SKF Year-end Report 2019
GOTHENBURG, Sweden, Feb. 4, 2020 /PRNewswire/ -- Alrik Danielson, President and CEO: "2019 has been a solid year for SKF. We saw stable demand during the first half of the year. During the last six months, we maintained a strong operating result, despite falling demand. A consistent focus on co...
Håkan Buskhe and Susanna Schneeberger Proposed as New Board Members of AB SKF
GOTHENBURG, Sweden, Jan. 31, 2020 /PRNewswire/ -- SKF's Nomination Committee proposes Håkan Buskhe andSusanna Schneeberger as new Board members of AB SKF. Håkan Buskhe will assume the role as CEO of FAM AB. His previous senior positions include CEO of E.ON Nordic AB and, most recently, CEO of Sa...
SKF's Year-end Results to be Published on 4 February 2020
GOTHENBURG, Sweden, Jan. 17, 2020 /PRNewswire/ -- The SKF Group will publish its year-end results on4 February 2020 at approximately 13:00 (CET). Investors, analysts and media are invited to take part in a conference call, which will be held in English, at 14:00 (CET). To join the conference ca...
SKF's Capital Markets Day Will be Held on 4 November 2020
GOTHENBURG, Sweden, Dec. 20, 2019 /PRNewswire/ -- In November 2020, SKF will arrange its Capital Markets Day in co-ordination with Sandvik and Volvo Group. The capital markets days will include visits to Sandvik and SKF sites inAustria and to Volvo inGothenburg, Sweden. SKF's Capital Markets Day...
Gerdau and SKF in Agreement to Improve Productivity at Brazilian Steel Mills
GOTHENBURG, Sweden, Dec. 6, 2019 /PRNewswire/ -- Gerdau and SKF have signed a fee-based agreement aimed at increasing productivity and reducing unplanned downtime at Gerdau's Charqueadas and Araçariguama steel mills inBrazil. The agreement will see SKF provide a full range of products, including...
SKF Acquires Software Development Start-up
GOTHENBURG, Sweden, Nov. 11, 2019 /PRNewswire/ -- SKF has completed the acquisition of Form Automation Solutions (FAS), a US-based software development start-up company. FAS has developed GoPlant, a mobile-based asset inspection and data collection solution used in industrial applications. The t...
SKF Issues its First Green Bond
GÖTEBORG, Sweden, Nov. 8, 2019 /PRNewswire/ -- SKF has, as one of the first industrial companies, issued a green bond. The bond will raiseEUR 300 million to fund eligible green projects in accordance with SKF's recently launched Green Finance Framework. SKF's green bond has received much attenti...
SKF Completes EUR 255m Buy-back of Bonds Maturing 2020 and 2022, Updates Financial Net
GOTHENBURG, Sweden, Nov. 7, 2019 /PRNewswire/ -- SKF has completed the buy-back ofEUR 51 million and EUR 204 million of outstanding bonds maturing in 2020 and 2022 respectively. Financial net for Q4 2019 is now expected to be approximately SEK -360 million , compared to the Group's previous guida...
BillerudKorsnäs and SKF Partner to Improve Performance of Karlsborg Mill
GOTHENBURG, Sweden, Nov. 4, 2019 /PRNewswire/ -- BillerudKorsnäs and SKF are partnering to reduce maintenance costs and improve production output and sustainability performance at Karlsborg Mill in Kalix,Sweden. Real-time data from a new system with 480 connected condition monitoring points at ...
Announcement of Change in the Total Number of Votes in AB SKF
GOTHENBURG, Sweden, Oct. 31, 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 31 October the Company's share capital amounts to SEK 1,138,377,670 and the total number of sh...
SKF Nine-month Report 2019
GOTHENBURG, Sweden, Oct. 22, 2019 /PRNewswire/ -- Alrik Danielson, President and CEO: "SKF has managed the business well in a weakening economic environment and our efforts to reduce costs are contributing to a strong and stable operating margin in the quarter with an underlying margin of 11.3%....
SKF to Publish Nine-months Results on 22 October
GOTHENBURG, Sweden, Oct. 9, 2019 /PRNewswire/ -- SKF will publish its nine-months results for 2019 on22 October 2019 at approximately 13:00 (CET). Investors, analysts and media are invited to join a conference call, which will be held in English, at 14:00 (CET). To join the conference call, ple...
SKF Acquires Industrial AI Company
GOTHENBURG, Sweden, Oct. 8, 2019 /PRNewswire/ -- SKF has signed an agreement to acquire Presenso Ltd., a company that develops and deploys artificial intelligence (AI)-based predictive maintenance software. Presenso's AI capability enables production plants to find and act on anomalies that were ...
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...
