SKF ( SKF) Annual report in 2018

Deng lixin ( Alrik Danielson） In 2018, President and chief executive officer, 'that is a very good year for SKF, not only the performance hit a record, financial performance is significantly enhanced. To this end, proposed by the board of directors decided in the annual shareholder meeting 6 a share. 00 kronor dividend. In the fourth quarter, the group of organic sales growth of 5%, net sales of 21. 2 billion kronor. Operating profit of 2. 9 billion kronor. Positive impact by SKF drive technology for sale, operating profit margin reached 13. 7%. Asset impairment and customer settlement and restructuring had a negative effect. The balance after 7. Operating profit of 0. 5 billion Swedish crowns. Due to the strong business performance, including finished goods inventory continues to decline and the sale of SKF drive technology and cash flow is very strong, up to 4. 3 billion kronor. Industrial business organic sales growth rate of 9%. Business performance is still strong, the results shown in operating margins to 18. 3% ( 12 last year. 8%) 。 Automotive business remains robust, the restructuring costs and customer settlement, the influence of the business's operating margins to 2. 1%. Organic sales growth for - 3. 7%, European sales continue to be global light vehicle test procedures ( WLTP） The influence of the test cycle. In China, the demand for trucks and cars. We are busy intensify efforts to enhance the competitiveness of production in the fourth quarter, strengthen our manufacturing layout. We announced in France, Germany, China and the UK investment and optimize the layout. Investment in terms of automation and technology upgrading continues, further investment in schweinfurt in Germany in November, also valenciennes completion in France for a LEAP aircraft engine bearing automated assembly line. We now have approximately 4 million interconnected bearing, half of them connected to our REP centers around the world, enable us to ensure reliable rotating equipment performance for our customers. Into the first quarter of 2019, we expect the group's sales will remain relatively unchanged, slightly tall, industrial products and automotive product is slightly lower. 'Demand outlook and guidelines in the first quarter of 2019 ( Compared with the first quarter of 2018) Demand for SKF products and services is expected to remain relatively constant, the demand for industrial products will be a slight increase in the demand for automobile products is decreased. Demand in North America are expected to increase, slightly higher in Asia, Latin America is relatively constant, Europe has declined slightly. 2019 first quarter earnings guidance, financial net worth: - 200 million Swedish crowns. Based on December 31, 2018, the exchange rate, compared with 2018, the exchange rate on the influence of operating profit is expected to be about + 1. 400 million Swedish crowns. Guidance, tax levels in 2019, not including related to diversification: the impact of about 28%. The added value of property, plant and equipment: about 2. 8 billion kronor.