Announcement of change in the total number of votes in AB SKF
GÖTEBORG, Sweden., Feb. 28, 2022 /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 s...
Notice of Annual General Meeting
GÖTEBORG, Sweden, Feb. 23, 2022 /PRNewswire/ -- Notice is hereby given that the Annual General Meeting of Aktiebolaget SKF will be held on Thursday, 24 March 2022. Due to Covid-19, the Board of Directors has decided that the general meeting should be held without physical presence by inviting t...
SKF Year-end report 2021
GÖTEBORG, Sweden, Feb. 3, 2022 /PRNewswire/ -- Q4 2021 Net sales: SEK 20,986 million (19,572) Organic growth: 4% (0%) Adjusted operating profit/margin:SEK 2,260 million, 10.8% (2,582, 13.2%) Full year 2021 Net sales: SEK 81,732 million (74,852) Adjusted operating profit/margin: SEK 10,839 mi...
SKF presents new strategic framework, including a decentralized operating model
GOTHENBURG, Sweden, Feb. 3, 2022 /PRNewswire/ -- Rickard Gustafson, President and CEO: "SKF has something that very few industrial companies have: a deep understanding of almost all industrial applications. Everywhere there is rotation, there is a good chance that SKF products, capabilities and ...
SKF to present FY Results and updated strategic framework on 3 February
GOTHENBURG, Sweden, Jan. 20, 2022 /PRNewswire/ -- SKF will present its FY 2021 Results and updated strategic framework on 3 February 2022. The year-end results for 2021 will be published at approximately 8:00 (CET). Investors, analysts and media are invited to join a webcast, which will be broa...
SKF acquires additive manufacturing company
GOTHENBURG, Sweden, Jan. 11, 2022 /PRNewswire/ -- SKF has completed the acquisition of Laser Cladding Venture n.v. (LCV), an additive manufacturing company based inBelgium. LCV is a niche engineering start-up specialized in various additive manufacturing technologies and processes, which can be ...
SKF licences slop-oil recovery technology to Christof Global Impact
GOTHENBURG, Sweden, Jan. 5, 2022 /PRNewswire/ -- SKF has signed a license agreement that gives Christof Global Impact the exclusive rights to commercialise SKF's multi-feedstock slop-oil recovery technology (MFRT). The MFRT was part of SKFs acquisition of RecondOil in 2019 and is not considered ...
SKF allocates EUR 300 million to green investments
GÖTEBORG, Sweden, Dec. 6, 2021 /PRNewswire/ -- SKF has reached a significant milestone, with a total ofEUR 300 million now allocated to investments in accordance with SKF's Green Finance Framework. The funding comes from the Group's 10-year Green Bond and is an important part of SKF's focus on re...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Oct. 29, 2021 /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 October, the Company's share capital amounts to SEK 1,138,377,670 and the total number of s...
SKF Nine-month report 2021: Industrial maintains its strong momentum; Automotive hit by customer supply constraints
GOTEBORG, Sweden, Oct. 26, 2021 /PRNewswire/ -- Rickard Gustafson, President and CEO: "The third quarter saw continued solid demand. Our Industrial business, which represents approximately 75% of sales, maintained its strong momentum, despite challenges from logistics constraints and cost infla...
SKF commits to net zero supply chain by 2050
GÖTEBORG, Sweden, Oct. 20, 2021 /PRNewswire/ -- SKF today announces its commitment to have a supply chain with net zero greenhouse gas emissions by 2050. Rickard Gustafson, President and CEO, says: "Having already made significant progress on our journey to reducing emissions from our own operat...
SKF to publish nine-months results on 26 October
GÖTEBORG, Sweden, Oct. 13, 2021 /PRNewswire/ -- SKF will publish its nine-months results for 2021 on26 October 2021 at approximately 08:00 (CET). Investors, analysts and media are invited to join a webcast, which will be held in English, at 09:00 (CET). To join the webcast, please login at leas...
SKF in collaboration to speed up development of fossil-free bearing steel
GÖTEBORG, Sweden, Oct. 5, 2021 /PRNewswire/ -- SKF is supporting the development of fossil-free bearing steel through a collaboration with Luleå University of Technology's CH2ESS initiative. As part of the collaboration, SKF will participate in and fund research within hydrogen use in industrial ...
Announcement of change in the total number of votes in AB SKF
GÖTEBORG, Sweden, Sept. 30, 2021 /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 ...
Nomination Committee of AB SKF for the Annual General Meeting 2022
GOTHENBURG, Sweden, Sept. 8, 2021 /PRNewswire/ -- In accordance with a resolution taken at the Annual General Meeting of AB SKF, this is to announce the representatives of the four largest shareholders by number of votes, who, together with the Chairman of the Board, constitute the Nomination Com...
SKF acquires lubrication filtration business
GÖTEBORG, Sweden, Sept. 1, 2021 /PRNewswire/ -- SKF has completed the acquisition of EFOLEX AB, aGothenburg-based manufacturer of the Europafilter-branded industrial lubrication and oil filtration systems. EFOLEX offers offline filtration systems used in process manufacturing and energy industri...
SKF strengthens analytics capability through acquisition
GOTHENBURG, Sweden, Aug. 31, 2021 /PRNewswire/ -- SKF has completed the acquisition of Rubico Consulting AB, an industrial consultancy firm with 10 employees based in Luleå,Sweden. Rubico Consulting AB specialises in visualisation and analysis of signal data. This expertise will be integrated ...
SKF to service Berlin underground carriages in long-term agreement
GOTHENBURG, Sweden, Aug. 17, 2021 /PRNewswire/ -- SKF has signed a long-term agreement withStadler Rail to equip and service rolling stock for the Berlin underground (U-Bahn) inGermany. The contract, with Swiss rail vehicle manufacturer Stadler Rail, is worth several million Euros. It includes a...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Aug. 2, 2021 /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 July, the Company's share capital amounts to SEK 1,138,377,670 and the total number of share...
SKF Half-year report 2021: Record operating profit
GOTHENBURG, Sweden, July 20, 2021 /PRNewswire/ -- Rickard Gustafson, President and CEO: "The second quarter saw a record in adjusted operating profit of SEK 3,118 million (1,565 million) and an adjusted operating margin of 15.0% (9.4%). The result was especially strong, given continued headw...
