SKF Announces 2005 Second Quarter Results


GOTHENBURG, SWEDEN - SKF reports an increase in sales of 11.4% for the second quarter 2005, measured in local currencies and compared to last year. Profit before taxes increased by 26%. The operating margin was 10.9% for the second quarter. The operating margin for the second quarter amounted to 10.9% (10.2), and to 10.4% (9.3) for the first half of the year.

Sales development
Sales for the SKF Group in the second quarter, calculated in local currencies and compared to the same quarter last year, were higher in Europe, significantly higher in North America, Latin America and Asia.

The manufacturing level for the second quarter 2005 was unchanged compared to the first quarter, but higher than the second quarter last year.

Outlook for the third quarter 2005
The market demand for SKF's products and services in the third quarter, compared to the previous quarter, is expected to remain on a high level in Europe, to be slightly higher in North America, higher in Latin America and significantly higher in Asia. However, the third quarter is seasonally lower than the second quarter.

SKF is a leading global supplier of bearing and elastomeric products, solutions and related services, as well as linear motion and lubrication technologies. Headquartered in Gothenburg, Sweden, with technology centers in the Netherlands, Italy and the United States, SKF is a valued partner to original equipment manufacturers and a major supplier to the automotive, aerospace, heavy-duty/off-highway, marine and other industries.

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