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...
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...
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...