SKF confirms closure of Luton factory
GOTHENBURG, Sweden, Oct. 17, 2023 /PRNewswire/ -- Following a consultation process with employees and union representatives, SKF confirms the proposed closure of its factory inLuton, UK. The proposal was made in May 2023 as part of a consolidation of the Group's spherical roller bearing manufactu...
SKF to publish nine-months results on 27 October
GOTHENBURG, Sweden, Oct. 11, 2023 /PRNewswire/ -- SKF will publish its nine-months results for 2023 on27 October 2023 at approximately 07:00 (CET). Investors, analysts and media are invited to join a webcast, which will be held in English, at 08:15 (CET). To join the webcast, please login at lea...
SKF Half-year report 2023: Strong sales, profit, and cash flow
GOTHENBURG, Sweden, July 19, 2023 /PRNewswire/ -- Rickard Gustafson, President and CEO: "I'm pleased to report that our strategic transformation continues at a high pace, clearly reflected by a strong set of numbers in the second quarter. In the quarter, we saw record high net sales, adjusted op...
SKF divests coolant pumps operations
GOTHENBURG, Sweden, July 12, 2023 /PRNewswire/ -- SKF has signed an agreement to divest Spandau Pumpen to EBARA Pumps Europe S.p.A, a group company of the global industrial machinery manufacturer EBARA CORPORATION. Spandau Pumpen is focused on coolant pumps in SKF's lubrication business. The div...
SKF Half-year report to be published on 19 July
GOTHENBURG, Sweden, July 11, 2023 /PRNewswire/ -- SKF will publish its Half-year results for 2023 on 19 July at approximately 07:00 (CEST). Investors, analysts, and media are invited to join a webcast, which will be held in English, at 08:15 (CEST). To join the webcast, please login at least 10 ...
SKF signs EUR 800 million multicurrency revolving credit facility
GOTHENBURG, Sweden, June 16, 2023 /PRNewswire/ -- SKF has successfully signed a EUR 800 million multicurrency revolving credit facility. The facility has a tenor of five years with two one-year extension options, and it will serve as a back-up liquidity facility for general corporate purposes. It...
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 Nine-month report 2022: Strong organic sales growth; severe cost inflation impacting results
GÖTEBORG, Sweden, Oct. 25, 2022 /PRNewswire/ -- Rickard Gustafson, President and CEO: "Review of the third quarter During the third quarter, we delivered strong organic sales growth of 11%, a clear indication that we are relevant for our customers. Our business inIndia and the Americas delivere...
SKF and ABB increase collaboration on industrial automation
Memorandum of Understanding signed to facilitate possible future strategic collaborations and new business opportunities. GOTHENBURG, Sweden, July 7, 2022 /PRNewswire/ -- SKF and ABB have entered into a Memorandum of Understanding (MoU) to explore the possibilities for a collaboration in the aut...
SKF announces changes to Group Management
GÖTEBORG, Sweden, March 29, 2022 /PRNewswire/ -- Victoria van Camp, CTO and Senior Vice President, SKF Technology Development will leave SKF to continue her career outside SKF. She will leave Group Management today but will remain in an advisory role during a brief transition period. Rickard Gus...
SKF Annual Report 2021 is published online
GÖTEBORG, Sweden, March 2, 2022 /PRNewswire/ -- AB SKF's Annual Report 2021 has today been published on the Group's website. The report focuses on SKF's operations and value creation for customers, employees, shareholders, the environment, and surrounding communities. The Annual Report includes ...
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...
SKF half-year results to be published on 20 July
GOTHENBURG, Sweden, July 9, 2021 /PRNewswire/ -- SKF will publish its half-year results for 2021 on20 July 2021 at approximately 07:00 (CEST). Investors, analysts and media are invited to join a webcast, with the opportunity to ask questions via the chat function, at 08:00 (CEST). To join the W...
SKF Annual Report 2020
GOTHENBURG, March 3, 2021 /PRNewswire/ -- AB SKF's Annual Report 2020 has today been published on the Group's website. The report focuses on SKF's operations and value creation for customers, employees, shareholders, the environment and surrounding communities. Alrik Danielson, President and CEO...
SKF Year-end report 2020
GOTHENBURG, Sweden, Feb. 2, 2021 /PRNewswire/ -- Alrik Danielson, President and CEO: "I would like to thank everyone in SKF for contributing to making 2020 the year in which we delivered on our strategy in earnest, a fact which is reflected in yet another very strong set of results, not least d...
Nomination Committee of AB SKF for the Annual General Meeting 2021
GOTHENBURG, Sweden, Sept. 15, 2020 /PRNewswire/ -- In accordance with a resolution taken at the Annual General Meeting of AB SKF on26 March 2020, this is to announce the representatives of the four largest shareholders by number of votes, who, together with the Chairman of the Board, constitute t...
SKF Issues SEK 3 Billion Bond
GOTHENBURG, Sweden, June 3, 2020 /PRNewswire/ -- Today, SKF has issued a bond of SEK 3 billion with a four-year maturity, which expires on 10 June 2024. The bond was issued in two tranches withSEK 2,100 million at a floating interest rate based on 3 month Stibor with a premium of 1% andSEK 900 mil...
SKF Annual Report 2018 Published
GOTHENBURG, Sweden, March 7, 2019 /PRNewswire/ -- AB SKF has published its annual report for 2018. The report focuses on SKF's operations and how the Company strives to create value for shareholders in a responsible manner. Alrik Danielson, President and CEO, says: "2018 has been an exciting and ...
