SKF Q1 2021

Strong organic growth and operating profit, while managing cost and currency headwinds - Seite 2

Demand has increased gradually since the trough in the second quarter of 2020. Net sales is expected to continue to grow, reaching pre-COVID levels in the second quarter of 2021: i.e. in line with levels reported in the second quarter of 2019.

After close to seven years as CEO, this will be my last quarterly report. To all colleagues, customers and stakeholders: thank you for your support during these years, making all we have done possible."

Key figures, SEKm	Q1 2021	Q1 2020
Net sales	19,865	20,085
Adjusted operating profit	2,789	2,572
Adusted operating margin, %	14.0	12.8
Operating profit	2,699	2,268
Operating margin, %	13.6	11.3
Adjusted profit before taxes