This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Resultados 2001: SKF consigue unos beneficios antes de impuestos de 3.120 MSEK
Results 2001: SKF achieved profit before taxes of MSEK 3,120
15/03/2002
This means an increase of 3.9 per cent
The SKF Group achieved profit before taxes of 3,120 million SEK (MSEK). This means an increase of 3.9 per cent on the results achieved in the year 2000 and that they date from 3,002 million kroner.
According to the annual report of SKF, the Group managed to 824 million kronor the last quarter of 2001, compared to 761 million for the year 2000. For its part, earnings per share for the year 2001 have increased a 10.5 per cent to the 19,04 SEK, which is why the Board of Directors of the Group has proposed a dividend of 6 Swedish kronor per share.
Sales evolution
Sales of SKF in Europe experienced a sharp rise at the beginning of the year 2001 to descend again during the last quarter. North American sales decreased significantly although in the last quarter they experienced light higher because, according to SKF, for seasonal reasons. Annual sales in Asia increased over this same period.
On the other hand, the SKF Group has progressively reduced this year their production levels and the number of employees to adapt to the demand of the market.
Forecasts
In this annual report, the Panel ensures that there are signs that allow venture a recovery in demand this year, although it is expected that this first quarter production will be considerably less than the first quarter of the previous year.
More information:
5) METALUNIVERS March 2002
