SKF to showcase new solutions with significant customer value at its first-ever Tech & Innovation Summit
SKF strengthens its innovation commitment with new intelligent and clean solutions to help industrial customers achieve their business needs and pursue their sustainability goals. GOTHENBURG, Sweden, June 17, 2024 /PRNewswire/ -- SKF is presenting its technologically innovative solutions tailore...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, May 31, 2024 /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 May 2024, the Company's share capital amounts to SEK 1,138,377,670 and the total number of s...
SKF First-quarter report 2024: A more resilient and competitive SKF
GÖTEBORG, Sweden, April 26, 2024 /PRNewswire/ -- Rickard Gustafson, President and CEO: "Our first quarter performance marked another step towards a more resilient and competitive SKF. In soft market conditions, we delivered a strong adjusted operating margin of 13.4%, somewhat ahead of Q1 2023....
SKF's first quarter results to be published on 26 April
GOTHENBURG, Sweden, April 12, 2024 /PRNewswire/ -- SKF will publish its first quarter results for 2024 on26 April 2024 at approximately 07:00 (CEST). Investors, analysts and media are invited to join a webcast, which will be held in English, at 08:00 (CEST). To join the webcast, please login at ...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, March 28, 2024 /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 March 2024, the Company's share capital amounts to SEK 1,138,377,670 and the total number ...
Annual General Meeting of AB SKF
GOTHENBURG, Sweden, March 27, 2024 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF was held on Tuesday,26 March 2024. The income statements and the balance sheets were adopted, together with the Board's proposal for distribution of dividend. A dividend ofSEK 7.50 per share was app...
SKF joins new research and innovation project aiming to eliminate greenhouse gas emissions
GOTHENBURG, Sweden, March 25, 2024 /PRNewswire/ -- SKF has decided to join and co-fund Mission 0 to contribute to the development of groundbreaking technologies and deliver solutions to eliminate greenhouse gas (GHG) emissions in materials, production and end-of-life of passenger cars. In an init...
SKF joins new research and innovation project aiming to eliminate Greenhouse gas emissions
GOTHENBURG, Sweden, March 25, 2024 /PRNewswire/ -- SKF has decided to join and co-fund Mission 0 to contribute to the development of groundbreaking technologies and deliver solutions to eliminate greenhouse gas (GHG) emissions in materials, production and end-of-life of passenger cars. In an init...
Changes in Group Management to continue to drive profitable growth in the ISEA region
GOTHENBURG, Sweden, March 20, 2024 /PRNewswire/ -- SKF announces the appointment ofMukund Vasudevan as President, Industrial Region India and Southeast Asia (ISEA). In his role, Mukund will be responsible for continuing SKF's strategic transformation and profitable growth journey in the expansive...
SKF Annual Report 2023 published online; on track to deliver on 2030 sustainability target
GOTHENBURG, Sweden, March 4, 2024 /PRNewswire/ -- AB SKF's Annual Report 2023 has today been published on the Group's website. The Report highlights SKF's strategic transformation journey and financial performance, as well as how the Group's business model and strategy are designed to maximize va...
Notice of Annual General Meeting
GOTHENBURG, Sweden, Feb. 20, 2024 /PRNewswire/ -- Notice is hereby given that the Annual General Meeting of Aktiebolaget SKF will be held at Radisson Blu Scandinavia Hotel, Södra Hamngatan 59,Gothenburg, Sweden, at 14.00 on Tuesday, 26 March 2024. The doors are open from 13.00. Light refreshments...
Changes in Group Management to accelerate strategic transformation and profitable growth
GOTHENBURG, Sweden, Feb. 6, 2024 /PRNewswire/ -- As a consequence of SKF accelerating its strategic transformation to drive profitable growth, the leadership in two of the industrial regions, Americas andIndia and Southeast Asia, will change with immediate effect. "In times of transformation, ad...
SKF recognized with 'A' score from CDP for transparency on climate change
GOTHENBURG, Sweden, Feb. 6, 2024 /PRNewswire/ -- SKF has received an 'A', the top Climate Change rating available from CDP, the global non-profit that runs the world's largest climate and environmental disclosure system for companies, cities, states and regions. Based on data reported to CDP, SKF...
SKF Year-end report 2023: Strategy execution yielding strong performance
GÖTEBORG, Sweden, Jan. 31, 2024 /PRNewswire/ -- Q4 2023 Net sales: SEK 24,438 million (25,361) Organic growth: -1.9% (9.7%) Adjusted operating profit/margin:SEK 2,929 million, 12.0% (2,542, 10.0%) Full year 2023 Net sales: SEK 103,881 million (96,933) Organic growth: 3.7% (8.1%) Adjusted opera...
SKF secures 100% renewable electricity in the U.S. and Canada
GOTHENBURG, Sweden, Jan. 30, 2024 /PRNewswire/ -- SKF has reached a significant sustainability milestone by entering two Renewable Energy Certificate (REC) purchase agreements inNorth America. This will enable SKF factories and facilities in the U.S. andCanada to achieve 100% renewable electricit...
Nomination Committee's proposal for Board of Directors of AB SKF
GOTHENBURG, Sweden, Jan. 23, 2024 /PRNewswire/ -- SKF's Nomination Committee proposes re-election of the board members Hans Stråberg, Hock Goh,Geert Follens , Håkan Buskhe,Susanna Schneeberger, Rickard Gustafson, Beth Ferreira, Therese Friberg, Richard Nilsson and Niko Pakalén. Hans Stråberg is p...
SKF Awarded EcoVadis Platinum Rating for fourth year running
GOTHENBURG, Sweden, Jan. 22, 2024 /PRNewswire/ -- SKF has been awarded a Platinum Medal by EcoVadis, one of the most trusted providers of sustainability ratings for use in supply chains. This prestigious recognition places SKF in the top 1% among the more than 100,000 companies assessed worldwide...
SKF to publish full-year results on 31 January
GOTHENBURG, Sweden, Jan. 17, 2024 /PRNewswire/ -- SKF will publish its full-year results for 2023 on31 January 2024 at approximately 07:00 (CET). Investors, analysts and media are invited to join a webcast, which will be held in English, at 08:00 (CET). To join the webcast, please login at lea...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Dec. 29, 2023 /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 December 2023, the Company's share capital amounts to SEK 1,138,377,670 and the total numbe...
SKF increases localization rate in the Americas and Asia; closes factory in Busan, Korea
GOTHENBURG, Sweden, Dec. 1, 2023 /PRNewswire/ -- SKF today announces a transfer of the supply of products from the factory inBusan, Korea, to China, India and Mexico. This is another step in the continuous execution of the Group's strategy, where regionalization is an important part. Consequently...
