By joining Sferical AI, we secure sovereign, high-performance compute in Sweden, supporting faster progress and protecting our intellectual property built over our 125-year history.

During the quarter, we continued to execute our strategic priorities, strengthening our position in high-value industrial segments and advancing the separation of our Automotive business.

An important part of our strategy to reignite growth is value accretive bolt-on M&A. This acquisition delivers that.

In 2025 we continued to unlock long-term value. The achievements made in executing our strategy, while delivering resilient results and advancing sustainability, are a testament to the hard work and dedication of our global teams.

The separation of our Automotive business is proceeding according to plan. Today marks another major step on this journey and on becoming a stand-alone company, as we reveal the name.

This divestment concludes the strategic review for our aerospace business related to exiting non-core business lines.

In Q4 as well as for the full year 2025, I’m pleased to conclude a solid performance with an improved adjusted operating margin year-over-year, despite challenging markets.

  We are proud to have received A rating from CDP. This recognition highlights our continuous progress and reflects the commitment of our employees to drive positive change. This award is proof that we keep our leadership level in sustainability, but also a reminder that we must continue to drive the transition towards a sustainable society.

We are proud to see six additional decarbonized SKF factories, representing an important step in our overall net-zero journey.

We take great pride in partnering with universities that are world leaders in their field. INSA Lyon is a proven centre of excellence in tribology and rotating machines. Renewing this Chair with INSA Lyon is a testament to the strength and impact of our collaboration. This next phase will further strengthen SKF’s long-term competitiveness by deepening our scientific understanding and accelerating the development of sustainable, high-performance solutions.

We are creating two even sharper businesses with a clearer focus on distinct opportunities to enhance customer value, accelerate growth, as well as improve efficiency and competitiveness.

At SKF, we demonstrate our credibility and progress on our own science-based net-zero journey, applying the same ambitious standards internally as we advocate for externally. By actively decarbonizing our operations, investing in circularity, and ensuring supply chain transparency, our leadership is built on verifiable action and technological innovation.

As aviation moves toward designing engines that aim to cut fuel consumption by up to 25%, reducing emissions significantly, SKF is innovating to match that ambition. Our new steel alloy ARCTIC15 is engineered as a breakthrough material to allow for smaller, more compact bearing solutions that handle higher loads, unlocking new engine architectures and driving efficiency across the entire lifecycle, with repairability as a key driver. This novel steel enables faster development cycles and supports industry sustainability goals for the future.

Innovation is essential for a sustainable future, and history shows that real breakthroughs happen when we share. The Patent Bay is our way of unlocking that potential—creating ripple effects across industries and society.

We continue to invest in transforming SKF into an even more focused company, which will give profitable growth opportunities when markets improve,

SKF Ventures is about looking beyond today’s challenges and identifying the technologies and business models that will shape the future of our industry. It serves as a platform for testing, refining, and scaling innovative ideas into real-world solutions that deliver value for our customers and enhance our long-term competitiveness. This is how we stay relevant, resilient, and ready for the future.

Cross-sector collaboration is key. That’s why we work with customers and partners to advance decarbonization through energy-efficient and circular solutions, showing what’s possible when we unite around shared goals. Our message to COP30 is that fostering a resilient industry demands open, systematic collaboration across every link in the chain. SKF is committed to continue to lead that shift as we strongly believe that sustainability is a core driver of business resilience.

At Agritechnica, we’re not just showcasing our wide range of products tailored for agriculture. We’re also bringing our technical experts to the booth. We’re looking forward to customers coming to us with their individual challenges and problem statements — so we can work together to find solutions that make their daily work easier.

A sharpened industrial focus will evolve our strengths and with this new organizational set-up we aim to create even more progress for our customers and for us as a company.

We’re excited about the inauguration of our Airasca facility, which represents a substantial investment in profitable growth and customer expansion.

The Microlog Analyzer dBX, paired with our comprehensive condition monitoring solutions, delivers cutting-edge insight into the health of rotating assets – now extending that intelligence to hazardous areas. This powerful combination furthers SKF’s commitment to plantwide condition monitoring with expanded reach and reliability.

‘Our Food Line ball bearing units are a game-changer for the food and beverage industry,. ‘They help manufacturers ensuring uptime, safety, and sustainability.’

“Our innovation efforts are grounded in customer needs and shaped by the realities of their operations. We’re working closely with customers to co-develop solutions that are easier to implement, more reliable in operation, and better aligned with their business goals. We develop solutions that are not only technically advanced but also scalable and easy to implement. By delivering technologies that make a measurable difference in performance, reliability, and sustainability, we help our customers stay competitive”

We look forward to meet investors, analysts and media in November and present the progress in building two standalone businesses and how this will create even stronger Industrial and Automotive businesses.

We started this journey to become even more SKF, with a visual expression that matches our history, knowledge, and the value we bring to the world. The result is a bold identity that reflects our hundred-year history of innovation while also pushing for the future we envision. To now have it recognized with two Red Dot awards is a great testament to that.

The Hanover and Elgin divestments are examples of our ongoing efforts to execute on our strategy and manage our portfolio to accelerate profitable growth.

It’s encouraging that our adjusted operating margin improved, year-over-year, with relatively flat organic sales and significant currency headwind. We have continued to work hard to create a strong foundation for the future, including our ongoing rightsizing activities.

As main sponsor to Gothia Cup our mission is to give young people the opportunity to take part of not only the world’s largest youth football tournament but also open a gateway to new experiences and lifelong friendships and possibilities. That is why SKF is arranging Meet the World for the 18th year in a row.

The Meet the World initiative goes well with my thoughts on how sports break down barriers, unite people and let kids meet and celebrate together, in a forum where not much else matter. Through my career I have followed my dreams, and I want to encourage kids to dream big and truly feel that dreams can and do come true”.

Tidal stream power offers a significant opportunity for the world to diversify its energy mix whilst reducing its carbon footprint, a key target for governments around the world.  Abundant resources coupled with the predictability of tidal flows make it a viable and trusted technology which we are proud to be supporting at such a critical time for the world’s future energy strategy.

We are excited about the economic and competitive advantages this new facility will bring, positioning SKF as a key partner in the sustainability transformation.

Carnegie is one of the leading wave energy device developers globally. Our existing partnership evolved over time from single rotating equipment components to a fully integrated power take-off system which we have been jointly developing with the Carnegie team. We are proud to be part of this journey and are looking forward to commercialising the technology going forward

As an SKF distributor, I have always kept the company close to my heart. The key element to the company success is passion, brand loyalty and business ethics.

The initiated organizational review is progressing well, rightsizing both organizations to create strong foundations for the future and to withstand turbulent markets.

We are committed to create a more focused and resilient SKF to serve our customers even better and to accelerate profitable growth.

Imagine a future powered by the tides of the Moon. This unique project dares to dream big and is exploring the potential of renewable tidal energy. At SKF we are proud to be a part of this down-to-earth project that aligns with our values and our ambition to create a more sustainable world.

Also in 2024, we diligently executed on our strategy to further strengthen us as a company.

   “Through almost 120 years of innovation, we’ve developed products and solutions that reduce friction. Now we’re stepping that up. Not just reducing friction but actively fighting friction to move the world forward and telling the story about the difference we make.”

Regionalization is a key part of our strategy and during 2024, we further optimized our footprint.

SKF is committed to decarbonizing our operations by 2030 and achieving net-zero emissions across our supply chain by 2050. The significant CO2 reduction from using Green Steel Climate+ products within a year is very encouraging and a step forward in achieving these goals. We will now focus on looking on how we can apply these lessons to our broader business.

Receiving the EcoVadis Platinum Medal for the fifth year in a row is a proud moment for us. This award highlights our dedication to sustainable business practices and reflects the efforts of our many colleagues to drive positive change. We will continue taking action to achieve impact in sustainability, as well as supporting our customers and stakeholders with their own sustainability progress.

With the support of long-term financing from the EIB, we continue to invest in creating intelligent and sustainable solutions supporting the transition to a more sustainable world.

This acquisition strengthens our regional capabilities in South-East-Asia and Oceania, with a particular focus on customers in engineered solutions, heavy industries and mobile equipment.

By establishing two fit-for-purpose independent companies, we expect to unlock long-term value and to accelerate profitable growth in both businesses.

Aerospace will remain one of our largest customer industries and we will continue to invest and strengthen our position in core Aerospace segments.

When we launched our new business strategy in February 2022, we articulated a desire to create a more autonomous Automotive business to provide strategic flexibility. I also said that we need to take bold decisions to unlock additional long-term profitable growth opportunities. Initiating a separation of the Automotive business is one of those decisions.

This acquisition is a good strategic fit as it enables us to become a significant lubrication systems player in the important ISEA region.

Innovation is a fundamental part of our ongoing portfolio management agenda.

Our collaboration with voestalpine is a tangible example of how we are working together and transforming ideas into actions towards a more circular industrial development.

Our focus on developing advanced solutions reflect how we continue to collaborate with our customers and partners to reimagine innovation and contribute to a more sustainable world.