Robust expansion
AB SKF (SKF) has delivered strong growth in Q4 2021 despite rising cost inflation. While performance had been strong for the first half of the year, supply chain constraints began to pose a challenge during the second half, with rising costs weighing on the company’s operating margin. In order to manage this development, SKF has implemented a cost reduction strategy to mitigate material, logistics and energy expenses. Nonetheless, the company benefited from rising sales volumes throughout the year.
COVID|Structural|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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