Swedish bearing manufacturer SKF reported sales for 2015 of SEK 76 billion (US$8.9 billion), up 7.1 percent from 2014. Profit was down 14.2 percent to SEK 4.1 billion (US$480 million).
For the fourth quarter, sales were SEK 18.2 billion (US$2.1 billion), a 1.5 percent decrease over the same period a year ago. Profit was down 51.4 percent to SEK 428 million (US$49.9 million).
Read the latest articles and see your reports.
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.
By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.
Wholesale distribution news and trends delivered right to your inbox.
Sign-up for our free newsletter and get:
