AB SKF - Company Profile
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AB SKF (SKF) is a supplier of products, solutions and services for bearings, seals, mechatronics and lubrication systems. The company offers services such as technical support, condition monitoring, maintenance services, asset efficiency optimization, engineering consultancy, including material analysis and testing, and training. It provides products and related technologies and services to original equipment manufacturers and aftermarket customers in aerospace, automotive, industrial goods and machine tools, construction, marine, oil and gas, agriculture, and home appliances industries. The company operates manufacturing units and technology centers in Europe, Middle East and Africa, the Americas and Asia-Pacific. SKF is headquartered in Goteborg, Vastra Gotaland, Sweden.
Headquarters
Sweden
Address
Sven Wingqvists Gata 2, Goeteborg, 41526
Website
www.skf.com
Telephone
46 31 3371000
No of Employees
40,396
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
SKF B (STO)
Revenue (2022)
$9.8B
7.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
43.1%
(2022 vs 2021)
Market Cap*
$9.2B
Net Profit Margin (2022)
XYZ
33.6%
(2022 vs 2021)
* As of and is in US$
AB SKF premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Bearings, Units and Housings: | Asset Management | SKF |
| Ball Bearings | Rotation as a Service | Kaydon |
| Roller Bearings | Consulting | Peer |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In April, SKF Lincoln launched the new Mityvac MV7454 and the MV7455 gear oil dispensing units. |
| 2024 | New Products/Services | In February, SKF Lincoln launched its CLP Smart Series pumps. |
| 2024 | Contracts/Agreements | In January, the company entered into an agreement with Clearway Energy Group for a part of the RECs generated from a 452 MW solar farm in Kent County, Texas, the US. |
Competitor Comparison
| Key Parameters | AB SKF | Schaeffler AG | JTEKT Corp | NSK Ltd | NTN Corp |
|---|---|---|---|---|---|
| Headquarters | Sweden | Germany | Japan | Japan | Japan |
| City | Goeteborg | Herzogenaurach | Kariya-Shi | Shinagawa-Ku | Osaka-Shi |
| State/Province | - | Bayern | Aichi | Tokyo | Osaka |
| No. of Employees | 40,396 | 83,362 | 46,053 | 29,882 | 23,027 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Hans Straberg | Chairman | Executive Board | 2018 | 66 |
| Rickard Gustafson | Director; President; Chief Executive Officer | Executive Board | 2021 | 59 |
| Niclas Rosenlew | Chief Financial Officer; Senior Vice President - Group Finance | Senior Management | 2019 | 51 |
| Annika Olme | Chief Technology Officer; Senior Vice President - Technology Development | Senior Management | 2022 | 50 |
| Sophie Arnius | Head - Investor Relations | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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