SKF empowers customers with AI enabled tool for addressing technical queries
GOTHENBURG, Sweden, Dec. 19, 2024 /PRNewswire/ -- SKF has launched a generative artificial intelligence (Gen AI) enabled tool named SKF Product assistant to assist customers with accessing the right technical information more efficiently. Available on the SKF website, the AI-enabled tool responds...
SKF awarded EcoVadis Platinum Medal for fifth consecutive year
GOTHENBURG, Sweden, Dec. 18, 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, for the fifth consecutive year. The Platinum Medal is the highest level of recognition from EcoVadis and it pl...
SKF to showcase innovative solutions at the Tech and Innovation summit
GOTHENBURG, Sweden, Dec. 4, 2024 /PRNewswire/ -- SKF to unveil a broad range of products and solutions to continue serving customers with more efficient, reliable, and sustainable technologies. You are welcome to join the webcast on December 11 - 12. The Tech and Innovation summit, a one-hour virt...
SKF secures EUR 430 million financing for R&D of sustainable technologies
GOTHENBURG, Sweden, Nov. 22, 2024 /PRNewswire/ -- SKF has secured EUR 430 million financing from the European Investment Bank (EIB) with a tenor of up to ten years. The financing will support SKF's research and development (R&D) to increase the focus on high-growth segments and accelerate the des...
SKF completes acquisition of John Sample Group
GOTHENBURG, Sweden, Oct. 31, 2024 /PRNewswire/ -- SKF has completed the previously announced acquisition of John Sample Group's (JSG) Lubrication and Flow Management businesses. JSG is a well-established lubrication system and full-service solutions provider founded in 1921. "We're glad to welco...
SKF to publish Q3 report on 30 October
GOTHENBURG, Sweden, Oct. 16, 2024 /PRNewswire/ -- SKF will publish its Q3 results for 2024 on 30 October 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 least 10 minutes...
SKF initiates a separation of its Automotive business
GOTHENBURG, Sweden, Sept. 17, 2024 /PRNewswire/ -- The Board of Directors of SKF has decided to initiate a separation of its Automotive business with the objective of a separate listing on Nasdaq Stockholm through a Lex Asea distribution to its shareholders. The intention is to list the Automotiv...
Nomination Committee of AB SKF for the Annual General Meeting 2025
GOTHENBURG, Sweden, Sept. 11, 2024 /PRNewswire/ -- In accordance with the Nomination Committee Charter adopted at the Annual General Meeting of AB SKF, the members, who, together with the Chair of the Board, constitutes the Nomination Committee in preparation of the Annual General Meeting 2025 ha...
SKF announces changes to Group Management
GOTHENBURG, Sweden, Sept. 3, 2024 /PRNewswire/ -- SKF announces the appointment ofSusanne Larsson as Senior Vice President and Chief Financial Officer of SKF Group. Susanne will join SKF, at the latest, in the beginning ofMarch 2025. This follows the previous announcement that Niclas Rosenlew, th...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Aug. 30, 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 30 August 2024, there are a total of 455,351,068 shares in AB SKF, out of which 29,265,933 sha...
SKF interim report Q2 2024: Margin resilience in continued soft markets
GOTHENBURG, Sweden, July 18, 2024 /PRNewswire/ -- Q2 2024 Net sales: SEK 25,606 million (27,123) Organic growth: −6.6% (7.9%), driven by lower market demand across regions and industries, except for aerospace and railway showing continuous growth. Adjusted operating profit: SEK 3,324 million (3,...
SKF and voestalpine reach milestone to decarbonize bearing production
GOTHENBURG, Sweden, July 10, 2024 /PRNewswire/ -- SKF and voestalpine Wire Technology, a subsidiary of the leading steel and technology group voestalpine, have successfully produced the first prototype bearing made from steel that contains hydrogen direct reduced iron (H-DRI). This represents a b...
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 ...
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...
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...
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...
