Transcription of Year-end report 2017 - SKF
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Year-end report 2017 - SKF
1 SKF Year-end report 2017We have had a strong finish to 2017, a year characterized by strong demand in most markets. In the fourth quarter , net sales, at SEK billion, grew organically by over 8%, with near- double-digit growth in Automotive. Europe and Asia saw strong sales growth, 9% and 10%, respectively, driven by high general levels of industrial activity and a strong automotive market. In North America, sales growth was 5%. Our focus on raising prices, for both distributors and OEMs, and controlling costs is bearing fruit. Our adjusted operating profit was SEK billion in the quarter , an increase of SEK 350 million compared to last year. Our adjusted operating margin also improved, to ( ).
1 SKF Year-end report 2017 We have had a strong finish to 2017, a year characterized by strong demand in most markets. In the fourth quarter, net sales, at SEK 19.5 billion, grew organically by over 8%, with
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