SKF

OverviewSuggest Edit

SKF is a company that develops, designs, and manufactures bearings, seals, and lubrication systems. It 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 Ratings3.8
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2021)42,602(+2%)
Job Openings163
Revenue (FY, 2021)KR81.7 B(+10%)
Share Price (May 2022)KR169.9(-2%)
Cybersecurity ratingAMore
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Key People/Management at SKF

Rickard Gustafson

Rickard Gustafson

President and CEO
Victoria Van Camp

Victoria Van Camp

Chief Technology Officer and Senior Vice President, Technology Development
Mathias Lyon

Mathias Lyon

General Counsel and Senior Vice President, Group Legal and Compliance
Niclas Rosenlew

Niclas Rosenlew

Chief Financial Officer Och Senior Vice President, Group Finance
Manish Bhatnagar

Manish Bhatnagar

President, Industrial Region India and Southeast Asia
John Schmidt

John Schmidt

President, Industrial Region Americas
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SKF Office Locations

SKF has offices in Göteborg, Avon, Dexter, Elgin and in 111 other locations
Göteborg, SE (HQ)
Sven Wingquists Gata 2
Tiranë, AL
Autostrada Tiranë - Elbasan
Thenia, DZ
Cité El Louz (Les Amandiers)
Area de Promoción El Triángulo, AR
Av. Olivos 4109
Rosario, AR
Ruta AO12 Km1.3
Tortuguitas, AR
Au Panamericana
Show all (121)

SKF Financials and Metrics

SKF Revenue

SKF's revenue was reported to be kr81.73 b in FY, 2021
SEK

Revenue (FY, 2021)

81.7b

Gross profit (FY, 2021)

25.9b

Net income (FY, 2021)

7.6b

EBITDA (FY, 2021)

14.0b

EBIT (FY, 2021)

10.8b

Market capitalization (13-May-2022)

77.4b

Closing stock price (13-May-2022)

169.9

Cash (31-Dec-2021)

13.2b

EV

80.2b
SKF's current market capitalization is kr77.4 b.
Annual
SEKFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

85.7b86.0b74.9b81.7b

Cost of goods sold

(60.3b)(59.9b)(55.4b)(56.0b)

Gross profit

26.8b26.6b19.8b25.9b

R&D expense

(2.6b)(2.7b)(2.5b)(2.8b)
Quarterly
SEKQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

21.3b22.5b21.0b20.1b16.6b18.6b19.9b20.7b20.1b

Cost of goods sold

(15.0b)(16.0b)(15.1b)(14.4b)(12.7b)(13.5b)(13.3b)(13.5b)(13.9b)

Gross profit

6.3b6.5b6.1b5.8b4.1b5.1b6.6b7.3b6.3b

R&D expense

(653.0m)(683.0m)(648.0m)
Annual
SEKFY, 2018FY, 2019FY, 2020FY, 2021

Cash

10.4b6.4b14.1b13.2b

Accounts Receivable

13.8b14.0b12.3b14.0b

Prepaid Expenses

2.7b3.2b3.5b4.2b

Inventories

17.8b18.1b15.7b21.0b
Quarterly
SEKQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Accounts Receivable

15.6b15.6b15.1b14.9b12.4b13.1b14.8b15.1b13.9b

Inventories

18.8b18.8b19.2b19.5b18.1b16.8b16.9b18.4b19.4b
Annual
SEKFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

11.0b9.4b7.1b10.8b

Depreciation and Amortization

2.5b3.3b3.4b3.3b

Inventories

(525.0m)277.0m1.5b(4.3b)

Accounts Payable

(76.0m)326.0m396.0m970.0m
Quarterly
SEKQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

2.7b5.2b10.1b2.3b2.9b7.1b2.7b5.6b10.9b

Depreciation and Amortization

834.0m1.7b3.4b866.0m1.7b3.4b796.0m1.8b3.2b

Inventories

998.0m(598.0m)(2.3b)(3.6b)

Accounts Payable

1.2b156.0m(355.0m)
SEKFY, 2018

Revenue/Employee

1.9m
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SKF Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Countries

130130130130130130

Manufacturing Facilities

115108103941039187

New Product Launches

1518134120

Patent Applications

461191192202201200246

SKF Acquisitions / Subsidiaries

Company NameDateDeal Size
EFOLEX ABSeptember 01, 2021
RubicoAugust 31, 2021
GoPlantNovember 13, 2019
Form Automation SolutionsNovember 11, 2019
Presenso Ltd.October 07, 2019
Hofmann Engineering North AmericaSeptember 23, 2019
RecondOil Sweden ABJune 20, 2019kr10 m
GLOiSeptember 10, 2014
KaydonSeptember 05, 2013
S2MDecember 21, 2007
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SKF Revenue Breakdown

Embed Graph

SKF revenue breakdown by business segment: 35.8% from INDUSTRIAL MARKET, 14.2% from AUTOMOTIVE MARKET, 35.8% from INDUSTRIAL and 14.2% from AUTOMOTIVE

SKF Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

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

Embed Graph

SKF Company Culture

  • Overall Culture

    A+

    81/100

  • CEO Rating

    A+

    84/100

  • Compensation

    A

    78/100

  • Diversity

    A+

    84/100

Learn more on Comparably

SKF News and Updates

Filtration system boosts oil lifetime

HELSINKI, April 28, 2022 /PRNewswire/ -- SKF's oil filtration system, which removes nano-sized impurities, is now available in compact form - helping a wider range of users to reap the benefits of cleaner oil Gothenburg, Sweden, 28 April 2022: SKF RecondOil's technology, which removes...

SKF First-quarter report 2022: Strong growth with improved industrial margin

“In the first quarter, we managed to deliver strong results and growth in an external environment characterized by supply constraints and big uncertainties following the war in Ukraine and the Covid-situation in China. Organic growth in the quarter was 6.5%, driven by strong sales in most regions. I…

SKF has decided to exit Russia

Gothenburg, 22 April 2022:SKF today announces that it has decided to cease all business and operations in Russia. The intention is to divest the business in a controlled manner with the clear ambition of ensuring a future for SKF’s employees in Russia. Rickard Gustafson, President and CEO, says: “Th…

SKF Recognized by General Motors as Overdrive Award Winner and a 2021 Supplier of the Year

SKF, a leading global manufacturer of bearings, seals, and lubrication, has been named an Overdrive Award winner as part of GM's 30th annual Supplier of the Year awards. "We're grateful to be recognized for our tenth GM Supplier of the Year award and the third year in a row in the Brake Foundations …

SKF’s first quarter results to be published on 26 April

Gothenburg, 13 April 2022: SKF will publish its first quarter results for 2022 on 26 April 2022 at approximately 08:00 (CEST). To join the webcast, please login at least 10 minutes before the start using the below link or phone numbers. Passcode: 410557 All information regarding the results will be …

SKF statement on media reporting related to sales in Russia

GÖTEBORG, Sweden, April 1, 2022 /PRNewswire/ -- SKF would like to make the following statement in relation to recent media reporting related to sales to certain companies in the Russian nuclear weapons program. SKF takes this information very seriously and carries out an investigation to...
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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 Rickard Gustafson, Victoria Van Camp and Mathias Lyon.

  • How many employees does SKF have?

    SKF has 42,602 employees.

  • What is SKF revenue?

    Latest SKF annual revenue is kr81.7 b.

  • What is SKF revenue per employee?

    Latest SKF revenue per employee is kr1.9 m.

  • Who are SKF competitors?

    Competitors of SKF include KAP, NTN and Freudenberg Group.

  • Where is SKF headquarters?

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

  • Where are SKF offices?

    SKF has offices in Göteborg, Avon, Dexter, Elgin and in 111 other locations.

  • How many offices does SKF have?

    SKF has 121 offices.