AB SKF Announces Earnings Results for the Fourth Quarter and Full Year of 2012; Proposes Unchanged Dividend for 2012; Reports Impairment for the Fourth Quarter of 2012
For the full year, the company reported net sales of SEK 64,575 million compared to SEK 66,216 million a year ago. Operating profit was SEK 7,333 million compared to SEK 9,612 million a year ago. Profit before taxes was SEK 6,511 million compared to SEK 8,932 million a year ago. Net profit was SEK 4,878 million compared to SEK 6,224 million a year ago. Basic earnings per share were SEK 10.37 compared to SEK 13.29 a year ago.
For the fourth quarter of 2012, the company reported impairments and asset write-downs of SEK 100 million.
The Board of AB SKF has decided to propose an unchanged dividend of SEK 5.50 per share to the Annual General Meeting.