SKF Group Sales Grow 8% in 1Q

SKF reported sales of SEK 14,371 million (US$2.131 billion) in the first quarter 2007, up 8.1%. Profit was up by 4.9%.

SKF reported that sales were significantly higher in Europe and Asia. Sales in North America were relatively unchanged and sales in Latin America were higher.

The market demand for SKF's products and services in the second quarter of 2007 is expected to be higher. The demand is expected to be higher in Europe and Latin America, significantly higher in Asia and relatively unchanged in North America. The demand is expected to be higher in the Industrial and Service Division and slightly higher in the Automotive Division.

Other News:
SKF Group Sales Grow 8% in 1Q
ZKL Logo on Racing Cars in Argentina（Pic)
Federal Chancellor Angela Merkel Visits Schaeffler Group
Ithaca Company Moving Headquarters to Kentucky
New Morgan Gearbox Speeds up Moldovan Mill
Agreement Brings Gearbox Range to the UK
Linear Actuator Offers High Positional Accuracy
Schaeffler Group Press Conference at the Hanover Fair