SKF hosts Capital Markets Day

Gothenburg, 8 December 2022: SKF is hosting its Capital Markets Day in London today. At the event, investors, analysts and members of the media will be given an update on the Group’s strategic development and focus areas moving forward.

The event will profile a number of areas of SKF’s global operations, including details of the Group’s Industrial business in the Americas and India, the global Automotive business as well as a number of emerging businesses, including magnetic bearings and RecondOil.

At the event, President and CEO Rickard Gustafson will announce that the Group is conducting a strategic review of its Aerospace business, considering ongoing consolidation in the industry.

Rickard Gustafson will also be re-confirming the Group’s long-term financial targets and the Group’s outlook for the fourth quarter: “Looking into the fourth quarter of 2022 we expect organic sales growth of about 10% and, as a result, we expect organic growth for the full year to end in the upper part of our previously guided range of about 4-8%.”

Presentation materials from the Capital Markets Day, as well as a live webcast feed, is available on the Group’s Investor Relations website: https://investors.skf.com/en

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’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 2021 were SEK 81,732 million and the number of employees was 42,602. www.skf.com

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