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Bearings Maker SKF Boosts Year-Over-Year Profit in Q1 - Modern Distribution Management

Bearings Maker SKF Boosts Year-Over-Year Profit in Q1 - Modern Distribution Management
mdm.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mdm.com Daily Mail and Mail on Sunday newspapers.

SKF Q1 2021: Strong organic growth and operating profit, while managing cost and currency headwinds

Share this article GOTHENBURG, Sweden, April 22, 2021 /PRNewswire/ A s the Board announced in January, Rickard Gustafson will be joining as President and CEO at the latest by 1 July. Alrik Danielson s last working day with SKF will be 30 April. The Board has appointed Niclas Rosenlew as Interim CEO in addition to his current role as CFO. Alrik Danielson, President and CEO: During the first quarter we saw strong sales and demand growth. We also experienced significant headwinds in terms of cost inflation and currency impact, affecting our operating result by SEK 1.3 billion. Despite this, we delivered a very solid adjusted operating result of SEK 2,789 million (SEK 2,572 million), representing an adjusted operating margin of 14% (12.8%).

Alrik Danielson lämnar SKF sista april

Alrik Danielson lämnar SKF sista april
gp.se - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gp.se Daily Mail and Mail on Sunday newspapers.

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