AB SKF 2018 AR2
The report highlights SKF's record financial and operational achievements in 2018, including a 7.1% increase in organic sales and a record operating profit of SEK 11.0 billion. The company made significant progress toward a circular economy, reducing its manufacturing carbon dioxide emissions per tonne of sold bearings by 24% compared to the 2015 baseline. Key strategic milestones included opening new Rotating Equipment Performance (REP) Centres in Gothenburg and Schweinfurt, and divesting the linear and actuation technology business for SEK 2.75 billion. Additionally, SKF expanded its presence in the electric vehicle market by signing 23 new deals with Chinese manufacturers of New Energy Vehicles.
Company: AB SKF
Sector: Industrials
Country: Sweden
Year: 2018
Type: AR2
Pages: 168
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AB SKF
Annual Report
The report highlights SKF's record financial and operational achievements in 2018, including a 7.1% increase in organic sales and a record operating profit of SEK 11.0 billion. The company made significant progress toward a circular economy, reducing its manufacturing carbon dioxide emissions per tonne of sold bearings by 24% compared to the 2015 baseline. Key strategic milestones included opening new Rotating Equipment Performance (REP) Centres in Gothenburg and Schweinfurt, and divesting the linear and actuation technology business for SEK 2.75 billion. Additionally, SKF expanded its presence in the electric vehicle market by signing 23 new deals with Chinese manufacturers of New Energy Vehicles.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Employees