SKF Q3 2025: Improved margin in challenging market conditions
GOTHENBURG, Sweden, Oct. 29, 2025 /PRNewswire/ -- Q3 2025 Net sales: MSEK 22,482 (23,692) Organic growth: 2.0% (−4.4%), driven by organic sales growth for the Industrial business, partly offset by negative market demand for the Automotive business....
SKF reorganizes its operations in Argentina by discontinuing production at Tortuguitas plant
GOTHENBURG, Sweden, Oct. 27, 2025 /PRNewswire/ -- SKF continues to adapt its manufacturing operations to concentrate production in facilities with higher levels of technology, innovation, and scale. As part of this strategy aimed at optimizing its...
SKF launches SKF Ventures to accelerate innovation and unlock future growth opportunities
GOTHENBURG, Sweden, Oct. 23, 2025 /PRNewswire/ -- SKF announces the launch of SKF Ventures, a new initiative aimed at accelerating innovation, exploring emerging technologies, and developing future-oriented industrial solutions. The initiative...
SKF at COP30: The world can't afford friction - it's time to scale what works
GOTHENBURG, Sweden, Oct. 20, 2025 /PRNewswire/ -- SKF will be attending COP30, held in Belem, Brazil in November 2025, to drive systemic change and progress through collaboration. A resilient industry demands open, systematic collaboration. SKF sees...
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,...
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...