SKF Takes One-off Costs in Fourth Quarter Results-Bearing News

(Gothenburg, 12 January, 2012) SKF today announced they will take one-off costs of around SEK 100 million in the fourth quarter of 2011. Around SEK 40 million are related to impairment of assets and have no impact on cash flow. The remaining costs are related to various restructuring activities. Approximately SEK 60 million of the total will affect the Industrial Division and most of the balance will affect the Service Division.

(SKF)

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