SKF announces changes to Group Management to further strengthen its commercial focus
Three new appointments are made in SKF Group Management aiming to further strengthen its commercial focus in the company's journey towards increased profitable growth. A new position is also created to drive strategic sales and portfolio management. GOTHENBURG, Sweden, May 25, 2023 /PRNewswire/ ...
SKF invests in magnetic bearing manufacturing to meet increasing demand
GOTHENBURG, Sweden, May 22, 2023 /PRNewswire/ -- SKF is increasing its technical and manufacturing capabilities within magnetic bearings through an investment totalingSEK 50 million in a new manufacturing site in Tangier, Morocco. The new site will ramp up operations during the second quarter an...
SKF and Wolong cooperate to increase competitiveness in electric drive products
GOTHENBURG, Sweden, May 17, 2023 /PRNewswire/ -- SKF and Wolong Group, the Chinese global manufacturer of motor and drive solutions, have signed a memorandum of understanding to explore the possibilities of entering a strategic cooperation focused on the promotion and application of magnetic bea...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, April 28, 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 28 April 2023, the Company's share capital amounts to SEK 1,138,377,670 and the total number ...
SKF First-quarter report 2023: Strong organic sales and positive margin trend
GOTHENBURG, Sweden, April 27, 2023 /PRNewswire/ -- Rickard Gustafson, President and CEO: "Review of the first quarter I'm pleased to report a solid quarter with strong organic sales growth and a record high adjusted operating profit for a first quarter. In the period, we delivered an organic sa...
SKF first quarter results to be published on 27 April
GOTHENBURG, Sweden, April 14, 2023 /PRNewswire/ -- SKF will publish its first quarter results for 2023 on27 April 2023 at approximately 08:00 (CEST). Investors, analysts and media are invited to join a webcast, which will be held in English, at 09:00 (CEST). To join the webcast, please login at ...
SKF extends involvement in Gothia Cup, which this year attracts a record number of teams
SKF extends its involvement in the Gothia Cup by continuing as main partner for another three years. This year, there is a record interest in the world's largest youth tournament with more than 1,700 teams registered from over 60 countries GOTHENBURG, Sweden, April 12, 2023 /PRNewswire/ -- After...
Annual General Meeting of AB SKF
GOTHENBURG, Sweden, March 23, 2023 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF, parent company of the SKF Group, was held on Thursday, 23 March 2023. The income statements and the balance sheets were adopted, together with the Board's proposal for distribution of dividend. A ...
SBTi approves SKF's near- and long-term science-based emissions reduction targets
SKF has received validation of its Scope 1, 2 and 3 emissions reduction targets from the Science Based Target initiative (SBTi) GOTHENBURG, Sweden, March 9, 2023 /PRNewswire/ -- The SBTi has verified SKF's net-zero target by 2050, validating both SKF's near and long-term science-based emissions ...
SKF Annual Report 2022 published online; major milestone reached for own renewable energy use
In 2022, for the first time more than half of all electricity used by SKF was renewable, which is a major milestone in the Group's Net Zero journey. This contributed to keeping SKF well on course for its climate targets as explained in the AB SKF's Annual Report, which now has been published onli...
Notice of Annual General Meeting
GOTHENBURG, Sweden, Feb. 14, 2023 /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 Thursday, 23 March 2023. The doors are open from 13.00. Light refreshment...
Nomination Committee's proposal for Board of Directors of AB SKF
GOTHENBURG, Sweden, Feb. 10, 2023 /PRNewswire/ -- SKF's Nomination Committee proposesBeth Ferreira, Therese Friberg, Richard Nilsson and Niko Pakalén as new Board members of AB SKF. Beth Ferreira is Divisional Managing Director, Precision Engineering at IMI plc. She has previously held several s...
SKF Year-end report 2022: Strong organic sales and cash flow development
GOTHENBURG, Sweden, Feb. 2, 2023 /PRNewswire/ -- Q4 2022 Net sales: SEK 25,361 million (20,986) Organic growth: 9.7% (3.8%) Adjusted operating profit/margin:SEK 2,542 million, 10.0% (2,260, 10.8%) Full year 2022 Net sales: SEK 96,933 million (81,732) Organic growth: 8.1% (12.6%) Adjusted oper...
SKF increases regionalization in North America
Greenfield factory investment totaling SEK 700 million will support strategic development in the Americas and meet customer needs as focus on electrification increases GOTHENBURG, Sweden, Feb. 2, 2023 /PRNewswire/ -- SKF is further strengthening its value chain inNorth America. Investments total...
SKF to publish full-year results on 2 February
GOTHENBURG, Sweden, Jan. 23, 2023 /PRNewswire/ -- SKF will publish its full-year results for 2022 on2 February 2023 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 lea...
SKF awarded top sustainability ratings
GOTHENBURG, Sweden, Dec. 15, 2022 /PRNewswire/ -- SKF has achieved a Platinum Medal from EcoVadis, one of the world's most trusted providers of sustainable ratings for use in supply chains. This is the third year SKF has been awarded the Platinum medal and now ranks in the top 1 percent of all co...
SKF hosts Capital Markets Day
GOTHENBURG, Sweden, Dec. 8, 2022 /PRNewswire/ -- SKF is hosting its Capital Markets Day inLondon today. At the event, investors, analysts and members of the media will be given an update on the Group's strategic development and focus areas moving forward. The event will profile a number of areas...
SKF and Castrol partner to offer access to circular use of industrial lubricants
The partnership involves offering 'Oil as a service' through the integration of the SKF RecondOil offer with Castrol's metalworking lubricants, enabling circular use of the lubricant fluid, reducing consumption while improving machine performance. GOTHENBURG, Sweden, Dec. 7, 2022 /PRNewswire/ --...
SKF increases regional capabilities across Asia
Investments totaling SEK 1.25 billion to increase capabilities and competitiveness acrossChina, India and Southeast Asia GOTHENBURG, Sweden, Nov. 24, 2022 /PRNewswire/ -- SKF is continuing to increase its regional capabilities acrossAsia, through selected investments in its manufacturing and eng...
SKF completes acquisition of Tenute Srl
GOTHENBURG, Sweden, Nov. 9, 2022 /PRNewswire/ -- SKF has completed the previously announced acquisition of Tenute Srl. Tenute develops and manufactures sealing solutions for various industrial applications and has approximately 50 employees. Tenute Srl will be integrated into SKF's existing Seal...
