“Optimized service structures and new business models in factories – seen as eco-systems – will play a central role for all companies. Our collaboration will make reduction of CO2 a reality for the industry, with improved smart factory services, improved process stability, reduced throughput and cycle time resulting in a significant cost reduction.”
Thomas Fröst, President, Independent and Emerging Businesses at SKF
In the second quarter we saw organic revenue growth above 5%, driven by a general strong demand in most regions, especially within targeted high-growth segments, a somewhat higher automotive sales than anticipated and continued price realization.
Rickard Gustafson, President and CEO
Ultimately, improving the sustainability performance of a customer application requires the understanding of the full life cycle based on specific application data. I believe the tool we are launching will make it easier and more tangible for our customers to understand and accelerate this journey.
Johan Lannering, Head of Sustainability at SKF
When DST-regeneration is combined with lubrication management and condition monitoring, oil can be circulated and re-used for much longer. Sometimes, it can be circulated indefinitely, allowing a circular use of oil.
Erik Råwall, Programme Manager at SKF.
In the first quarter, we managed to deliver strong results and growth in an external environment characterized by supply constraints and big uncertainties following the war in Ukraine and the Covid-situation in China.
Rickard Gustafson, President and CEO.
The third quarter saw continued solid demand. Our Industrial business, which represents approximately 75% of sales, maintained its strong momentum, despite challenges from logistics constraints and cost inflation.
Rickard Gustafson, President and CEO
Having already made significant progress on our journey to reducing emissions from our own operations to net zero by 2030, we are today committing to an even more ambitious goal, spanning our full supply chain.
Rickard Gustafson, President and CEO, SKF
Design verification, using real load data, is enabling Sulzer to further improve its pump designs, and enable product design verification with real time data rather than calculated scenarios. It improves physical test confidence and reduces time to market.
Daniel Perreng Sales and Market Champion Fiber Optic Sensing at SKF
Research at the University of Twente in recent years has increased our understanding of the role of grease in bearings. With this knowledge we can reduce energy losses and increase the lifetime of grease lubricated contacts that contributes to a more sustainable society.
Professor Dik Schipper, Twente university
The next phase of the investment will allow us to serve our customers even better, across wider applications and with a wider product range.
Patrick Tong
We have delivered another very strong set of results, despite falling demand connected to the Covid-19 pandemic.
Alrik Danielson, President and CEO
Our cash flow generation and financial liquidity continues to be strong.
Alrik Danielson, President and CEO
This latest addition to our ongoing collaboration with SKF adds great value for our mutual customers. This will allow them to assess their bearings within the context of full system level models in MASTA, while benefiting from the proprietary life calculations of SKF.
Paul Langlois, Software Engineering Director, at SMT
By offering customers in the steel industry the opportunity to work with us on a fee-basis, we give them access to our full competence around the rotating shaft, in order to improve productivity.
Claudinei Reche
Our products help to reduce friction, energy and water consumption. Our offerings have always had an impact in these areas and by making sure our financing structure also contributes to a more sustainable world, we are taking the next step in our sustainability strategy.
Niclas Rosenlew
Commercializing our product will create an entirely new global market for power generation equipment and services, and we are delighted to be working with SKF
Andrew Scott, Orbital Marine Power’s Chief Executive Officer
We have almost a decade’s worth of experience of being a technical partner to developers of advanced tidal turbine technologies. By now taking the step from being a mechanical component supplier to supplying fully integrated power trains, we strengthen our position and focus on supporting selected cleantech industries.
Thomas Fröst, President Industrial Technologies at SKF
SKF has managed the business well in a weakening economic environment and our efforts to reduce costs are contributing to a strong and stable operating margin in the quarter with an underlying margin of 11.3%.
Alrik Danielson
More and more customers are becoming open to new, fee-based business models
Mattias Årstadius, Head of Industrial Sales, Sweden and Norway
The value of digitalization and automation within manufacturing lies in the insights it creates for machine owners and operators. By giving end-users real-time insights into the performance of their spindles using bearing trend development and diagnostics, we can help them make better decisions about maintenance. Simply put, this enables higher and more reliable performance
Davide Giordana, Director, Machine Tool Industry at SKF
As well as reducing costs and increasing profitability, our REP fee-based approach reduces waste in the value chain and lowers environmental impacts. REP contributes to the circular economy through remanufacturing or recycling of bearings, and filtration and regeneration of lubricants. It also lowers material and energy consumption more generally thanks to longer-lasting components and more efficient machine performance. This is all good news for the future of businesses and our planet.
Alrik Danielson, SKF’s President and CEO
The SKF Silent Series feature a new and innovative polyamide cage centred on the balls that minimises this 'cage rattling' during rotation. Their silent operation increases the confidence of the end-user in the quality of spindles.
Rudolf Groissmayr, Product Line Manager at SKF
Our experts are here to help our customers make better product choices based on the value they want to create for their businesses. We also provide bearing calculation tools such as SimPro spindle, which makes it easier for our customers to design and choose the right bearings for their spindles.
Rudolf Groissmayr, Product Line Manager at SKF
Our efforts to keep costs under control are showing results, in a market with lower demand.
Alrik Danielson
Gothia Cup is one of the world’s largest sporting events and a great way for use to showcase our support for young people and the city of Gothenburg.
Alrik Danielson
The acquisition is also in-line with our ambition to develop and offer solutions that help customers reduce the environmental impact of their own operations.
Alrik Danielson
SKF has always been at the forefront of developing new methods for calculating bearing life. GBLM is a giant leap for bearing science and will enable better choices to be made when selecting bearings for a wide variety of applications.
Guillermo Morales-Espejel, Principal Scientist at SKF Research and Technology Development
Through this investment we will increase our competitiveness in Asia.
Patrick Tong
We are deploying one of the worlds most advanced, flexible and fully automated assembly lines of its kind in Bari.
Kent Viitanen
Demand in the first quarter developed in line with our expectations. Net sales reached SEK 21.3 billion and organic sales were relatively unchanged compared to last year. Operating profit, at SEK 2.7 billion, was strong.
Alrik Danielson
We combined our specialist industrial knowledge with digital expertise from leading partners and customers. The result is a solution that reveals parts of a machine’s performance that were previously in the shadows, using the power of light alone
Victoria van Camp, CTO AB SKF
2018 was an excellent year for SKF, with record results and a significantly strengthened balance sheet.
Alrik Danielson
The new logistics centre has been designed with the ambition of achieving a high LEED rating, showing our continued commitment to reducing the environmental impact of our operations.
Kent Viitanen, President, Bearing Operations
Having successfully developed this as a stand-alone entity, it will now have an ownership structure that is able to invest in its continued development. The transaction also represents value for us and our shareholders by strengthening our balance sheet and focusing our product portfolio.
Christian Johansson
Our record start to 2018 has continued. Sales grew by 9% organically, to SEK 22.6 billion and our operating profit was SEK 2,925 million.
Alrik Danielson
It’s a win-win where SKF helps us with their resources, and we come as close as possible to trouble-free operation.
Lars Buhrkall, manager of Vattenfall’s onshore wind park operations in Esbjerg
Fiber optic sensing technology is an exciting opportunity, as it enables bearings to become process and quality control instruments. We have worked for some time to develop these sensors and by taking the next step together, we will be able to speed up the process of integrating these into customer applications.
Victoria Van Camp, CTO and President, Innovation and Business Development
Wheelset bearings are critical components for any rolling stock operator. Together with SKF we seek to move the industry toward the objective of one hundred-percent availability with safe, efficient service.
Johannes Emmelheinz, CEO of Customer Services at Siemens Mobility Division
With Railigent, Siemens offers a powerful platform for a multitude of digital services. In particular, the system simplifies data access, enabling operators to gather essential data about the condition of their rolling stock components from a single access point.
Filip Rosengren, Director, Railway Industry at SKF
Using accurate data to drive decision-making and avoid repeat issues is good for our clients and for the industry as a whole. Ultimately, this helps drive out waste and increases reliability
Ian Peverill, Head of Service at SKF UK
Recently, our technology was able to detect the underlying cause of bearing vibration and provide recommendations to prevent failure of a critical motor. Our data analytics software can even propose alternative solutions that would be longer-lasting and better suited to the conditions.”
Ian Peverill, Head of Service at SKF UK
“Our SKF bearings are designed to meet robust FCA performance requirements and contribute to an efficient, comfortable and smooth driving experience.”
Andrea Reisoli-Matthieu, SKF Account Director for FCA
The new service allows machine tuning to be conducted by an OEM from their own site, with their own technicians and without SKF’s physical presence
Jérémy Lepelley, project manager at SKF Magnetic Mechatronics
Fortunately, we have done fairly well in avoiding major breakdowns. It is very costly if something happens, so we want to prevent the risks as much as we can
Stefan Johansson Technical Superintendent at Sirius Shipping
“This team effort enabled us to meet our customer’s expectations for reliability, robustness, ease of maintenance and parts replacement; it also helps us to achieve one of our own corporate goals - that of delivering sustainable energy at a competitive price.”
Michael Baumann, Business Development Manager, Marine and Ocean Energy at SKF
“The SR2000 has met, and in many instances exceeded, our expectations and, combined with the fact that this is the world’s most powerful operating tidal turbine, it means we’re making a material contribution to the generation mix in Orkney with just this single unit.”
Scotrenewables' CEO, Andrew Scott
No other test center is capable of testing large-size bearings this accurately, under actual operating conditions, giving us and our customers a significant strategic advantage.
Victoria Van Camp, CTO
Imagine having access to an SKF application engineer or service technician on-demand, in real-time. If you are in a paper or steel mill close to an SKF Solution Factory, that’s not a problem. But the majority of our customers are based in remote locations. Our goal is to give them the same – or even better – access to our expertise, on-demand.
Fredrik Magnusson, Head of SKF’s software development center
The total operating life of the bearings is important, but to reduce cost of ownership, the period between maintenance operations can be even more significant
Wolfgang Schatzer, Strategic Account Manager, Railway Industry at SKF
These new programmes from SKF are designed to our bearing customers to deliver every facet of a well planned maintenance strategy with expert guidance available at every stage of the process
Roberto Tommasi, Product Line Manager, Industrial digitalization and solutions at SKF