SKF Half-year report 2019
Strong operating performance on lower sales volumesGothenburg, 17 July 2019 Alrik Danielson, President and CEO: “Our efforts to keep costs under control are showing results, in a market with lower demand. Operating profit for the second quarter was SEK 2,539 million, including costs for restructuring and impairments of 317 million. The reported operating margin was 11.3% (12.9% last year), with an underlying operating margin of 12.7% excluding costs for restructuring and impairments, the sixth straight quarter above 12%. Net sales were SEK 22.5 billion, a drop in organic sales of 1.