SKF First-quarter report 2015
Alrik Danielson, President and CEO:”Demand was in line with our expectations, with reported sales growth in local currencies of 1,4%. All three business areas showed an increase in sales in local currencies. Geographically, Asia continued to show a good growth followed by Europe and Latin America which were relatively unchanged while in North America the business slowed somewhat due to lower activity in some of our key industries. Cash flow from operations was strong, even though we built some working capital in the quarter due to seasonality.There has been a high focus on implementing