SKF Half-year report 2021: Record operating profit
Gothenburg, 20 July 2021 Rickard Gustafson, President and CEO:“The second quarter saw a record in adjusted operating profit of SEK 3,118 million (1,565 million) and an adjusted operating margin of 15.0% (9.4%). The result was especially strong, given continued headwinds in the form of negative currency impact and rising input costs. Through mitigating actions we have been able to compensate for approximately 50% of this cost increase. We’ve done well to serve our customers under these circumstances, and we’re doing our outmost to capture additional growth opportunities. Organic