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...
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...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, May 31, 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 31 May 2024, the Company's share capital amounts to SEK 1,138,377,670 and the total number of s...
SKF First-quarter report 2024: A more resilient and competitive SKF
GÖTEBORG, Sweden, April 26, 2024 /PRNewswire/ -- Rickard Gustafson, President and CEO: "Our first quarter performance marked another step towards a more resilient and competitive SKF. In soft market conditions, we delivered a strong adjusted operating margin of 13.4%, somewhat ahead of Q1 2023....
SKF's first quarter results to be published on 26 April
GOTHENBURG, Sweden, April 12, 2024 /PRNewswire/ -- SKF will publish its first quarter results for 2024 on26 April 2024 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 ...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, March 28, 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 28 March 2024, the Company's share capital amounts to SEK 1,138,377,670 and the total number ...
Annual General Meeting of AB SKF
GOTHENBURG, Sweden, March 27, 2024 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF was held on Tuesday,26 March 2024. The income statements and the balance sheets were adopted, together with the Board's proposal for distribution of dividend. A dividend ofSEK 7.50 per share was app...
SKF joins new research and innovation project aiming to eliminate greenhouse gas emissions
GOTHENBURG, Sweden, March 25, 2024 /PRNewswire/ -- SKF has decided to join and co-fund Mission 0 to contribute to the development of groundbreaking technologies and deliver solutions to eliminate greenhouse gas (GHG) emissions in materials, production and end-of-life of passenger cars. In an init...
SKF joins new research and innovation project aiming to eliminate Greenhouse gas emissions
GOTHENBURG, Sweden, March 25, 2024 /PRNewswire/ -- SKF has decided to join and co-fund Mission 0 to contribute to the development of groundbreaking technologies and deliver solutions to eliminate greenhouse gas (GHG) emissions in materials, production and end-of-life of passenger cars. In an init...
Changes in Group Management to continue to drive profitable growth in the ISEA region
GOTHENBURG, Sweden, March 20, 2024 /PRNewswire/ -- SKF announces the appointment ofMukund Vasudevan as President, Industrial Region India and Southeast Asia (ISEA). In his role, Mukund will be responsible for continuing SKF's strategic transformation and profitable growth journey in the expansive...
SKF Annual Report 2023 published online; on track to deliver on 2030 sustainability target
GOTHENBURG, Sweden, March 4, 2024 /PRNewswire/ -- AB SKF's Annual Report 2023 has today been published on the Group's website. The Report highlights SKF's strategic transformation journey and financial performance, as well as how the Group's business model and strategy are designed to maximize va...
Notice of Annual General Meeting
GOTHENBURG, Sweden, Feb. 20, 2024 /PRNewswire/ -- Notice is hereby given that the Annual General Meeting of Aktiebolaget SKF will be held at Radisson Blu Scandinavia Hotel, Södra Hamngatan 59,Gothenburg, Sweden, at 14.00 on Tuesday, 26 March 2024. The doors are open from 13.00. Light refreshments...
Changes in Group Management to accelerate strategic transformation and profitable growth
GOTHENBURG, Sweden, Feb. 6, 2024 /PRNewswire/ -- As a consequence of SKF accelerating its strategic transformation to drive profitable growth, the leadership in two of the industrial regions, Americas andIndia and Southeast Asia, will change with immediate effect. "In times of transformation, ad...
SKF recognized with 'A' score from CDP for transparency on climate change
GOTHENBURG, Sweden, Feb. 6, 2024 /PRNewswire/ -- SKF has received an 'A', the top Climate Change rating available from CDP, the global non-profit that runs the world's largest climate and environmental disclosure system for companies, cities, states and regions. Based on data reported to CDP, SKF...
SKF Year-end report 2023: Strategy execution yielding strong performance
GÖTEBORG, Sweden, Jan. 31, 2024 /PRNewswire/ -- Q4 2023 Net sales: SEK 24,438 million (25,361) Organic growth: -1.9% (9.7%) Adjusted operating profit/margin:SEK 2,929 million, 12.0% (2,542, 10.0%) Full year 2023 Net sales: SEK 103,881 million (96,933) Organic growth: 3.7% (8.1%) Adjusted opera...
