Swedish bearing manufacturer SKF reported sales for 2016 of SEK 72.8 billion (US$8.9 billion), down 4.2 percent from 2015. Profit was up 3.3 percent to SEK 4.2 billion (US$480 million).
For the fourth quarter, sales were SEK 18.8 billion (US$2.1 billion), a 3.1 percent increase over the same period a year ago. Profit was up to SEK 970 million (US$xx million) from SEK 428 million (US$49.9 million).
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