SKF Sales Up 11.6% in 2014 - Modern Distribution Management

Log In

SKF Sales Up 11.6% in 2014

Fourth-quarter sales increased 12.6 percent year-over-year.

Swedish bearing manufacturer SKF reported sales for 2014 of SEK 70.9 billion (US$8.6 billion), up 11.6 percent from sales in 2013. Profit was SEK 4.7 billion (US$574.3 million), compared with SEK 1 billion (US$126.2 million) a year ago.

For the fourth quarter, sales were SEK 18.4 billion (US$2.2 billion), a 12.6 percent increase over the same period a year ago. Profit was SEK 881 million (US$106.5 million) for the quarter, compared with a year-ago loss of SEK 2 billion (US$247 million).

"Our industrial business gained some momentum while, as expected, the automotive business slowed somewhat. Geographically, Asia once again had the strongest growth and North and Latin America developed well, while Europe remained relatively unchanged," said Alrik Danielson, president and CEO.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.