making our manufacturing closer and more responsive to customer needs. Despite an organic sales decline of 5.1% compared to last year, we improved our adjusted operating margin to a very strong 13.3% (11.3%). Net sales at