SKF reports record profits and record sales for the first quarter of 2006. Operating profit increased by 33% and sales were up 12%. Earnings per share increased by more than 40%.
SKF has signed an agreement to acquire the remaining 50% of the Norwegian company RC DEI Norge AS from the AGR Group.
SKF has acquired 51% of the shares of the North American seals company Macrotech Polyseal Inc. As part of the agreement SKF will acquire the remaining 49% within three years. Macrotech is a leader in fluid power seals based on…
Mr. Bo-Inge Stensson has been appointed Senior Vice President, SKF Group Demand Chain, which incorporates Supply Chain and Purchasing. He will take up his position on 15 May 2006. From the same date he will also become a member of the SKF Group Management.
Erik Nelander, currently Managing Director, SKF Sverige AB and Manufacturing Cluster Manager, Self Aligning Bearings, Industrial Division, has been appointed Director, SKF Aerospace Business Unit as from 1 April 2006.
SKF has received an order from Alstom for approximately 1 500 axleboxes equipped with compact tapered roller bearing units.
SKF reports record profits and record sales for the full year of 2005 and for the fourth quarter of 2005. The Board proposes a 33% increase in the dividend to SEK 4 per share and a share buy-back programme. The outlook is for continued volume growth for the first quarter of 2006.
SKF has decided to rationalise its divisional structure and reduce the number of divisions within the Group. As from January 1, 2006 the Aero and Steel Division as well as the Electrical Division will be…
SKF has acquired Sommers Industriteknik AB, a distributor of Vogel lubrication systems located in Linköping, Sweden.
SKF reports an increase in sales of 11.4% for the second quarter 2005, measured in local currencies and compared to last year. Profit before taxes increased by 26%. The operating margin was 10,9% for the second quarter.
