Transcription of Year-end report 2017 - SKF
{{id}} {{{paragraph}}}
Example: bankruptcy
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 ( ). Within the industrial business, increased sales volumes delivered an adjusted operating margin of ( ).
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
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: