"We are on the market in July weakness in demand is expected in this quarter has become a reality, and also intensified, particularly evident in Asia and North America. In the end, sales in local currency decreased by 5% this quarter decline in productivity, inventory the amount is still within the control. sales to reduce our financial performance caused some impact.

We have reached an agreement with the departure of 1,500 white-collar staff, which is a part of our cost reduction program. Given the current market conditions, simply by virtue of those measures are not enough, we will continue to promote the cost-cutting measures throughout the Group.

In Europe, the railway industry still maintain growth, but reduce energy and metallurgical sectors of the market demand. Asia energy industry has significant growth, but the overall industry demand in North America and Asia was greatly reduced.

With the development of our overall market and increased in the automotive business in Europe, but in North America did not grow.

Profit growth in the automotive market continues to promote the plan, we will release more details of the capital market in the next.

Following the sale of Canfield Technology company, we will continue to divest non-core businesses. Proceeds will be used to optimize the balance sheet structure, additional investment in our core projects.

Entering the fourth quarter, we expect the macroeconomic uncertainty will continue, we estimate that demand will continue accordingly decreased slightly year on year in the fourth quarter. We will adjust our production levels accordingly. "

Key figures, Unit: billion kronor in 2015 Q3 2014 Q3 2015 2014
Net sales 183.67 177.87 577.82 524.76
Operating profit excluding one-time items 19.76 20.92 69.29 6214
Operating profit excluding one-time items,% 10.8 11.8 12.0 11.8
One-time items Operating profit -10 -0.21 -1.51 -0.19
Operating profit: 18.25 20.73 59.29 61.93
Operating margin,% 9.9 11.7 10.3 11.8
Exclusion of pre-tax profits, business and financial one-time items 16.29 18.46 62.31 54.96
Pre-tax profit 13.48 18.27 51.81 53.75
Net cash flow after investments before financing 18.08 14.76 44.50 0.11
Key figures 2015
September 30 2015
June 30, 2014
Sept. 30
Net working capital, the percentage of sales 29.7 30.9 32.4
Return on capital employed 12 months (%) 11.9 12.6 8.5
Net debt to equity ratio (%) 114.2 113.4 132.5
Net debt and interest tax profit before depreciation and amortization (EBITDA) ratio 2.9 2.8 4.5
Total organic structure Currency: Change in net sales year on year (%)
Q3 2015 -4.7 -0.8 8.8 3.3
Up to now -1.8 -0.3 12.2 10.1
Each year in the local area
Currency organic sales change (%): Northern Europe
Latin America
Americas Asia Middle East
& Africa
Q3 2015 -0.7 -10.8 0.9 -7.8 12.2
0.4 -6.4 1.1 -2.5 far 14.0
2015 fourth quarter Business Outlook

And the fourth quarter of 2014 compared to the market demand
SKF expects the group's demand for goods and services will be slightly lower, the Group's automobile market demand is expected to remain relatively unchanged, however, the special business needs are expected to be slightly lower, the industrial market demand will be reduced accordingly. According to market segmentation, market demand in Europe and Latin America will remain the same, North America and Asia have significantly reduced market demand.

And the third quarter of 2015 compared to the market demand
SKF expects the group's demand for goods and services will be slightly reduced market demand for the Group's industrial and automotive market is also expected to reduce demand, special business demand is expected to remain unchanged. In accordance with the market segmentation, the European market will remain unchanged, while in North America, Asia, and Latin American markets are expected to decrease.