SKF reported sales increased 7.4% to SEK16.1 billion (US$2.7 billion) for the second quarter of 2008. Sales for the first six months were up 8% to SEK31.7 billion (US$5.3 billion).
Profit was SEK1.4 billion (US$233 million). For the first six months, profit totaled SEK 2.7 billion (US$450 million).
The sales increase for the quarter was attributable to: volume, 6.2%; structure, 1.3%; price and mix, 4%; and currency effects, -4.1%. For the first six months, volume attributed 5.6%; structure, 1.2%; price and mix, 3.9%; and currency effects, -2.7%.
Sales were significantly higher in Europe, Asia and Latin America. Sales in North America were relatively unchanged. Manufacturing level for the quarter was slightly higher that the first quarter …
SKF Sales Up 7.4% in 2Q
SKF reported sales increased 7.4% to SEK16.1 billion (US$2.7 billion) for the second quarter of 2008. Sales for the first six months were up 8% to SEK31.7 billion (US$5.3 billion).
Profit was SEK1.4 billion (US$233 million). For the first six months, profit totaled SEK 2.7 billion (US$450 million).
The sales increase for the quarter was attributable to: volume, 6.2%; structure, 1.3%; price and mix, 4%; and currency effects, -4.1%. For the first six months, volume attributed 5.6%; structure, 1.2%; price and mix, 3.9%; and currency effects, -2.7%.
Sales were significantly higher in Europe, Asia and Latin America. Sales in North America were relatively unchanged. Manufacturing level for the quarter was slightly higher that the first quarter …
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