OTC:SKUFF

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...

2019-07-17 14:39 13615

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...

2019-06-28 15:33 15836

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...

2019-06-27 16:53 8084

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...

2019-06-20 17:44 15685

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...

2019-06-19 14:23 7548

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 ...

2019-05-29 20:25 11389

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...

2019-04-30 14:37 6382

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...

2019-04-25 14:46 7206

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...

2019-04-12 18:11 6583

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...

2019-03-28 22:42 6635

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...

2019-01-21 16:03 7966

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...

2018-12-03 22:19 2204

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...

2018-11-29 15:31 2532

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...

2018-11-22 16:00 2495

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...

2018-10-15 19:57 1741

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...

2018-09-17 16:21 1905

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...

2018-09-14 22:16 2045

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...

2018-07-31 15:24 2073

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...

2018-07-02 15:31 2035

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...

2018-04-26 15:12 1948
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