SKF AB (OTCPK:SKFRY)

$ 19.43 -0.295 (-1.5%) Market Cap: 8.85 Bil Enterprise Value: 10.06 Bil PE Ratio: 16.40 PB Ratio: 1.74 GF Score: 73/100

Q1 2021 AB SKF Earnings Call Transcript

Apr 22, 2021 / 08:00AM GMT

Release Date Price: $26.96 (-7.18%)

Transcript

Patrik Stenberg;publ;Head of IR and Director of Group IR;Mergers;Acquisitions

AB SKF

()-&&

Welcome to this conference call on the first quarter results. As in the last couple of quarters, we will use video instead of the traditional telephone conference. (Operator Instructions)

Today's speakers are our President and CEO, Alrik Danielson; and our CFO, Niclas Rosenlew.

With that very brief introduction, I will leave the word to Alrik. Please?

Alrik Danielson

Thank you. Good morning, everybody, and welcome to this conference. I'm pleased and proud to stand here today after yet another strong set of results.

During the first quarter, we saw strong sales and demand growth. Organic sales increased 8.6% in the quarter. Sales were significantly higher in Latin America and Asia and relatively unchanged in Europe and North America. We're also managing significant headwinds in terms of higher costs for logistics and material and a negative currency impact, affecting our

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