SKF results exceed analysts' expectations
The Local · 18 Jul 2007, 11:58
Published: 18 Jul 2007 11:58 GMT+02:00
Sales for the first half of the year have climbed to 29,334 million kronor, up from 26,662 million kronor in the first six months of 2006. The rise was helped by "significantly higher" sales in Europe, Asia and Latin America.
"The market demand for SKF's products and services in the third quarter of 2007 is expected to be higher for the Group," said the company in a statement.
"The demand is expected to be higher in Europe and Latin America, significantly higher in Asia and relatively unchanged in North America. The demand is expected to be higher in the Industrial and Service Division and slightly higher in the Automotive Division."