SKF Group Sales Grow 8.3% in First Half
The SKF Group reported a sales increase of 5% for the second quarter of 2006. For the first half of the year, sales were up 8.3%.
Sales for the SKF Group (excluding Ovako Steel in 2005) were higher in Europe, slightly higher in North America and significantly higher in Asia. Sales in Latin America were unchanged.
The manufacturing level for the second quarter of 2006 was unchanged compared with the first quarter 2006, and slightly higher than the same period last year.
Outlook for 3Q
The market demand for SKF's products and services in the third quarter 2006 is expected to be slightly higher compared with the second quarter 2006. The demand is expected to be higher in Europe, significantly higher in Asia, and ...