Views: 0 Author: Site Editor Publish Time: 2018-07-28 Origin: Site
Alrik Danielson, President and CEO:
“We have had a record start to 2018. Sales grew by 7.5% organically to SEK 20.6 billion and our reported operating profit was 2,625 million, both historical highs for SKF. Operating margin at 12.8% exceeded our target.
The actions we have taken to control and continually review our cost base, increase prices and focus on meeting the specific application needs of our customers are showing results.
We are delivering solid financial performance, with organic growth, operating margin and net debt to equity levels all better than our stated targets that are valid over a business cycle.
The industrial business, with a reported operating margin of 15%, grew by 8.5%, with especially strong growth in Europe and Asia. We grew in almost all industries and saw particular strength in industrial drives and railway applications.
The automotive business, with a reported operating margin of 7.7%, grew by 5.5%, a clear sign that we continue to outpace vehicle production levels. We grew in all geographic regions, with the strongest growth in the truck industry.
Entering the second quarter 2018, we expect to see continued growth year-on-year, in all regions and we expect growth within both industrial and automotive.”
About BHR Bearing ( Shenzhen Qinggong Bearing Co, Ltd.)
Shenzhen Qinggong Bearing Co., Ltd. （www.bhrbearing.cn）is a well-know bearing manufacturer in China since the year 1996 with its own factory. Despite our own BHR bearings, we also distribute kinds of famous branded bearings from worldwide manufacturers SKF, FAG, NSK, KOYO, NTN, NACHI, ASAHI, TOYOTA......and OEM can also be supplied.
We Shenzhen Qinggong Bearing Co., Ltd. is focused and committed to deliver our customers high quality products and solutions because they are at the core of everything we do. By combining technology with our design engineering expertise we are able to offer a breadth of advanced bearings and solutions.
With variety of bearinAgs, competitive prices, fast delivery and good after-sale service, hope we will get a chance to talk bearings together.
