SKF Year-end report 2018
Gothenburg, 29 January 2019 Alrik Danielson, President and CEO: “2018 was an excellent year for SKF, with record results and a significantly strengthened balance sheet. In recognition of this, the Board has decided to propose an increased dividend of SEK 6.00 per share to the Annual General Meeting. During the fourth quarter, we delivered an organic sales growth of 5% for the Group, with net sales at SEK 21.2 billion. Operating profit was SEK 2.9 billion. Operating margin was 13.7%, impacted positively by the divestment of SKF Motion Technologies. Impairments of assets and