SKF has reported that its net sales for the last six months were SEK 20.2 billion, an increase by 7.5% compared to the second quarter last year, with North America and Asia growing by 10% and 12% respectively.

Adjusted operating profit was SEK 2,436 million, 416 million higher than last year and an adjusted operating margin of 12%.

‘The second quarter saw strong organic growth and an improved operating margin,’ said Alrik Danielson, president and CEO. ‘Sales development was positive in all regions, as underlying industrial activity and investments increased. For the third quarter of 2017, demand for our products and services is expected to be higher compared to the same period last year.’

SKF has reported that its net sales for the last six months were SEK 20.2 billion, an increase by 7.5% compared to the second quarter last year, with North America and Asia growing by 10% and 12% respectively.

Adjusted operating profit was SEK 2,436 million, 416 million higher than last year and an adjusted operating margin of 12%.

‘The second quarter saw strong organic growth and an improved operating margin,’ said Alrik Danielson, president and CEO. ‘Sales development was positive in all regions, as underlying industrial activity and investments increased. For the third quarter of 2017, demand for our products and services is expected to be higher compared to the same period last year.’

This story is reprinted from material from SKFwith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.