SKF nine-month report 2017
Gothenburg, 31 October 2017 Alrik Danielson, President and CEO: “The third quarter was characterized by continued organic growth and operating margin improvement. Net sales, at SEK 18.6 billion, increased organically by 8%. The industrial business grew by 9.5%, with strong growth in all regions. The automotive business grew by 4.9%. Net debt decreased by SEK 1.3 billion, taking us below our net debt/equity target of 80%. Our adjusted operating profit was SEK 2.2 billion, up 400 million from last year, giving an adjusted operating margin of 11.9%. The automotive business