SKF Annual Report 2018 published

Gothenburg, 6 March 2019: AB SKF has published its annual report for 2018. The report focuses on SKF’s operations and how the Company strives to create value for shareholders in a responsible manner.

Alrik Danielson, President and CEO, says: “2018 has been an exciting and record year for SKF. We have made significant progress in developing our value propositions around the rotating shaft, as well as continued to invest in modernizing our factories and in R&D. From a financial performance point of view, 2018 has been a record year, with an organic growth rate of 7.1% and an operating margin of 12.9%. We are currently meeting or exceeding four of our five financial targets.

“We have also made good progress towards the Group’s climate-related targets. We have achieved a 24% reduction in the CO2 emissions per tonne of sold bearings compared to the 2015 base year. Our ambition is to reach a 40% reduction by 2025. We have achieved this by increasing the amount of renewable energy we source, as well as through energy efficiency improvements in our factories.”

The SKF Annual Report is available for download on 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 2018 were SEK 85 713 million and the number of employees was 44 428. www.skf.com  

® SKF is a registered trademark of the SKF Group.

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