After COP30 - SKF brings industry together to accelerate sustainable transformation
GOTHENBURG, Sweden, Nov. 26, 2025 /PRNewswire/ -- Following a successful participation at the UN Climate ConferenceCOP30 in Belém, Brazil, where SKF's circular technologies and remanufacturing solutions were recognized as winners of SBCOP's Best Cases, SKF is now taking the next step to accelerat...
SKF hosts Capital Markets Day; announces updated strategy and new financial targets
GOTHENBURG, Sweden, Nov. 11, 2025 /PRNewswire/ -- SKF is hosting its Capital Markets Day inStockholm today. At the event, deeper insights are provided into the strategic direction of both the Industrial and the Automotive businesses post the planned separation of Automotive from SKF Group. Given ...
SKF presents a novel bearing steel designed to enable the next generation of aeroengine technology
GOTHENBURG, Sweden, Nov. 6, 2025 /PRNewswire/ -- SKF continues to re-imagine intelligent and clean rotation with the development of an innovative temperature-resistant, corrosion-tolerant steel for aeroengine bearings called ARCTIC15. With the Aerospace industry striving to reach net zero emissi...
SKF Q3 2025: Improved margin in challenging market conditions
GOTHENBURG, Sweden, Oct. 29, 2025 /PRNewswire/ -- Q3 2025 * Net sales: MSEK 22,482 (23,692) * Organic growth: 2.0% (−4.4%), driven by organic sales growth for the Industrial business, partly offset by negative market demand for the Automotive business. * Adjusted operating profit: MSEK 2,...
SKF reorganizes its operations in Argentina by discontinuing production at Tortuguitas plant
GOTHENBURG, Sweden, Oct. 27, 2025 /PRNewswire/ -- SKF continues to adapt its manufacturing operations to concentrate production in facilities with higher levels of technology, innovation, and scale. As part of this strategy aimed at optimizing its operations worldwide, SKF today announces the dec...
SKF launches SKF Ventures to accelerate innovation and unlock future growth opportunities
GOTHENBURG, Sweden, Oct. 23, 2025 /PRNewswire/ -- SKF announces the launch of SKF Ventures, a new initiative aimed at accelerating innovation, exploring emerging technologies, and developing future-oriented industrial solutions. The initiative supports SKF's strategic direction and reinforces its...
SKF at COP30: The world can't afford friction - it's time to scale what works
GOTHENBURG, Sweden, Oct. 20, 2025 /PRNewswire/ -- SKF will be attending COP30, held in Belém,Brazil in November 2025, to drive systemic change and progress through collaboration. A resilient industry demands open, systematic collaboration. SKF sees friction every day, in mindsets, metrics, and b...
SKF to publish Q3 report on 29 October
GOTHENBURG, Sweden, Oct. 10, 2025 /PRNewswire/ -- SKF will publish its Q3 results for 2025 on 29 October at approximately 07:30 (CET). Investors, analysts and media are invited to join an audio webcast, which will be held in English, at 09:00 (CET). To join the webcast, please login at least 10 ...
SKF redesigns Industrial organization to increase competitiveness
GOTHENBURG, Sweden, Sept. 24, 2025 /PRNewswire/ -- SKF is redesigning parts of the Industrial business to further increase its competitiveness and accelerate profitable growth. The new set-up, which will be implemented with immediate effect, will drive business synergies across the full value cha...
SKF inaugurates Super-precision bearing facility in Airasca, Italy
GOTHENBURG, Sweden, Sept. 19, 2025 /PRNewswire/ -- Today, the SKF Super-precision centre in Airasca,Italy, is inaugurated. This highly automated facility with a digitally connected environment is SKF's new global centre of excellence for Super-precision bearings. It includes all key functions to ...
Håkan Buskhe to be appointed Chair of the Board of SKF Automotive
GOTHENBURG, Sweden, Sept. 18, 2025 /PRNewswire/ -- The SKF Board of Directors today announces its intention to appoint Håkan Buskhe as the new Chair of the Board of the SKF Automotive business. The Automotive business continues to be part of the AB SKF group of companies. As previously announced...
SKF earns top CDP ratings, reinforcing climate leadership across the value chain
GOTHENBURG, Sweden, Sept. 11, 2025 /PRNewswire/ -- SKF has been awarded an `A' score in the 2024 CDP Supplier Engagement Assessment (SEA), placing the company among the global leaders in supplier climate action and transparency. This recognition follows SKF's earlier A rating for Climate from CDP...
Nomination Committee of AB SKF for the Annual General Meeting 2026
GOTHENBURG, Sweden, Sept. 9, 2025 /PRNewswire/ -- In accordance with the Nomination Committee Charter adopted at the Annual General Meeting, the members who, together with the Chair of the Board, constitute the Nomination Committee in preparation of the Annual General Meeting 2026 have been elect...
SKF to showcase scalable, customer-focused innovations at 2025 Tech and Innovation Summit
GOTHENBURG, Sweden, Sept. 8, 2025 /PRNewswire/ -- At this year's Tech and Innovation Summit, SKF will introduce a broad range of new products and technologies designed to help industrial customers reduce downtime, improve reliability and performance, and make better use of data. The virtual event...
SKF's Capital Markets Day to be held on 11 November 2025
GOTHENBURG, Sweden, Aug. 28, 2025 /PRNewswire/ -- SKF welcomes institutional investors, analysts and financial media to the Group's Capital Markets Day on 11 November. During the event, participants will have the opportunity to gain deeper insights into the strategic direction of both the Industr...
SKF's new brand identity recognized with two awards in prestigious design competition
GOTHENBURG, Sweden, Aug. 21, 2025 /PRNewswire/ -- During the spring, SKF, together with the design agency NORD ID at NORD DDB, launched an updated brand identity. That update has now earned a rare double win in the internationally renowned Red Dot Design Award. "Red Dot is an international mark o...
SKF divests non-core aerospace operation in Elgin, USA
GOTHENBURG, Sweden, Aug. 18, 2025 /PRNewswire/ -- As part of SKF's strategic focus on its core aerospace areas and exit of non-strategic business lines, the Group has signed an agreement to divest its precision elastomeric device (PED) operation inElgin, Illinois, USA. Additionally, with the comp...
SKF Q2 2025: Another quarter of margin resilience
GOTHENBURG, Sweden, July 18, 2025 /PRNewswire/ -- Q2 2025 * Net sales: MSEK 23,166 (25,606) * Organic growth: −0.2% (−6.6%), driven by lower market demand within the Automotive market while the Industrial segment reported organic sales growth. * Adjusted operating profit: MSEK 3,090 (3,324)...
SKF Q1 2025: Strong margin in turbulent markets
GOTHENBURG, Sweden, April 25, 2025 /PRNewswire/ -- Q1 2025 * Net sales: MSEK 23,966 (24,699) * Organic growth: −3.5% (−7.0%), driven by lower market demand across regions and industries, except for aerospace showing continuous growth. * Adjusted operating profit: MSEK 3,233 (3,3...
SKF completes previously announced divestment of its ring and seal operation in Hanover, USA
GOTHENBURG, Sweden, April 14, 2025 /PRNewswire/ -- SKF has completed the previously announced divestment of its ring and seal operation inHanover, Pennsylvania, USA, to Carco PRP Group for a total enterprise value of USD 215 million, corresponding to approximately SEK 2.1 billion. The divestment ...
