SKF empowers customers with AI enabled tool for addressing technical queries
GOTHENBURG, Sweden, Dec. 19, 2024 /PRNewswire/ -- SKF has launched a generative artificial intelligence (Gen AI) enabled tool named SKF Product assistant to assist customers with accessing the right technical information more efficiently. Available on the SKF website, the AI-enabled tool responds...
SKF awarded EcoVadis Platinum Medal for fifth consecutive year
GOTHENBURG, Sweden, Dec. 18, 2024 /PRNewswire/ -- SKF has been awarded a Platinum Medal by EcoVadis, one of the most trusted providers of sustainability ratings for use in supply chains, for the fifth consecutive year. The Platinum Medal is the highest level of recognition from EcoVadis and it pl...
SKF to showcase innovative solutions at the Tech and Innovation summit
GOTHENBURG, Sweden, Dec. 4, 2024 /PRNewswire/ -- SKF to unveil a broad range of products and solutions to continue serving customers with more efficient, reliable, and sustainable technologies. You are welcome to join the webcast on December 11 - 12. The Tech and Innovation summit, a one-hour virt...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Nov. 30, 2024 /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 29 November 2024 there are a total of 455,351,068 number of shares in AB SKF, out of which 29,...
SKF secures EUR 430 million financing for R&D of sustainable technologies
GOTHENBURG, Sweden, Nov. 22, 2024 /PRNewswire/ -- SKF has secured EUR 430 million financing from the European Investment Bank (EIB) with a tenor of up to ten years. The financing will support SKF's research and development (R&D) to increase the focus on high-growth segments and accelerate the des...
SKF confirms dates for CFO transition
GOTHENBURG, Sweden, Nov. 20, 2024 /PRNewswire/ -- As previously announced, Susanne Larsson will join SKF as the new Chief Financial Officer and Senior Vice President, Group Finance, succeeding Niclas Rosenlew. It is now confirmed that she will start on17 February 2025. Niclas will work his last ...
SKF completes acquisition of John Sample Group
GOTHENBURG, Sweden, Oct. 31, 2024 /PRNewswire/ -- SKF has completed the previously announced acquisition of John Sample Group's (JSG) Lubrication and Flow Management businesses. JSG is a well-established lubrication system and full-service solutions provider founded in 1921. "We're glad to welco...
SKF interim report Q3 2024: Solid margin and strong cash flow in weak markets
GOTHENBURG, Sweden, Oct. 30, 2024 /PRNewswire/ -- Q3 2024 Net sales: SEK 23,692 million (25,771) Organic growth: −4.4% (−0.6%), driven by lower market demand across most regions and industries. Adjusted operating profit: SEK 2,821 million (2,956). Continued strong price/mix contribution, driven b...
SKF divests non-core aerospace operation for USD 220 million
GOTHENBURG, Sweden, Oct. 30, 2024 /PRNewswire/ -- SKF is committed to creating a more focused and resilient company to serve its customers even better and accelerate profitable growth. As part of the decision from the Group's strategic review of its aerospace business, communicated on27 October 2...
SKF to publish Q3 report on 30 October
GOTHENBURG, Sweden, Oct. 16, 2024 /PRNewswire/ -- SKF will publish its Q3 results for 2024 on 30 October at approximately 07:00 (CET). Investors, analysts and media are invited to join a webcast, which will be held in English, at 08:00 (CET). To join the webcast, please login at least 10 minutes...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Sept. 30, 2024 /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 30 September 2024, there are a total of 455,351,068 shares in AB SKF, out of which 29,235,93...
SKF initiates a separation of its Automotive business
GOTHENBURG, Sweden, Sept. 17, 2024 /PRNewswire/ -- The Board of Directors of SKF has decided to initiate a separation of its Automotive business with the objective of a separate listing on Nasdaq Stockholm through a Lex Asea distribution to its shareholders. The intention is to list the Automotiv...
Nomination Committee of AB SKF for the Annual General Meeting 2025
GOTHENBURG, Sweden, Sept. 11, 2024 /PRNewswire/ -- In accordance with the Nomination Committee Charter adopted at the Annual General Meeting of AB SKF, the members, who, together with the Chair of the Board, constitutes the Nomination Committee in preparation of the Annual General Meeting 2025 ha...
SKF announces changes to Group Management
GOTHENBURG, Sweden, Sept. 3, 2024 /PRNewswire/ -- SKF announces the appointment ofSusanne Larsson as Senior Vice President and Chief Financial Officer of SKF Group. Susanne will join SKF, at the latest, in the beginning ofMarch 2025. This follows the previous announcement that Niclas Rosenlew, th...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Aug. 30, 2024 /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 30 August 2024, there are a total of 455,351,068 shares in AB SKF, out of which 29,265,933 sha...
SKF announces changes to Group Management
GOTHENBURG, Sweden, July 23, 2024 /PRNewswire/ -- Niclas Rosenlew, Senior Vice President and CFO of SKF Group has decided to leave the company and will continue his career outside SKF. Niclas will remain in his current position at SKF untilJanuary 2025. "On behalf of SKF I would like to thank Ni...
SKF interim report Q2 2024: Margin resilience in continued soft markets
GOTHENBURG, Sweden, July 18, 2024 /PRNewswire/ -- Q2 2024 Net sales: SEK 25,606 million (27,123) Organic growth: −6.6% (7.9%), driven by lower market demand across regions and industries, except for aerospace and railway showing continuous growth. Adjusted operating profit: SEK 3,324 million (3,...
SKF and voestalpine reach milestone to decarbonize bearing production
GOTHENBURG, Sweden, July 10, 2024 /PRNewswire/ -- SKF and voestalpine Wire Technology, a subsidiary of the leading steel and technology group voestalpine, have successfully produced the first prototype bearing made from steel that contains hydrogen direct reduced iron (H-DRI). This represents a b...
SKF Half-year report to be published on 18 July
GOTHENBURG, Sweden, July 8, 2024 /PRNewswire/ -- SKF will publish its Half-year results for 2024 on 18 July at approximately 07:00 (CEST). Investors, analysts, and media are invited to join a webcast, which will be held in English, at 08:00 (CEST). To join the webcast, please login at least 10 m...
SKF to showcase new solutions with significant customer value at its first-ever Tech & Innovation Summit
SKF strengthens its innovation commitment with new intelligent and clean solutions to help industrial customers achieve their business needs and pursue their sustainability goals. GOTHENBURG, Sweden, June 17, 2024 /PRNewswire/ -- SKF is presenting its technologically innovative solutions tailore...
