SKF Half-year report 2020: Continued very strong operating result, despite sharp fall in demand
Gothenburg, 21 July 2020 Alrik Danielson, President and CEO: “We have delivered another very strong operating result, despite sales falling by 25% during the second quarter. This performance allowed us to continue to build a stronger SKF, maintaining high levels of investments in our factories and new customer offerings whilst at the same time capitalizing on new ways of working. In June, we also announced that our manufacturing operations will be carbon neutral by 2030. Net sales fell organically by 25% to SEK 16.6 billion. Sales in both Europe and North America decreased by about