The 2020 Mid-Year Economic Update_long

SKF Sales Up Slightly in 2019

Industrial sales grew 1.5% during 2019.

Swedish bearing manufacturer SKF reported sales for 2019 of SEK 86 billion (US$9 billion), up 0.4% from 2018. For the fourth quarter, sales were SEK 21.2 billion (US$2.2 billion), a 0.1% increase over the same period a year ago. 

Industrial sales grew 1.5% during 2019 and automotive sales fell 2.4%.

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