Overview
SKF is a world-leading provider of innovative solutions that help industries become more competitive and sustainable. The company produces a variety of bearings and units, seals, and lubrication systems, condition monitoring, and related products and services. SKF's products are used all over the world and in a large variety of rotating applications, ranging from renewable energy, such as wind and ocean power, to heavy industries like mining,
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Read More metal, and pulp and paper. Its products are also used in cars and commercial vehicles, as well as in railways, aerospace, and household appliances. It operates in about 130 countries worldwide and has around 17,000 distributors worldwide. Most of its revenue was generated from the EMEA region.
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Read More metal, and pulp and paper. Its products are also used in cars and commercial vehicles, as well as in railways, aerospace, and household appliances. It operates in about 130 countries worldwide and has around 17,000 distributors worldwide. Most of its revenue was generated from the EMEA region.
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Bo Rickard Gustafsson
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Business Support Services
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Administrative and Support Services
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Administrative and Support and Waste Management and Remediation Services
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Business services, nec
Employment Services
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Facilities Support Services
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Investigation and Security Services
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Office Administrative Services
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Other Support Services
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Remediation and Other Waste Management Services
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Services to Buildings and Dwellings
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Travel Arrangement and Reservation Services
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Actual
$9.05 billion
Actual
-4.97%
1.24%
$119,413
DEC
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OMXStk:SKF B
Contacts
Get in Touch with 23 Principals*
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Bo Rickard GustafssonManaging Director and Member of the Board of Directors
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Contact 2?
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Contact 3?
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Financial Statements
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$9.05 billion
USD
Actual
1 USD = 10.9074 SEK
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $989 | $1,264 | $517 |
| Net Investing Cash | -$514 | -$538 | -$490 |
| Net Financing Cash | -$694 | -$414 | -$312 |
| Net Change in Cash | -$218 | $312 | -$285 |
| Cash at Beginning of Period | $1,220 | $940 | $1,212 |
| Cash at End of Period | $1,011 | $1,220 | $940 |
| Capital Expenditure | -$467 | -$528 | -$478 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $1,011 | $1,220 | $940 |
| Accounts Receivable | $1,522 | $1,541 | $1,550 |
| Inventories | $2,400 | $2,126 | $2,388 |
| Other Current Assets | $732 | $605 | $604 |
| Asset Summary | |||
| Total Current Assets | $5,665 | $5,493 | $5,482 |
| Tangible Fixed Assets | $3,120 | $2,730 | $2,565 |
| Intangible Assets | $428 | $463 | $536 |
| Total Assets | $119,413 | $111,903 | $110,923 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $1,151 | $1,030 | $1,063 |
| Short-Term Debt | $360 | $291 | $16 |
| Other Current Liabilities | $1,251 | $1,211 | $1,162 |
| Liability Summary | |||
| Total Current Liabilities | $2,763 | $2,532 | $2,241 |
| Long-Term Debt | $1,155 | $1,405 | $1,666 |
| Other Long-Term Liabilities | $7 | $8 | $4 |
| Total Liabilities | $5,267 | $5,221 | $5,215 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $104 | $104 | $104 |
| Retained Earnings | $4,846 | $4,477 | $4,118 |
| Equity Summary | |||
| Total Equity | $5,469 | $4,836 | $4,761 |
| Shares Outstanding | 455,351,068 | 455,351,068 | 455,351,068 |