SKF First-quarter report 2006
SKF reports record profits and record sales for the first quarter of 2006. Operating profit increased by 33% and sales were up 12%. Earnings per share increased by more than 40%.· Net sales for the first quarter amounted to MSEK 13,289 (11,871). · Operating profit for the first quarter 2006 was MSEK 1,609 (1,207). The operating margin was 12.1% (10.2). · The SKF Group reports a profit before taxes for the first quarter 2006 of MSEK 1,599 (1,179). · Net profit for the first quarter was MSEK 1,138 (816). · Basic earnings per share for the first quarter were SEK 2.45 (1.73). Diluted earnings