Annual General Meeting of AB SKF
GOTHENBURG, Sweden, April 1, 2025 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF was held on Tuesday,1 April 2025. The income statements and the balance sheets were adopted, together with the Board's proposal for distribution of dividend. A dividend ofSEK 7.75 per share was appro...
A space program that never leaves Earth
GOTHENBURG, Sweden, March 27, 2025 /PRNewswire/ -- While others race to the moon and back, theFaroe Islands space program takes a bold new step in space exploration-without ever leaving Earth. One of the largest bearing manufacturers SKF, and ocean energy developer Minesto are launching a space ...
SKF Annual Report 2024 published online; significant decarbonization milestone reached
GOTHENBURG, Sweden, March 7, 2025 /PRNewswire/ -- AB SKF has today published its Annual and Sustainability Report 2024 on the Group's website. The Report focuses on SKF's value creation activities for customers, shareholders, and other stakeholders by outlining the Group's strategic transformatio...
SKF launches updated brand to increase stakeholder value
GOTHENBURG, Sweden, March 5, 2025 /PRNewswire/ -- For over 100 years, SKF is recognized as a leader in products and solutions that reduce friction. Now, the company is stepping up its efforts, not just reducing friction but actively fighting it to move the world forward. The aim is to make indust...
SKF: Notice of Annual General Meeting
GOTHENBURG, Sweden, Feb. 27, 2025 /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 Tuesday, 1 April 2025. The doors are open from 13.00. Light refreshments ...
SKF Year-end report Q4 2024: Strong execution supporting margin resilience
GOTHENBURG, Sweden, Jan. 31, 2025 /PRNewswire/ -- Q4 2024 Net sales: SEK 24,725 million (24,438) Organic growth: −3.1% (−1.9%), driven by lower market demand mainly in Europe andChina, while Americas and India & Southeast Asia are showing positive sales development. Adjusted operating profit: S...
Nomination Committee's proposal for Board of Directors of AB SKF
GOTHENBURG, Sweden, Jan. 22, 2025 /PRNewswire/ -- SKF's Nomination Committee proposes Mats Rahmström as a new board member in AB SKF. Mats Rahmström was the President and CEO, as well as a member of the Board of Directors of Atlas Copco Group up untilApril 2024 and has held several senior positi...
SKF to publish Q4 report on 31 January
GOTHENBURG, Sweden, Jan. 16, 2025 /PRNewswire/ -- SKF will publish its Q4 results for 2024 on 31 January 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...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Dec. 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 December 2024 there are a total of 455,351,068 number of shares in AB SKF, out of which 28,...
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,...
