Nancy Gougarty Resigns From the Board of AB SKF
GOTHENBURG, Sweden, Oct. 8, 2019 /PRNewswire/ -- Nancy Gougarty has decided to leave the Board of AB SKF for personal reasons as a result of having been the subject of the U.S. Securities and Exchange Commission proceedings concerning violations of the U.S. Foreign Corrupt Practices Act, unrelate...
Announcement of Change in the Total Number of Votes in AB SKF
GOTHENBURG, Sweden, Sept. 30, 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 30 September the Company's share capital amounts to SEK 1,138,377,670 and the total number of...
SKF Half-year Report 2019
GOTHENBURG, Sweden, July 17, 2019 /PRNewswire/ -- Alrik Danielson, President and CEO: "Our efforts to keep costs under control are showing results, in a market with lower demand. Operating profit for the second quarter wasSEK 2,539 million , including costs for restructuring and impairments of 31...
Announcement of Change in the Total Number of Votes in AB SKF
GOTHENBURG, Sweden, June 28, 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 28 June the Company's share capital amounts to SEK 1,138,377,670 and the total number of share...
SKF to Publish Half-year Results on 17 July
GOTEBORG, Sweden, June 27, 2019 /PRNewswire/ -- SKF will publish its half-year results for 2019 on17 July 2019 at approximately 8:00 (CET). Investors, analysts and media are invited to join a conference call, which will be held in English, at 9:00 (CET). To join the conference call, please dial...
SKF Acquires Cleantech Start-up Company
GOTHENBURG, Sweden, June 20, 2019 /PRNewswire/ -- SKF has acquired RecondOil Sweden AB, a Swedish cleantech start-up that has developed a chemical filtration and rejuvenation process for industrial lubrication fluid and slop oil. RecondOil's turnover in 2017 was SEK 10 million and the acquisitio...
SKF Invests SEK 450 Million in Deep Groove Ball Bearing Manufacturing
Staff reductions connected to automation investments in Bari will result in restructuring costs of approximatelySEK 140 million in the second quarter of 2019 GOTEBORG, Sweden, June 19, 2019 /PRNewswire/ -- SKF is investing approximately SEK 450 million in improving the competitiveness of its deep...
Announcement of Change in the Total Number of Votes in AB SKF
GOTHENBURG, Sweden, May 29, 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 29 May the Company's share capital amounts to SEK 1,138,377,670 and the total number of shares ...
SKF Appoints Niclas Rosenlew New CFO
GOTHENBURG, Sweden, April 30, 2019 /PRNewswire/ -- Niclas Rosenlew has been appointed Senior Vice President and CFO of AB SKF. Niclas will start his new position on17 June 2019 and replaces Christian Johansson, who leaves SKF with immediate effect, to pursue his career outside the company. Nicla...
SKF First-quarter Report 2019
GOTEBORG, Sweden, April 25, 2019 /PRNewswire/ -- Alrik Danielson, President and CEO: "Demand in the first quarter developed in line with our expectations. Net sales reachedSEK 21.3 billion and organic sales were relatively unchanged compared to last year. Operating profit, atSEK 2.7 billion, wa...
SKF to Publish First Quarter Results on 25 April
GOTHENBURG, Sweden, April 12, 2019 /PRNewswire/ -- The SKF Group's results for the first quarter will be published around 8:00 (CET) on25 April 2019. Investors, analysts and media are invited to join a conference call, which will be held in English, at 9:00 (CET). To join the conference call, pl...
Annual General Meeting of AB SKF
GOTHENBURG, Sweden, March 28, 2019 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF, parent company of the SKF Group, was held inGothenburg on Thursday,28 March 2019. The income statements and the balance sheets were adopted, together with the Board's proposal for distribution of d...
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...
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...
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...
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...
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...
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...
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...
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...
