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...
SKF Awarded EcoVadis Platinum Rating for fourth year running
GOTHENBURG, Sweden, Jan. 22, 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. This prestigious recognition places SKF in the top 1% among the more than 100,000 companies assessed worldwide...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Dec. 29, 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 29 December 2023, the Company's share capital amounts to SEK 1,138,377,670 and the total numbe...
SKF concludes strategic review of Aerospace business; strengthens its core business
GOTHENBURG, Sweden, Oct. 27, 2023 /PRNewswire/ -- Following the completion of a strategic review of its Aerospace business, SKF is further strengthening and investing in its Aerospace core areas, but also exploring strategic options to fully or partially exit business lines that are non-core. SK...
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...
