《SKF_2016 Q1_presentation》.pptVIP

SKF First-quarter results 2012 Tom Johnstone, President and CEO 19 April 2012 Highlights Q1 2012 SKF signed an agreement to acquire the US-based General Bearing Corporation for around USD 125 million on a cash and debt free basis. SKF received an order worth around SEK 350 million from Vestas for  the delivery of main shaft solutions to the Vestas V112-3.0 MW turbine. SKF was awarded two contracts totaling around SEK 50 million from Siemens Rail Systems for railway projects in Europe. SKF will deliver axle  boxes and wheel set bearing units. SKF received orders from one major metal industry customer for  SKF ConRo Compacts worth EUR 1.8 million. SKF signed a three-year contract with Scania. The contract includes  bearings for truck wheel end units and transmissions to Scania production  facilities in Brazil. Highlights Q1 2012 inaugurated two SKF University Technology Centres:  held the SKF North American Distributor convention in Florida,  and participated in a maintenance fair in Sweden. awarded the 140,000 certificate from the SKF Distributor College launched a range of informational and calculation-focused  apps for iPhone and iPad. Examples of new products launched in 2012 SKF Group Q1 2012 Financial performance Q1 2012 Q1 2011 Net sales, SEKm 16,931 16,702 Operating profit, SEKm 2,140 2,504 Operating margin, % 12.6 15.0 Profit before tax, SEKm 1,981 2,318 Cash flow, SEKm 696 372 Organic sales growth in local currency: SKF Group: +1.1% Europe: -1.2% Industrial market, Strategic Industries: +2.5% North America: +14.7% Industrial market, Regional Sales and Service: +3.0% Asia: -8.1% Automotive: -4.2% Latin America: +11.1% Key points Sales were relatively unchanged y-o-y Manufacturing was significantly lower y-o-y Inventories were reduced to 20.5% of sales  Growth development by geography Organic growth in local currency Q1 2012 vs Q1 2011 Growth in local currency Co