SKF Annual Report 2020

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Gothenburg, 3 March 2021: AB SKF’s Annual Report 2020 has today been published on the Group’s website. The report focuses on SKF’s operations and value creation for customers, employees, shareholders, the environment and surrounding communities.

Alrik Danielson, President and CEO, SKF, says: “Our colleagues around the world have showed a fantastic level of commitment and energy during this very challenging year. Despite the effects of the pandemic on the global economy, we have made 2020 the year in which we truly delivered on our strategy. This is clearly visible in our solid results and continued high levels of investment in our business.”

“SKF’s competence around the rotating shaft and our ability to not just improve machine performance but also help reduce the CO2 emissions of our customers, puts us in the driving seat when it comes to creating a circular economy.”

The SKF Annual Report is available for download on

Aktiebolaget SKF

This is information that AB SKF is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 13:00 CET on 3 March 2021.

For further information, please contact:
PRESS: Theo Kjellberg, Director, Press Relations

tel: 46 31 337 6576, mobile: 46 725-776576, e-mail:

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104;

SKF’s mission is to be the undisputed leader in the bearing business. We do this by offering solutions that reduce friction and CO2 emissions, whilst at the same time increasing machine uptime and performance. Our products and services around the rotating shaft include bearings, seals, lubrication management, artificial intelligence and wireless condition monitoring. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2020 were SEK 74 852 million and the number of employees was 40,963.

® SKF is a registered trademark of the SKF Group.




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