SKF Annual Report 2017 published

Gothenburg, 5 March 2018: AB SKF has now published its Annual Report 2017. The report focuses on how SKF creates value for customers, investors and other stakeholders and includes comprehensive financial and sustainability disclosures.

Alrik Danielson, President and CEO, says: “2017 was a good year for SKF, with strong demand in all main markets. During the year, we improved our profitability, delivered a solid cash flow and reduced our net debt. We launched many new innovations and increased our investments in automation and in research and development. We are well positioned for the future.”

The SKF Annual Report 2017 is available at www.skf.com/investors.

Aktiebolaget SKF
     (publ)

For further information, please contact:
PRESS: Theo Kjellberg, Director, Press Relations
tel: 46 31 337 6576, mobile: 46 725-776576, e-mail: theo.kjellberg@skf.com

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2017 were SEK 77 938 million and the number of employees was 45 678. www.skf.com  

® SKF is a registered trademark of the SKF Group.

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