SKF first quarter results 2018
Gothenburg, 26 April 2018 Alrik Danielson, President and CEO: “We have had a record start to 2018. Sales grew by 7.5% organically to SEK 20.6 billion and our reported operating profit was 2,625 million, both historical highs for SKF. Operating margin at 12.8% exceeded our target. The actions we have taken to control and continually review our cost base, increase prices and focus on meeting the specific application needs of our customers are showing results. We are delivering solid financial performance, with organic growth, operating margin and net debt to equity levels all