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'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 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 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...
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...
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...
SKF Half-year Report 2017
GOTHENBURG, Sweden, July 21, 2017 /PRNewswire/ -- Alrik Danielson, President and CEO: "The second quarter saw strong organic growth and an improved operating margin. Sales development was positive in all regions, as underlying industrial activity and investments increased. Net sales, at SEK 20....
SKF Divests Reelcraft
GOTHENBURG, Sweden, June 16, 2017 /PRNewswire/ -- SKF has signed an agreement, subject to regulatory approvals, to divest Reelcraft, a manufacturer of hose, cord and cable reels for industrial applications, to Madison Industries. The total consideration of the divestment is USD 115 million on a c...
SKF First Quarter Report 2017
GOTHENBURG, Sweden, April 27, 2017 /PRNewswire/ -- Alrik Danielson, President and CEO: "The first quarter of the year has seen continued growth, an improved operating margin and continued debt reduction. The increase in demand strengthened gradually during the quarter. Net sales, at 19.6 billio...
SKF's First Quarter Results to be Published on 27 April 2017
GOTHENBURG, Sweden, April 20, 2017 /PRNewswire/ -- The SKF Group will publish its results for the first quarter on27 April 2017 and welcomes investors, analysts and members of the media to take part in a conference call, which will be held in English, at 09:00 (CET), 08:00 (UK time). To join the...
