SKF Year-end Report 2018
GOTHENBURG, Jan. 29, 2019 /PRNewswire/ -- Alrik Danielson, President and CEO: "2018 was an excellent year for SKF, with record results and a significantly strengthened balance sheet. In recognition of this, the Board has decided to propose an increased dividend ofSEK 6.00 per share to the Annual...
SKF's Year-end Results to be Published on 29 January 2019
GOTHENBURG, Sweden, Jan. 21, 2019 /PRNewswire/ -- The SKF Group will publish its full year results on29 January 2019 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...
SKF Consolidates Aerospace Manufacturing in Europe; Proposes to Close Site in Stonehouse
GOTHENBURG, Sweden, Dec. 6, 2018 /PRNewswire/ -- SKF today announces a consolidation of its aerospace manufacturing footprint inEurope. Consequently, and subject to consultation with local unions, SKF proposes to close its bearing manufacturing site in Stonehouse, UK. The Group will now enter in...
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 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...
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 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...
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...
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...
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...
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 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,...
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...
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...
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...
Annual General Meeting of AB SKF
GOTHENBURG, Sweden, March 27, 2018 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF, parent company of the SKF Group, was held inGothenburg on Tuesday, 27 March 2018. The income statements and the balance sheets were adopted, together with the Board's proposal for distribution of ...
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, ...
