OverviewSuggest Edit

SKF is a global 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

Latest Updates

Employees (est.) (Dec 2018)44,428(-3%)
Job Openings22
Revenue (FY, 2018)KR85.7 B(+10%)

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
Show more

SKF Office Locations

SKF has offices in Göteborg, Armada, Avon, Elgin and in 88 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
Show all (93)

SKF Financials and Metrics

SKF Revenue

Embed Graph
View revenue for all periods
SKF's revenue was reported to be kr85.71 b in FY, 2018 which is a 10% increase from the previous period.
SEK

Revenue (Q2, 2019)

22.5b

Gross profit (Q2, 2019)

5.6b

Gross profit margin (Q2, 2019), %

25.1%

Net income (Q2, 2019)

1.6b

EBIT (Q2, 2019)

2.5b
Annual
SEKFY, 2016FY, 2017FY, 2018

Revenue

72.8b77.9b85.7b

Revenue growth, %

(4%)7%10%

Cost of goods sold

54.8b58.5b64.8b

Gross profit

18.0b19.4b20.9b
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

25%25%24%26%25%24%25%25%
Annual
SEKFY, 2016FY, 2017FY, 2018

Cash

9.9b7.1b10.4b

Accounts Receivable

13.5b13.4b13.8b

Inventories

15.4b17.1b17.8b

Current Assets

43.1b42.8b47.2b
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Accounts Receivable

14.6b14.2b13.5b15.1b15.2b14.3b15.6b15.6b

Inventories

16.0b16.4b16.6b18.4b18.6b18.0b18.8b18.8b

Current Assets

45.1b41.1b40.6b46.7b45.5b45.8b50.5b49.4b

PP&E

15.8b15.5b15.3b16.4b16.5b16.2b17.3b17.5b
Annual
USDFY, 2016FY, 2017FY, 2018

Depreciation and Amortization

2.4b2.3b2.5b

Inventories

(306.0m)(2.3b)(525.0m)

Accounts Payable

1.2b910.0m(76.0m)

Cash From Operating Activities

7.2b6.4b8.3b
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Depreciation and Amortization

582.0m1.2b1.7b568.0m1.1b1.7b834.0m1.7b

Cash From Operating Activities

635.0m2.5b4.0b816.0m3.6b5.6b1.5b4.2b

Purchases of PP&E

(623.0m)(1.1b)(1.7b)(660.0m)(1.3b)(2.0b)(804.0m)(2.0b)

Cash From Investing Activities

(571.0m)(175.0m)(946.0m)(557.0m)(1.2b)(1.6b)(785.0m)(2.1b)
SEKY, 2019

Financial Leverage

2.7 x
Show all financial metrics

SKF Operating Metrics

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

Countries

130 130 193

Manufacturing Facilities

115 108 103 94

New Product Launches

15 18 13

Patent Applications

461 191 192 202
Show all operating metrics

SKF Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Hofmann Engineering North AmericaSeptember 23, 2019
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.
AB Svenska Kullagerfabriken
Show more

SKF Revenue Breakdown

Embed Graph

SKF revenue breakdown by business segment: 70.7% from Industrial and 29.3% from Automotive

SKF revenue breakdown by geographic segment: 24.1% from North America, 37.7% from Europe, 28.1% from Asia-Pacific and 10.1% from Other

SKF Online and Social Media Presence

Embed Graph

SKF News and Updates

SKF to Publish Nine-months Results on 22 October

GOTHENBURG, Sweden, Oct. 9, 2019 /PRNewswire/ -- SKF will publish its nine-months results for 2019 on 22 October 2019 at approximately 13:00 (CET). Investors, analysts and media are invited to join a conference call, which will be held in English, at 14:00 (CET). To join the conference...

SKF Acquires Industrial AI Company

GOTHENBURG, Sweden, Oct. 7, 2019 /PRNewswire/ -- SKF has signed an agreement to acquire Presenso Ltd., a company that develops and deploys artificial intelligence (AI)-based predictive maintenance software. Presenso's AI capability enables production plants to find and act on anomalies...

Nancy Gougarty Resigns From the Board of AB SKF

GOTHENBURG, Sweden, Oct. 7, 2019 /PRNewswire/ -- Nancy Gougarty has decided to leave the Board of AB SKF for personal reasons as a result of having been the subject of the U.S. Securities and Exchange Commission proceedings concerning violations of the U.S. Foreign Corrupt Practices Act,...

SKF on fee-based business models

In the traditional transaction-based model, suppliers’ profits depend on numbers of parts sold and not on improvements in machine performance. There’s a fundamental conflict of interest, as longer component life means fewer sales for the supplier. SKF is now offering a fee-based Rotating Equipment P…

Nordic Paper and SKF Sign Agreement Aimed at Increasing Productivity

GOTHENBURG, Sweden, Sept. 23, 2019 /PRNewswire/ -- SKF and Nordic Paper have signed a five-year fee- and performance-based contract. The agreement aims to improve Nordic Paper's productivity, health and safety and sustainability performance. Nordic Paper is a pulp and paper manufacturer...

Sweden's SKF to shift automation into higher gear as markets flag

Swedish engineering company SKF aims to use a demand slowdown to its advantage, its chief executive said, stepping up an automation program that has already sent capital expenditure soaring.
Show more

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 44,428 employees.

  • What is SKF revenue?

    Latest SKF annual revenue is kr85.7 b.

  • What is SKF revenue per employee?

    Latest SKF revenue per employee is kr1.9 m.

  • Who are SKF competitors?

    Competitors of SKF include Wanxiang Group, Timken and Schaeffler.

  • Where is SKF headquarters?

    SKF headquarters is located at Hornsgatan 1, Göteborg.

  • Where are SKF offices?

    SKF has offices in Göteborg, Armada, Avon, Elgin and in 88 other locations.

  • How many offices does SKF have?

    SKF has 93 offices.