SKF Half-year report 2023: Strong sales, profit, and cash flow
Gothenburg, 19 July 2023 Rickard Gustafson, President and CEO: “I’m pleased to report that our strategic transformation continues at a high pace, clearly reflected by a strong set of numbers in the second quarter. In the quarter, we saw record high net sales, adjusted operating profit, and cash flow. Strong results in the second quarter Net sales were SEK 27.1 billion (23.7), which is a record high quarterly number. The organic sales growth came in at 8%, representing the ninth consecutive quarter with an organic growth rate above 5%. We saw strong demand in Europe and Asia