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 on 17 February 2025.

Niclas will work his last day for SKF on 31 December 2024. As a consequence, Carina van den Berg, currently holding the position as Director SKF Global Finance Sustainability & Operations, is assigned as Acting CFO of SKF during the interim period.

GOTHENBURG, Sweden, Nov. 19, 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 on 17 February 2025.

Niclas will work his last day for SKF on 31 December 2024. As a consequence, Carina van den Berg, currently holding the position as Director SKF Global Finance Sustainability & Operations, is assigned as Acting CFO of SKF during the interim period.

GOTHENBURG, Sweden, Nov. 19, 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 on 17 February 2025.

Niclas will work his last day for SKF on 31 December 2024. As a consequence, Carina van den Berg, currently holding the position as Director SKF Global Finance Sustainability & Operations, is assigned as Acting CFO of SKF during the interim period.

GOTHENBURG, Sweden, Oct. 31, 2024 /PRNewswire/ -- SKF has completed the previously announced acquisition of John Sample Group's (JSG) Lubrication and Flow Management businesses. JSG is a well-established lubrication system and full-service solutions provider founded in 1921.

"We're glad to welcome our new colleagues from JSG to SKF. This acquisition strengthens our regional capabilities in South-East-Asia and Oceania, with a particular focus on customers in engineered solutions, heavy industries and mobile equipment," says Philipp Herlein, Managing Director, SKF Lubrication Management.

GOTHENBURG, Sweden, Oct. 31, 2024 /PRNewswire/ -- SKF has completed the previously announced acquisition of John Sample Group's (JSG) Lubrication and Flow Management businesses. JSG is a well-established lubrication system and full-service solutions provider founded in 1921.

"We're glad to welcome our new colleagues from JSG to SKF. This acquisition strengthens our regional capabilities in South-East-Asia and Oceania, with a particular focus on customers in engineered solutions, heavy industries and mobile equipment," says Philipp Herlein, Managing Director, SKF Lubrication Management.

GOTHENBURG, Sweden, Oct. 31, 2024 /PRNewswire/ -- SKF has completed the previously announced acquisition of John Sample Group's (JSG) Lubrication and Flow Management businesses. JSG is a well-established lubrication system and full-service solutions provider founded in 1921.

"We're glad to welcome our new colleagues from JSG to SKF. This acquisition strengthens our regional capabilities in South-East-Asia and Oceania, with a particular focus on customers in engineered solutions, heavy industries and mobile equipment," says Philipp Herlein, Managing Director, SKF Lubrication Management.

GOTHENBURG, Sweden, Oct. 30, 2024 /PRNewswire/ --

Q3 2024Net 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 by pricing actions and active portfolio management, as well as good cost control which largely offset the lower volumes and currency headwind.Adjusted operating margin: 11.9% (11.5%)Net cash flow from operations: SEK 3,576 million (3,435)

GOTHENBURG, Sweden, Oct. 30, 2024 /PRNewswire/ --

Q3 2024Net 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 by pricing actions and active portfolio management, as well as good cost control which largely offset the lower volumes and currency headwind.Adjusted operating margin: 11.9% (11.5%)Net cash flow from operations: SEK 3,576 million (3,435)

GOTHENBURG, Sweden, Oct. 30, 2024 /PRNewswire/ --

Q3 2024Net 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 by pricing actions and active portfolio management, as well as good cost control which largely offset the lower volumes and currency headwind.Adjusted operating margin: 11.9% (11.5%)Net cash flow from operations: SEK 3,576 million (3,435)

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 on 27 October 2023, to focus on core aerospace business and to exit areas that are non-strategic, SKF has signed an agreement to divest its ring and seal operation in Hanover, Pennsylvania, USA.

The Hanover ring and seal operation is divested to Carco PRP Group, through its US aerospace subsidiary, PCTI, for a total enterprise value of USD 220 million, corresponding to approximately SEK 2.3 billion. The Hanover facility manufactures mechanical seals and rings, representing 2023 annual sales of approximately SEK 700 million.