| Business Summary | | Aktiebolaget
SKF
(the
Group)
conducts
its
operations
through
three
business
areas:
Bearings,
Seals
and
Steel.
Bearings
is
the
Group's
largest
business
area.
Its
product
program
includes
a
large
variety
of
ball
and
roller
bearings,
special
bearings,
tools
for
the
mounting
and
dismounting
of
bearings,
lubricants
and
measuring
and
monitoring
instruments,
as
well
as
engineering
advisory
services
and
training.
In
addition
to
bearing
seals,
the
Seals
product
assortment
includes
seals
for
different
kinds
of
engines,
transmissions,
shock
absorbers,
propeller
shafts
and
hydraulic
applications.
Ovako
Steel,
the
Group's
Steel
subsidiary,
manufactures
rolling
bearing
steel. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Aktiebolaget
SKF
manufactures
rolling-bearings,
oil
seals
and
special
steels.
For
the
six
months
ended
6/30/01,
total
revenues
rose
11%
to
SE22.05
billion.
Net
income
before
US
GAAP
rose
17%
to
SEK1.08
billion.
Revenues
benefitted
from
increased
volume
accross
all
divisions,
especially
the
Industrial
and
Service
divisions.
Net
income
reflects
decreased
interest
expense,
along
with
improved
margins. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Anders Scharp | Chairman | Sune Carlsson | Pres,
CEO | Gunnar Gremlin | VP | Tom Johnstone | VP | Carina Bergfelt | Corp.
Staff Director, Legal, Gen. Counsel |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|