Bloomberg:SKFB@SS

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 16:21 529

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 22:16 685

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 15:24 687

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 1085

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 15:31 737

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 2087

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 15:12 689

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 20:41 724

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 15:32 747

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 1530

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 15:49 815

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 16:01 884

Announcement of Change in Total Number of Votes in AB SKF

GOTHENBURG, Sweden, Dec. 29, 2017 /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 29 December the Company's share capital amounts to SEK 1,138,377,670 and the total number of ...

2017-12-29 15:59 946

SKF and ArcelorMittal Sign Framework Agreement

GOTHENBURG, Sweden, Dec. 19, 2017 /PRNewswire/ -- Multi-year agreement sees SKF supply steel mills across 14 countries inEurope and Northern Africa SKF and ArcelorMittal have signed a multi-year framework agreement. As part of the agreement, SKF will supply ArcelorMittal with bearings, bearing un...

2017-12-19 15:48 879

SKF Nine-month Report 2017

GOTHENBURG, Sweden, Oct. 31, 2017 /PRNewswire/ -- Alrik Danielson, President and CEO: "The third quarter was characterized by continued organic growth and operating margin improvement. Net sales, at SEK 18.6 billion, increased organically by 8%. The industrial business grew by 9.5%, with stron...

2017-10-31 21:13 1113

SKF Consolidates Industrial Seals Manufacturing Footprint in North America

GÖTEBORG, Sweden, October 25, 2017 /PRNewswire/ -- SKF intends to consolidate its North American industrial seals manufacturing footprint. As part of the process, SKF intends to close its manufacturing site inSeneca, Kansas. Production will be transferred to other sites in North America , the dev...

2017-10-25 01:48 694

SKF's Third Quarter Results to be Published on 31 October 2017

GOTHENBURG, Sweden, Oct. 17, 2017 /PRNewswire/ -- The SKF Group will publish its results for the third quarter on 31 October 2017 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 t...

2017-10-17 16:28 713

Nomination Committee of AB SKF for the Annual General Meeting 2018

GOTHENBURG, Sweden, Sept. 14, 2017 /PRNewswire/ -- In accordance with a resolution taken at the Annual General Meeting of AB SKF on29 March 2017, 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...

2017-09-14 19:03 1431

SKF Makes Changes to Group Management

GOTHENBURG, Sweden, Sept. 8, 2017 /PRNewswire/ -- SKF is making the following changes to its Group Management, effective immediately. Kent Viitanen is appointed President, Bearing Operations. Kent was previously Senior Vice President, Group People, Communication andQuality. Kent joined SKF in 19...

2017-09-08 18:51 2637

SKF and BMW Settle Legal Dispute

GOTHENBURG, Sweden, Aug. 3, 2017 /PRNewswire/ -- SKF and BMW have settled their dispute pending before the High Court of Justice inLondon, United Kingdom, regarding damage claims resulting from SKF's settlement with the European Commission for violation of European competition rules. BMW initiat...

2017-08-03 14:11 1619
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