Swedish bearing manufacturer SKF reported sales for 2018 of SEK 85.7 billion (US$9.5 billion), up 10 percent from 2017. For the fourth quarter, sales were SEK 21.2 billion (US$2.3 billion), a 8.8 percent increase over the same period a year ago.
Operating profit decreased 14.7% to SEK 2.3 billion (US$230 million).
Bearing manufacturer sees sales drop 16.6% in first six months of 2020 as soft demand…
The company reported an operating loss of $115.8 million.
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