SKF invests in strengthened competitiveness in North America
GOTHENBURG, Sweden, Sept. 22, 2020 /PRNewswire/ -- SKF is investing approximatelySEK 550 million in strengthening its manufacturing footprint and competitiveness inNorth America. Approximately SEK 350 million is being invested in expanding and automating manufacturing processes at the Group's f...
SKF and Deacero in fee-based partnership to improve performance
GOTEBORG, Sweden, Sept. 21, 2020 /PRNewswire/ -- SKF is partnering with Deacero, the Mexican steel manufacturer, to improve performance and reduce downtime at their steel rolling mill inCelaya. The partnership is built on a fee-based set-up covering bearings, bearing remanufacturing, maintenanc...
Nomination Committee of AB SKF for the Annual General Meeting 2021
GOTHENBURG, Sweden, Sept. 15, 2020 /PRNewswire/ -- In accordance with a resolution taken at the Annual General Meeting of AB SKF on26 March 2020, 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 Half-year report 2020: Continued very strong operating result, despite sharp fall in demand
GOTHENBURG, Sweden, July 21, 2020 /PRNewswire/ -- Alrik Danielson, President and CEO: "We have delivered another very strong operating result, despite sales falling by 25% during the second quarter. This performance allowed us to continue to build a stronger SKF, maintaining high levels of inves...
SKF's Capital Markets Day on 4 November 2020 Will be Digital
GOTHENBURG, Sweden, July 13, 2020 /PRNewswire/ -- SKF welcomes institutional investors, financial analysts and financial media to the Group's first virtual Capital Markets Day which, as previously announced, will be held on 4 November. During this digital event, participants will get updates from...
SKF Announces Changes to Group Management
GOTHENBURG, Sweden, June 30, 2020 /PRNewswire/ -- Bernd Stephan, President, Automotive and Aerospace, has stepped down from his role in Group Management for health reasons. Responsibility for Automotive sales and the Aerospace business unit has been assumed on an interim basis byAlrik Danielson,...
SKF Invests Further SEK 400 Million in Ball Bearing Manufacturing in China
GOTHENBURG, Sweden, June 17, 2020 /PRNewswire/ -- SKF is making further investments in strengthening its manufacturing footprint inChina for ball bearings. The investment is in-line with the Group's region-for-region manufacturing strategy. The Group announced a SEK 370 million investment in a n...
SKF Issues SEK 3 Billion Bond
GOTHENBURG, Sweden, June 3, 2020 /PRNewswire/ -- Today, SKF has issued a bond of SEK 3 billion with a four-year maturity, which expires on 10 June 2024. The bond was issued in two tranches withSEK 2,100 million at a floating interest rate based on 3 month Stibor with a premium of 1% andSEK 900 mil...
SKF Factories to be Carbon Neutral by 2030
GOTHENBURG, Sweden, June 2, 2020 /PRNewswire/ -- Since 2015, SKF has decreased its manufacturing carbon footprint by 36% and is already operating two carbon neutral factories. Today, SKF announces its aim to achieve a fully carbon neutral manufacturing footprint by 2030. The 2030 target will cov...
SKF First Quarter Report 2020: Continuing to Deliver Strong Results and Cash Flow
GOTHENBURG, Sweden, April 23, 2020 /PRNewswire/ -- Alrik Danielson, President and CEO: "We have delivered another very strong set of results, despite falling demand connected to the Covid-19 pandemic. Our cash flow generation and financial liquidity continues to be strong. We have continued to ...
SKF to Publish First Quarter Results on 23 April
GOTHENBURG, Sweden, April 9, 2020 /PRNewswire/ -- The SKF Group will publish its first quarter results at approximately 07:00 (CEST) on23 April 2020. As of this quarter, SKF will report adjusted operating profit and operating margin at Group and customer segment level (Industrial and Automotive)....
SKF Announces Changes to Group Management
GOTHENBURG, Sweden, March 27, 2020 /PRNewswire/ -- Carina Bergfelt, General Counsel and Senior Vice President, Group People, Communication and Legal, will step down from Group Management from31 August 2020. Carina joined SKF in 1990 and has been a member of Group Management since 1996. As a resu...
Annual General Meeting of AB SKF
GOTHENBURG, Sweden, March 26, 2020 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF, parent company of the SKF Group, was held inGothenburg on Thursday,26 March 2020. The income statements and the balance sheets were adopted, together with the Board's proposal for distribution of d...
AB SKF's Board of Directors Proposes Changed Dividend
GÖTEBORG, Sweden, March 24, 2020 /PRNewswire/ -- As a precautionary measure in this uncertain economic environment, the Board of Directors of AB SKF has decided to propose to the Annual General Meeting that the dividend be changed fromSEK 6.25 per share to SEK 3.00 per share. The Board's curren...
SKF Takes Steps to Reduce Impact of Initiatives from Authorities and Customers
GOTHENBURG, Sweden, March 20, 2020 /PRNewswire/ -- The industries and regions in which SKF operates are being impacted by initiatives by authorities and SKF's customers related to the spread of the Covid-19 virus. As a result of this significant level of uncertainty, SKF is taking major steps to...
SKF Annual General Meeting - Precautionary Measures Because of Covid-19
GOTHENBURG, Sweden, March 17, 2020 /PRNewswire/ -- As a result of the current spread of the Covid-19 virus, SKF is making the following changes to its Annual General Meeting on 26 March: * The Annual General Meeting will start as planned at 13:00. The doors will be open from 12:15 and not 11:0...
SKF Annual Report 2019 Published
GOTEBORG, Sweden, March 4, 2020 /PRNewswire/ -- AB SKF's Annual Report 2019 has today been published on the Group's website. The report focuses on SKF's operations and value creation for customers, employees, shareholders, the environment and surrounding communities. Sustainability is embedded i...
Announcement of Change in the Total Number of Votes in AB SKF
GOTHENBURG, Sweden, Feb. 28, 2020 /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 February, the Company's share capital amounts to SEK 1,138,377,670 and the total number of ...
SKF Increases Shift Towards Carbon Neutral Manufacturing
GOTHENBURG, Sweden, Feb. 20, 2020 /PRNewswire/ -- SKF's automotive bearing factory in Tudela,Spain, has become the Group's second manufacturing site to achieve carbon neutral status. Together with the Steyr factory inAustria, which manufactures a range of bearings for industrial uses, the two fac...
SKF: Notice of Annual General Meeting
GOTEBORG, Sweden, Feb. 17, 2020 /PRNewswire/ -- Gothenburg, 17 February 2020: Notice is hereby given that the Annual General Meeting of Aktiebolaget SKF, reg. no. 556007-3495, will be held at SKF Kristinedal, Byfogdegatan 4,Gothenburg, Sweden, at 13.00 on Thursday, 26 March 2020. The doors are o...
