SKF Year-end report 2019
Gothenburg, 4 February 2020 Alrik Danielson, President and CEO: “2019 has been a solid year for SKF. We saw stable demand during the first half of the year. During the last six months, we maintained a strong operating result, despite falling demand. A consistent focus on cost reduction, especially during the fourth quarter, where cost reductions more than compensated for cost inflation, has allowed us to continue to deliver solid results, whilst continuing to invest in our factories and in R&D. During the fourth quarter, we delivered a strong underlying operating margin of 10.3% (