SKF Year-end report 2017
Gothenburg, 1 February 2018 Alrik Danielson, President and CEO: “We have had a strong finish to 2017, a year characterized by strong demand in most markets. In the fourth quarter, net sales, at SEK 19.5 billion, grew organically by over 8%, with near- double-digit growth in Automotive. Europe and Asia saw strong sales growth, 9% and 10%, respectively, driven by high general levels of industrial activity and a strong automotive market. In North America, sales growth was 5%. Our focus on raising prices, for both distributors and OEMs, and controlling costs is bearing fruit. Our