Bloomberg:SKFA@SS

AB SKF's Board of Directors Proposes Changed Dividend

GÖTEBORG, Sweden, March 24, 2020 /PRNewswire/ -- As a precautionary measure in this uncertain economic environment, the Board of Directors of AB SKF has decided to propose to the Annual General Meeting that the dividend be changed fromSEK 6.25 per share to SEK 3.00 per share. The Board's curren...

2020-03-24 02:28 3406

SKF Takes Steps to Reduce Impact of Initiatives from Authorities and Customers

GOTHENBURG, Sweden, March 20, 2020 /PRNewswire/ -- The industries and regions in which SKF operates are being impacted by initiatives by authorities and SKF's customers related to the spread of the Covid-19 virus. As a result of this significant level of uncertainty, SKF is taking major steps to...

2020-03-20 03:46 5680

SKF Annual General Meeting - Precautionary Measures Because of Covid-19

GOTHENBURG, Sweden, March 17, 2020 /PRNewswire/ -- As a result of the current spread of the Covid-19 virus, SKF is making the following changes to its Annual General Meeting on 26 March: * The Annual General Meeting will start as planned at 13:00. The doors will be open from 12:15 and not 11:0...

2020-03-17 02:47 3817

SKF Annual Report 2019 Published

GOTEBORG, Sweden, March 4, 2020 /PRNewswire/ -- AB SKF's Annual Report 2019 has today been published on the Group's website. The report focuses on SKF's operations and value creation for customers, employees, shareholders, the environment and surrounding communities. Sustainability is embedded i...

2020-03-04 20:29 5224

Announcement of Change in the Total Number of Votes in AB SKF

GOTHENBURG, Sweden, Feb. 28, 2020 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As per 28 February, the Company's share capital amounts to SEK 1,138,377,670 and the total number of ...

2020-02-28 16:03 9887

SKF Increases Shift Towards Carbon Neutral Manufacturing

GOTHENBURG, Sweden, Feb. 20, 2020 /PRNewswire/ -- SKF's automotive bearing factory in Tudela,Spain, has become the Group's second manufacturing site to achieve carbon neutral status. Together with the Steyr factory inAustria, which manufactures a range of bearings for industrial uses, the two fac...

2020-02-20 16:20 5340

SKF: Notice of Annual General Meeting

GOTEBORG, Sweden, Feb. 17, 2020 /PRNewswire/ -- Gothenburg, 17 February 2020: Notice is hereby given that the Annual General Meeting of Aktiebolaget SKF, reg. no. 556007-3495, will be held at SKF Kristinedal, Byfogdegatan 4,Gothenburg, Sweden, at 13.00 on Thursday, 26 March 2020. The doors are o...

2020-02-17 16:00 4115

SKF Year-end Report 2019

GOTHENBURG, Sweden, Feb. 4, 2020 /PRNewswire/ --  Alrik Danielson, President and CEO: "2019 has been a solid year for SKF. We saw stable demand during the first half of the year. During the last six months, we maintained a strong operating result, despite falling demand. A consistent focus on co...

2020-02-04 20:59 10761

Håkan Buskhe and Susanna Schneeberger Proposed as New Board Members of AB SKF

GOTHENBURG, Sweden, Jan. 31, 2020 /PRNewswire/ -- SKF's Nomination Committee proposes Håkan Buskhe andSusanna Schneeberger as new Board members of AB SKF. Håkan Buskhe will assume the role as CEO of FAM AB. His previous senior positions include CEO of E.ON Nordic AB and, most recently, CEO of Sa...

2020-01-31 18:59 9061

SKF Consolidates Product Development, Proposes To Cease Activities in Scotland

GOTHENBURG, Sweden, Jan. 24, 2020 /PRNewswire/ -- In order to speed up the development of cloud-based condition monitoring technologies, SKF is consolidating its development footprint inEurope. Consequently, and subject to consultation with local employee representatives, SKF proposes to cease it...

2020-01-24 16:17 10111

SKF's Year-end Results to be Published on 4 February 2020

GOTHENBURG, Sweden, Jan. 17, 2020 /PRNewswire/ -- The SKF Group will publish its year-end results on4 February 2020 at approximately 13:00 (CET). Investors, analysts and media are invited to take part in a conference call, which will be held in English, at 14:00 (CET). To join the conference ca...

2020-01-17 16:10 17954

SKF's Capital Markets Day Will be Held on 4 November 2020

GOTHENBURG, Sweden, Dec. 20, 2019 /PRNewswire/ -- In November 2020, SKF will arrange its Capital Markets Day in co-ordination with Sandvik and Volvo Group. The capital markets days will include visits to Sandvik and SKF sites inAustria and to Volvo inGothenburg, Sweden. SKF's Capital Markets Day...

2019-12-20 19:18 15019

Gerdau and SKF in Agreement to Improve Productivity at Brazilian Steel Mills

GOTHENBURG, Sweden, Dec. 6, 2019 /PRNewswire/ -- Gerdau and SKF have signed a fee-based agreement aimed at increasing productivity and reducing unplanned downtime at Gerdau's Charqueadas and Araçariguama steel mills inBrazil. The agreement will see SKF provide a full range of products, including...

2019-12-06 16:09 4982

SKF Acquires Software Development Start-up

GOTHENBURG, Sweden, Nov. 11, 2019 /PRNewswire/ -- SKF has completed the acquisition of Form Automation Solutions (FAS), a US-based software development start-up company. FAS has developed GoPlant, a mobile-based asset inspection and data collection solution used in industrial applications. The t...

2019-11-11 21:41 3205

SKF Issues its First Green Bond

GÖTEBORG, Sweden, Nov. 8, 2019 /PRNewswire/ -- SKF has, as one of the first industrial companies, issued a green bond. The bond will raiseEUR 300 million to fund eligible green projects in accordance with SKF's recently launched Green Finance Framework. SKF's green bond has received much attenti...

2019-11-08 15:51 5108

SKF Completes EUR 255m Buy-back of Bonds Maturing 2020 and 2022, Updates Financial Net

GOTHENBURG, Sweden, Nov. 7, 2019 /PRNewswire/ -- SKF has completed the buy-back ofEUR 51 million and EUR 204 million of outstanding bonds maturing in 2020 and 2022 respectively. Financial net for Q4 2019 is now expected to be approximately SEK -360 million , compared to the Group's previous guida...

2019-11-07 16:13 5404

BillerudKorsnäs and SKF Partner to Improve Performance of Karlsborg Mill

GOTHENBURG, Sweden, Nov. 4, 2019 /PRNewswire/ -- BillerudKorsnäs and SKF are partnering to reduce maintenance costs and improve production output and sustainability performance at Karlsborg Mill in Kalix,Sweden. Real-time data from a new system with 480 connected condition monitoring points at ...

2019-11-04 16:13 2746

SKF Completes Acquisition of Presenso

GOTHENBURG, Sweden, Oct. 31, 2019 /PRNewswire/ -- SKF has completed the previously announced acquisition of Presenso Ltd. Presenso is a company that develops and deploys artificial intelligence (AI)-based predictive maintenance software. Presenso's AI capability enables production plants to find...

2019-10-31 23:49 6554

Announcement of Change in the Total Number of Votes in AB SKF

GOTHENBURG, Sweden, Oct. 31, 2019 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As per 31 October the Company's share capital amounts to SEK 1,138,377,670 and the total number of sh...

2019-10-31 19:30 3755

SKF Nine-month Report 2019

GOTHENBURG, Sweden, Oct. 22, 2019 /PRNewswire/ -- Alrik Danielson, President and CEO: "SKF has managed the business well in a weakening economic environment and our efforts to reduce costs are contributing to a strong and stable operating margin in the quarter with an underlying margin of 11.3%....

2019-10-22 19:38 7499