SKF redesigns Industrial organization to increase competitiveness
GOTHENBURG, Sweden, Sept. 24, 2025 /PRNewswire/ -- SKF is redesigning parts of the Industrial business to further increase its competitiveness and accelerate profitable growth. The new set-up, which will be implemented with immediate effect, will drive business synergies across the full value cha...
SKF earns top CDP ratings, reinforcing climate leadership across the value chain
GOTHENBURG, Sweden, Sept. 11, 2025 /PRNewswire/ -- SKF has been awarded an `A' score in the 2024 CDP Supplier Engagement Assessment (SEA), placing the company among the global leaders in supplier climate action and transparency. This recognition follows SKF's earlier A rating for Climate from CDP...
SKF Q2 2025: Another quarter of margin resilience
GOTHENBURG, Sweden, July 18, 2025 /PRNewswire/ -- Q2 2025 * Net sales: MSEK 23,166 (25,606) * Organic growth: −0.2% (−6.6%), driven by lower market demand within the Automotive market while the Industrial segment reported organic sales growth. * Adjusted operating profit: MSEK 3,090 (3,324)...
SKF inaugurates magnetic bearing factory in Morocco to meet increased demand
GOTHENBURG, Sweden, May 20, 2025 /PRNewswire/ -- SKF has inaugurated its new factory in Tangier, Morocco, which initially will employ around 60 people. The factory will manufacture components for magnetic bearings and high-speed electric motors, enabling SKF to meet the increased demand for these...
SKF Q1 2025: Strong margin in turbulent markets
GOTHENBURG, Sweden, April 25, 2025 /PRNewswire/ -- Q1 2025 * Net sales: MSEK 23,966 (24,699) * Organic growth: −3.5% (−7.0%), driven by lower market demand across regions and industries, except for aerospace showing continuous growth. * Adjusted operating profit: MSEK 3,233 (3,3...
SKF to publish Q1 report on 25 April
GOTHENBURG, Sweden, April 10, 2025 /PRNewswire/ -- SKF will publish its Q1 results for 2025 on 25 April at approximately 07:30 (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 least 10 minute...
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...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, March 31, 2025 /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 31 March 2025 there are a total of 455,351,068 shares in AB SKF, out of which 28,930,844 shar...
SKF continues the preparations for the separation of its Automotive business; initiates consent solicitation
GOTHENBURG, Sweden, Feb. 7, 2025 /PRNewswire/ -- In September 2024, SKF announced the decision 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. As the separation process continues...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Jan. 31, 2025 /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 31 January 2025 there are a total of 455,351,068 shares in AB SKF, out of which 28,938,999 sha...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Nov. 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 29 November 2024 there are a total of 455,351,068 number of shares in AB SKF, out of which 29,...
SKF confirms dates for CFO transition
GOTHENBURG, Sweden, Nov. 20, 2024 /PRNewswire/ -- As previously announced, Susanne Larsson will join SKF as the new Chief Financial Officer and Senior Vice President, Group Finance, succeeding Niclas Rosenlew. It is now confirmed that she will start on17 February 2025. Niclas will work his last ...
SKF interim report Q3 2024: Solid margin and strong cash flow in weak markets
GOTHENBURG, Sweden, Oct. 30, 2024 /PRNewswire/ -- Q3 2024 Net sales: SEK 23,692 million (25,771) Organic growth: −4.4% (−0.6%), driven by lower market demand across most regions and industries. Adjusted operating profit: SEK 2,821 million (2,956). Continued strong price/mix contribution, driven b...
SKF divests non-core aerospace operation for USD 220 million
GOTHENBURG, Sweden, Oct. 30, 2024 /PRNewswire/ -- SKF is committed to creating a more focused and resilient company to serve its customers even better and accelerate profitable growth. As part of the decision from the Group's strategic review of its aerospace business, communicated on27 October 2...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Sept. 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 September 2024, there are a total of 455,351,068 shares in AB SKF, out of which 29,235,93...
SKF announces changes to Group Management
GOTHENBURG, Sweden, July 23, 2024 /PRNewswire/ -- Niclas Rosenlew, Senior Vice President and CFO of SKF Group has decided to leave the company and will continue his career outside SKF. Niclas will remain in his current position at SKF untilJanuary 2025. "On behalf of SKF I would like to thank Ni...
SKF Half-year report to be published on 18 July
GOTHENBURG, Sweden, July 8, 2024 /PRNewswire/ -- SKF will publish its Half-year results for 2024 on 18 July 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 least 10 m...
SKF to showcase new solutions with significant customer value at its first-ever Tech & Innovation Summit
SKF strengthens its innovation commitment with new intelligent and clean solutions to help industrial customers achieve their business needs and pursue their sustainability goals. GOTHENBURG, Sweden, June 17, 2024 /PRNewswire/ -- SKF is presenting its technologically innovative solutions tailore...
SKF to showcase new solutions with significant customer value at its first-ever Tech & Innovation Summit
SKF strengthens its innovation commitment with new intelligent and clean solutions to help industrial customers achieve their business needs and pursue their sustainability goals. GOTHENBURG, Sweden, June 17, 2024 /PRNewswire/ -- SKF is presenting its technologically innovative solutions tailore...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, May 31, 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 31 May 2024, the Company's share capital amounts to SEK 1,138,377,670 and the total number of s...
