OverviewSuggest Edit

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.

TypePublic
Founded1907
HQGöteborg, SE
Websiteskf.com
Employee Ratings3.9
Overall CultureA

Latest Updates

Employees (est.) (Mar 2020)43,134
Job Openings154
Revenue (FY, 2019)KR86 B
Share Price (Jun 2021)KR229
Cybersecurity ratingBMore

Key People/Management at SKF

Alrik Danielson

Alrik Danielson

President and CEO
Niclas Rosenlew

Niclas Rosenlew

Chief Financial Officer and Senior Vice President
John Schmidt

John Schmidt

President Industrial Sales Americas
Erik Nelander

Erik Nelander

President Industrial Sales Europe and Middle East and Africa
Victoria Van Camp

Victoria Van Camp

CTO and President, SKF Technology
Kent Viitanen

Kent Viitanen

President, Bearing Operations
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SKF Office Locations

SKF has offices in Göteborg, Avon, Elgin, Falconer and in 83 other locations
Göteborg, SE (HQ)
Sven Wingquists Gata 2
Tirana, AL
Autostrada Tiranë - Durrës, km 7
Ben Aknoun, DZ
Cité des Amendiers
Area de Promoción El Triángulo, AR
Av. Olivos 4109
Beresfield, AU
4/24 Enterprise Dr
Steyr, AT
Seitenstettner Str. 15
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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.
SEK

Revenue (Q1, 2020)

20.1b

Gross profit (Q1, 2020)

4.9b

Gross profit margin (Q1, 2020), %

24.2%

Net income (Q1, 2020)

1.3b

EBIT (Q1, 2020)

2.3b

Market capitalization (4-Jun-2021)

104.3b

Closing stock price (4-Jun-2021)

229.0
SKF's current market capitalization is kr104.3 b.
Annual
SEKFY, 2017FY, 2018FY, 2019

Revenue

77.9b85.7b86.0b

Revenue growth, %

7%10%0%

Cost of goods sold

58.5b64.8b65.1b

Gross profit

19.4b20.9b20.9b
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

19.6b20.2b18.6b20.6b22.6b21.3b21.3b22.5b21.0b20.1b

Cost of goods sold

14.6b15.1b14.1b15.3b16.9b16.1b15.9b16.8b16.0b15.2b

Gross profit

5.0b5.1b4.6b5.2b5.7b5.2b5.4b5.6b5.1b4.9b

Gross profit Margin, %

25%25%24%26%25%24%25%25%24%24%
Annual
SEKFY, 2017FY, 2018FY, 2019

Cash

7.1b10.4b6.4k

Accounts Receivable

13.4b13.8b14.0k

Inventories

17.1b17.8b18.1k

Current Assets

42.8b47.2b47.8k
Quarterly
Annual
SEKFY, 2017FY, 2018FY, 2019

Depreciation and Amortization

2.3b2.5b3.5b

Inventories

(2.3b)(525.0m)277.0m

Accounts Payable

910.0m(76.0m)326.0m

Cash From Operating Activities

6.4b8.3b9.4b
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Depreciation and Amortization

582.0m1.2b1.7b568.0m1.1b1.7b834.0m1.7b2.6b866.0m

Cash From Operating Activities

635.0m2.5b4.0b816.0m3.6b5.6b1.5b4.2b7.3b2.8b

Cash From Investing Activities

(571.0m)(175.0m)(946.0m)(557.0m)(1.2b)(1.6b)(785.0m)(2.1b)(3.0b)(843.0m)

Long-term Borrowings

(178.0m)(3.0b)(3.0b)102.0m(2.4b)(1.6b)(133.0m)(315.0m)(2.6b)(288.0m)
SEKQ1, 2017

Revenue/Employee

431.3k

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

2.9 x
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SKF Operating Metrics

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

Countries

130130130130

Manufacturing Facilities

11510810394103

New Product Launches

15181341

Patent Applications

461191192202201
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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 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

SKF Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

SKF Online and Social Media Presence

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SKF Company Culture

  • Overall Culture

    A

    76/100

  • CEO Rating

    C+

    67/100

  • Compensation

    A

    78/100

  • Diversity

    A+

    84/100

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SKF News and Updates

SKF bearings help Mars Rover collect rock and regolith samples on the planet's surface

- Each time the Perseverance Mars Rover collects or handles rock and regolith samples in Jezero Crater during its multiple-year mission on the surface of the red planet, key components from SKF will facilitate that those activities successfully take place GOTHENBURG, Sweden, April 7, 2021...

SKF invests SEK 400 million in Airasca, Italy

GOTHENBURG, Sweden, March 4, 2021 /PRNewswire/ -- SKF is investing SEK 400 million in expanding and modernizing its manufacturing facility in Airasca, Italy. The investment will bring the manufacturing of super-precision bearings (SuPBs) for industrial applications into the Group's...

Global Gaskets and Seals Market Outlook and Forecast 2021-2026 with Dana, ElringKlinger, Freudenberg, AB SKF, Tenneco, Flowserve, & Smiths Group Dominating

Dublin, Nov. 17, 2020 (GLOBE NEWSWIRE) -- The "Gaskets and Seals Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global gaskets and seals market by revenue is expected to grow at a CAGR of over 5% during the period 2019-2025.The globa…

Announcement of change in the total number of votes in AB SKF

GOTHENBURG, Sweden, Oct. 30, 2020 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As per 30 October, the Company's share capital amounts to SEK 1,138,377,670 and the total...

SKF Nine-month report 2020: Strategy implementation continues to drive strong results

GOTHENBURG, Sweden, Oct. 27, 2020 /PRNewswire/ -- Alrik Danielson, President and CEO: "SKF's transformation into a more customer-focused, innovative and lean business continues. Our strong results in the third quarter illustrate that we are delivering on the implementation of our...

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...
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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 John Schmidt.

  • 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 NTN, Freudenberg Group and Trelleborg.

  • Where is SKF headquarters?

    SKF headquarters is located at Sven Wingquists Gata 2, Göteborg.

  • Where are SKF offices?

    SKF has offices in Göteborg, Avon, Elgin, Falconer and in 83 other locations.

  • How many offices does SKF have?

    SKF has 88 offices.