Bloomberg:SKFB@SS

SKF Completes Previously Announced Divestment of L&AT Business, Resulting in a net Gain of SEK 1.2 Billion

GOTHENBURG, Sweden, Dec. 3, 2018 /PRNewswire/ -- SKF has completed the previously announced divestment of its linear and actuation technology business to Triton. The total consideration of the divestment is SEK 2.75 billion on a cash- and debt-free basis. The closing of the divestment will have...

2018-12-03 22:19 889

SKF and Daimler Settle Legal Dispute

GOTHENBURG, Sweden, Dec. 1, 2018 /PRNewswire/ -- SKF and Daimler AG (Daimler) have today entered into a settlement agreement with respect to their dispute before the regional court Nuremberg-Fuerth inGermany regarding damage claims resulting from the European Commission's decision on the violatio...

2018-12-01 01:59 1782

SKF Hosts Capital Markets Day; Continues Investment in Manufacturing Automation

GOTHENBURG, Sweden, Nov. 29, 2018 /PRNewswire/ -- SKF is today hosting a Capital Markets Day inSchweinfurt, Germany. Participants will be given an update on the Group's strategic, financial and operational development. Focus will also be placed on the Group's value propositions around the rotatin...

2018-11-29 15:31 1264

SKF Consolidates Manufacturing in China; Invests in New Facility

GOTHENBURG, Sweden, Nov. 22, 2018 /PRNewswire/ -- SKF is investing approximately SEK 200 million in improving its competitiveness and customer service levels for tapered roller bearings (TRB) inChina. The investment is being made in a new manufacturing facility in Changshan, to which the Group's e...

2018-11-22 16:00 1149

SKF Invests SEK 200 Million in St Cyr, France

GOTHENBURG, Sweden, Nov. 12, 2018 /PRNewswire/ -- SKF is investing SEK 200 million in upgrading and modernizing its logistics and bearing remanufacturing centres in St Cyr,France. The logistics centre investment improves customer service levels and lead-times by bringing component storage from a...

2018-11-12 17:33 593

SKF Nine-month Report 2018

GOTEBORG, Sweden, Oct. 25, 2018 /PRNewswire/ -- Alrik Danielson, President and CEO: "The third quarter developed as anticipated, with continued growth in both our industrial and automotive businesses. Sales grew organically by 7%, to stand atSEK 21.3 billlion. Our operating profit was SEK 2.6 bi...

2018-10-25 19:40 565

SKF's Third Quarter Results to be Published on 25 October 2018

GOTHENBURG, Sweden, Oct. 15, 2018 /PRNewswire/ -- The SKF Group will publish its results for the third quarter on25 October 2018 and welcomes investors, analysts and members of the media to take part in a conference call, which will be held in English, at 14:00 Central European Time. To join the...

2018-10-15 19:57 553

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

GOTHENBURG, Sweden, Sept. 28, 2018 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with the Company's Articles of Association, AB SKF confirms the following. As per 28 September the Company's share capital amounts to SEK 1,138,377,670 and the total number of...

2018-09-28 23:56 717

SKF Issues EUR 300 Million Bond; Updates Guidance for Financial net

GOTHENBURG, Sweden, Sept. 17, 2018 /PRNewswire/ -- SKF's new EUR 300 million bond closed today. The senior, unsecured bond matures on17 September 2025 and carries a fixed coupon interest rate of 1.25%, an historically low rate for SKF. The proceeds of the issue will be used for the refinancing of...

2018-09-17 16:21 600

Nomination Committee of AB SKF for the Annual General Meeting 2019

GOTHENBURG, Sweden, Sept. 14, 2018 /PRNewswire/ -- In accordance with a resolution taken at the Annual General Meeting of AB SKF on27 March 2018, this is to announce the representatives of the four largest shareholders by number of votes, who, together with the Chairman of the Board, constitute t...

2018-09-14 22:16 751

SKF Divests Linear and Actuation Technology Business

GOTHENBURG, Sweden, July 31, 2018 /PRNewswire/ -- SKF has signed an agreement to divest its linear and actuation technology business to Triton. The total consideration of the deal isSEK 2.75 billion, on a cash- and debt free basis and it is expected to close during the end of 2018. The divestmen...

2018-07-31 15:24 768

SKF Half-year Report 2018

GOTHENBURG, Sweden, July 19, 2018 /PRNewswire/ -- Alrik Danielson, President and CEO: "Our record start to 2018 has continued. Sales grew by 9% organically, to SEK 22.6 billion and our operating profit was SEK 2,925 million – SKF's highest reported quarterly profit to date. Our operating margin,...

2018-07-19 16:56 1207

SKF's Half-year Results to be Published on 19 July

GOTEBORG, Sweden, July 2, 2018 /PRNewswire/ -- The SKF Group will publish its half-year results on 19 July around 8.00 (Swedish time) and will host a conference call, in English, at 9:00. To join the conference call, please dial-in using the following details at least 10 minutes before the start...

2018-07-02 15:31 803

SKF and PSA Settle Legal Dispute

GÖTEBORG, Sweden, April 28, 2018 /PRNewswire/ -- SKF and Peugeot S.A., and several group companies, (PSA) have settled their dispute before the Competition Appeal Tribunal in theUnited Kingdom regarding damage claims resulting from SKF's settlement with the European Commission for violation of E...

2018-04-28 03:15 2158

SKF First Quarter Results 2018

GOTHENBURG, Sweden, April 26, 2018 /PRNewswire/ -- Alrik Danielson, President and CEO: "We have had a record start to 2018. Sales grew by 7.5% organically to SEK 20.6 billion and our reported operating profit was 2,625 million, both historical highs for SKF. Operating margin at 12.8% exceeded ou...

2018-04-26 15:12 749

SKF Annual Report 2017 Published

GOTHENBURG, Sweden, March 5, 2018 /PRNewswire/ -- AB SKF has now published its Annual Report 2017. The report focuses on how SKF creates value for customers, investors and other stakeholders and includes comprehensive financial and sustainability disclosures. Alrik Danielson, President and CEO, ...

2018-03-05 20:41 790

SKF: Notice of Annual General Meeting

GOTEBORG, Sweden, Feb. 15, 2018 /PRNewswire/ -- Notice is hereby given that the Annual General Meeting of Aktiebolaget SKF will be held at SKF Kristinedal, Byfogdegatan 4,Gothenburg, Sweden, at 13.00 on Tuesday, 27 March 2018. The doors are open from 11.00. Refreshments will be served prior to th...

2018-02-15 15:32 786

SKF Year-end Report 2017

GOTHENBURG, Sweden, Feb. 1, 2018 /PRNewswire/ -- Alrik Danielson, President and CEO:"We have had a strong finish to 2017, a year characterized by strong demand in most markets. In the fourth quarter, net sales, atSEK 19.5 billion, grew organically by over 8%, with near- double-digit growth in Aut...

2018-02-01 20:51 1763

Hans Stråberg Proposed as New Chairman of the Board of AB SKF, Colleen Repplier Proposed as New Board Member

GOTHENBURG, Sweden, Jan. 17, 2018 /PRNewswire/ -- SKF's Nomination Committee proposes Hans Stråberg as new Chairman of the Board of AB SKF. Hans Stråberg is Chairman of the Board of Atlas Copco AB, Roxtec AB, CTEK AB, Nikkarit Holding AB; Vice Chairman of the Board of Stora Enso Oyj, Orchid Ortop...

2018-01-17 15:49 898

SKF's Year-end Results to be Published on 1 February 2018

GOTHENBURG, Sweden, Jan. 16, 2018 /PRNewswire/ -- The SKF Group will publish its full year results on1 February 2018 and welcomes investors, analysts and members of the media to take part in a conference call, which will be held in English, at 14:00 (Swedish Time), 13:00 (UK Time). To join the c...

2018-01-16 16:01 1003