Sweden: SKF Automotive sees profit fall 56% in Q1

SKF Automotive has reported Q1 2012 revenue of SEK 4,562m (US$674.5m), down SEK 201m or 4.2% from the SEK 4,763m reported in the first three months of 2011. The decline was driven by a fall in organic sales in local currency, most notably in Europe, with only very minor influences Subscribe to Automotive World to … Continued

• By Webmaster
• April 19, 2012