SKF Half-year report 2018
Alrik Danielson, President and CEO:
“Our record start to 2018 has continued. Sales grew by 9% organically, to SEK 22.6 billion and our operating profit was SEK 2,925 million – SKF’s highest reported quarterly profit to date. Our operating margin, at 12.9%, continues to improve. Cash flow was also strong, at 2.2 billion.
The industrial business had a strong quarter with an operating margin of 14.6% and an organic growth of 10.7%, with strong growth in both Asia and Europe. We also saw stronger growth in North America, albeit from a lower level. By industry, we saw particular strength in heavy industries and industrial drives.
The automotive business delivered a strong operating margin of 8.9%, driven by good demand for both trucks and light vehicles. Organic growth was 5.2%, a clear sign that we continue to outpace vehicle production levels.
We continue to invest in the development of our value propositions, through the opening of a Rotating Equipment Performance Center in Gothenburg. The Center’s team of machine health specialists will act as a Nordic hub for the monitoring of connected customer machines as well as playing an important role in developing new logistic solutions for spare parts and remanufacturing services.
During the last 18 months, we accelerated production to ensure high customer service levels. As foreseen and communicated in April, production has been adjusted during the second quarter, to avoid building inventories. Entering the third quarter of 2018, we expect to see continued growth for both our industrial and automotive businesses.”
| Key figures, SEKm | Q2 2018 | Q2 2017 | Half year 2018 | Half year 2017 |
| Net sales | 22,620 | 20,229 | 43,180 | 39,830 |
| Operating profit | 2,925 | 2,315 | 5,550 | 4,610 |
| Operating margin, % | 12.9 | 11.4 |
(http://www.skf.com/group/news-and-media/news-search/2018-Jul-19-SKF-Half-year-report-2018-2997792.html)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published. 2.All news edited and translated by us are specially noted the source"CBCC". 3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news. 4.If the news we published involves copyright of yours,just let us know. 
Previous Support for the people and areas affected by the heavy rain event of July 2018
Next 3D printed custom parts reduce noise for cyclists BRIEF INTRODUCTION China Bearing Market News
 
|
