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SKF is a provider of bearings and units, seals, services, and lubrication systems. The company operates in two segments: Industrial and Automotive. The Industrial segment is engaged in the development and manufacture of bearings, seals, and lubrication systems, as well as rotating shaft services and solutions for machine health assessment, reliability engineering, and remanufacturing. The Automotive segment provides manufacturers of cars, light and heavy trucks, trailers, buses, and two-wheelers with customized bearings, seals, and related products for wheel-end, driveline, engine, e-powertrain, suspension, and steering applications.

HQGöteborg, SE
Employee Ratings3.9


SKF is headquartered in
Göteborg, Sweden

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Latest Updates

Employees (est.) (Mar 2020)43,134
Job Openings15
Revenue (FY, 2019)KR86 B
Share Price (Oct 2020)KR192.1 (+3%)
Cybersecurity ratingBMore

Key People/Management at SKF

Alrik Danielson

Alrik Danielson

President and CEO
Niclas Rosenlew

Niclas Rosenlew

Senior Vice President and CFO
Bernd Stephan

Bernd Stephan

President, Automotive and Aerospace
John Schmidt

John Schmidt

President, Industrial Sales Americas
Erik Nelander

Erik Nelander

President Industrial Sales Europe and Middle East and Africa
Kent Viitanen

Kent Viitanen

President, Bearing Operations
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SKF Office Locations

SKF has offices in Göteborg, Avon, Elgin, Hampton and in 84 other locations
Göteborg, SE (HQ)
Hornsgatan 1
Tirana, AL
Autostrada Tiranë - Durrës, km 7
Area de Promoción El Triángulo, AR
Av. Olivos 4109
Beresfield, AU
4/24 Enterprise Dr
Steyr, AT
15 Seitenstettner Str.
Baku, AZ
Cəfər Cabbarlı str., 44
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SKF Financials and Metrics

SKF Revenue

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SKF's revenue was reported to be kr86.01 b in FY, 2019 which is a 0.4% increase from the previous period.

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Market capitalization (16-Oct-2020)


Closing stock price (16-Oct-2020)

SKF's current market capitalization is kr87.5 b.
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Financial Leverage

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SKF Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019


130 130 130 130

Manufacturing Facilities

115 108 103 94 103

New Product Launches

15 18 13 41

Patent Applications

461 191 192 202 201
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SKF Acquisitions / Subsidiaries

Company NameDateDeal Size
Hofmann Engineering North AmericaSeptember 23, 2019
RecondOil Sweden ABJune 20, 2019kr10 m
GLOiSeptember 10, 2014
KaydonSeptember 05, 2013
S2MDecember 21, 2007
Electric Motor Diagnostics CompanyJune 21, 2007
Automatic Lubrication SystemsMarch 02, 2007
Preventive Maintenance Company Inc.January 27, 2007
Willy Vogel AGMay 01, 2004kr650 m
ABBA Linear Tech Co. Ltd.
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SKF Cybersecurity Score

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SKF Revenue Breakdown

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SKF revenue breakdown by business segment: 71.6% from Industrial and 28.4% from Automotive

SKF revenue breakdown by geographic segment: 24.0% from North America (incl. Mexico), 5.4% from Latin America, 28.9% from Asia-Pacific, 36.7% from Europe and 5.0% from Other

SKF Online and Social Media Presence

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SKF News and Updates

SKF to publish nine-months results on 27 October

GOTHENBURG, Sweden, Oct. 16, 2020 /PRNewswire/ -- SKF will publish its nine-months results for 2020 on 27 October 2020 at approximately 13:00 (CET). Investors, analysts and media are invited to join a Webcast, which will be held in English, at 14:00 (CET). Participants will have the...

Propeller Shaft Couplings 2020 Global Market Key Players – Buck Algonquin, SKF, Vibracoustic - Analysis and Forecast to 2026

Wiseguyreports.Com Publish New Market Research Report On-“Propeller Shaft Couplings Market 2020 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2026” Posted via Industry Today. Follow us on Twitter @IndustryToday

SKF invests in strengthened competitiveness in North America

GOTHENBURG, Sweden, Sept. 22, 2020 /PRNewswire/ -- SKF is investing approximately SEK 550 million in strengthening its manufacturing footprint and competitiveness in North America. Approximately SEK 350 million is being invested in expanding and automating manufacturing processes at the...

SKF and Deacero in fee-based partnership to improve performance

GÖTEBORG, Sweden, Sept. 21, 2020 /PRNewswire/ -- SKF is partnering with Deacero, the Mexican steel manufacturer, to improve performance and reduce downtime at their steel rolling mill in Celaya. The partnership is built on a fee-based set-up covering bearings, bearing remanufacturing,...

Nomination Committee of AB SKF for the Annual General Meeting 2021

GOTHENBURG, Sweden, Sept. 14, 2020 /PRNewswire/ -- In accordance with a resolution taken at the Annual General Meeting of AB SKF on 26 March 2020, this is to announce the representatives of the four largest shareholders by number of votes, who, together with the Chairman of the Board,...

ICICI Direct: SKF India Expected Downswing In Q1, Recovery To Follow

SKF India witnessed some green shoots in June but that was shortlived on account of regional lockdowns, ICICI Direct says.
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SKF Frequently Asked Questions

  • When was SKF founded?

    SKF was founded in 1907.

  • Who are SKF key executives?

    SKF's key executives are Alrik Danielson, Niclas Rosenlew and Bernd Stephan.

  • How many employees does SKF have?

    SKF has 43,134 employees.

  • What is SKF revenue?

    Latest SKF annual revenue is kr86 b.

  • What is SKF revenue per employee?

    Latest SKF revenue per employee is kr2 m.

  • Who are SKF competitors?

    Competitors of SKF include Timken, Schaeffler and JTEKT.

  • Where is SKF headquarters?

    SKF headquarters is located at Hornsgatan 1, Göteborg.

  • Where are SKF offices?

    SKF has offices in Göteborg, Avon, Elgin, Hampton and in 84 other locations.

  • How many offices does SKF have?

    SKF has 89 offices.