Minesto AB: Interim Management Statement 1 January - 31 March 2025
GOTHENBURG, Sweden, April 30, 2025 /PRNewswire/ -- CEO Dr Martin Edlund: 'Record public exposure and solid progress' Significant events January-March 2025 In February, Minesto welcomes Faroese stakeholders, authorities as well as the public to a...
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...
SKF completes previously announced divestment of its ring and seal operation in Hanover, USA
GOTHENBURG, Sweden, April 14, 2025 /PRNewswire/ -- SKF has completed the previously announced divestment of its ring and seal operation in Hanover, Pennsylvania, USA, to Carco PRP Group for a total enterprise value of USD 215 million, corresponding...
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...
Minesto's unique ocean energy technology at the centre of global branding campaign together with SKF
GOTHENBURG, Sweden, March 27, 2025 /PRNewswire/ -- Minesto, leading developer of ocean energy is selected by renowned bearing manufacturer SKF to be part of a large-scale international marketing brand campaign. The campaign "The Faroe Islands Space...
A space program that never leaves Earth
GOTHENBURG, Sweden, March 27, 2025 /PRNewswire/ -- While others race to the moon and back, the Faroe Islands space program takes a bold new step in space exploration-without ever leaving Earth. One of the largest bearing manufacturers SKF, and ocean...
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...
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....
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...
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 and China, while Americas and India & Southeast Asia are showing...