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03:14 ET SKF advances sustainability goals by announcing six new decarbonized factories

SKF has announced that six more factories have achieved decarbonized status, advancing its sustainability goals. These sites, located in Malaysia, Mexico, India, Italy, and the USA, have reduced emissions by 95% compared to 2019 levels. SKF aims for decarbonized operations by 2030, with efforts including renewable electricity and energy-efficient technologies. This achievement supports SKF's net-zero journey and climate targets validated by the Science Based Targets initiative.

prnewswire·
US
SKF
-0.91%
prnewswire·
US
SKF
-0.91%

Top of the Street: Siemens Energy, Diageo, Natwest Group, Swedbank, Gecina, SKF

J.P. Morgan upgrades Siemens Energy to "overweight" citing strong cash flow. UBS downgrades Diageo due to U.S. market risks. Goldman Sachs downgrades Natwest and Swedbank, citing valuation and risk concerns. GS upgrades Gecina for its stable trends and dividend yield. Deutsche Bank resumes Pernod Ricard with "hold" amid challenging markets. ING initiates Gecina with "buy" for its Paris portfolio. JPM reinitiates Capgemini at "neutral" due to AI trends. Kepler Chevreux rates Man Group "buy" for diversification. JPM reinstates Alfa Laval and SKF at "neutral."

Reuters·
UK
DGE
0.00%
US
SKF
-0.91%
US
DEO
+0.28%
Reuters·
UK
DGE
0.00%
US
SKF
-0.91%
US
DEO
+0.28%

SKF falls on new financial targets, OMXS30 index up 0.4 percent

The Stockholm Stock Exchange saw the OMXS30 index rise by 0.41% amid new financial targets presented by SKF, which fell 8.2%. SKF aims for 4% organic growth and an adjusted operating margin of over 17% in the medium term. Other notable movements included Astra Zeneca up 1.6%, while Intellego plummeted 43.3% due to accounting allegations. Autoliv raised its dividend by 2.4%, and Lime Technologies appointed a new CEO. Berenberg upgraded Beijer Ref to a buy, boosting its share price by 1.9%.

marketscreener·
US
ALV
-0.22%
US
SKF
-0.91%
marketscreener·
US
ALV
-0.22%
US
SKF
-0.91%

SKF hosts Capital Markets Day; announces updated strategy and new financial targets

SKF hosted its Capital Markets Day in Stockholm, announcing a strategic separation of its Automotive business to enhance value creation. The new long-term financial targets for the Industrial business include 4% organic growth and an adjusted operating margin of over 19%. The Automotive business aims for above-market growth and a high single-digit operating margin post-separation. SKF reaffirms its sustainability goals and plans to optimize its footprint and supply chain, with the Automotive separation expected to be operationally ready for listing by mid-2026.

Reuters·
US
SKF
-0.91%
Reuters·
US
SKF
-0.91%

SKF introduces ARCTIC15 bearing steel for aeroengines, aiming to redefine industry standards. #Innovation #SKF #Aeroengine

In Sweden's city of Gothenburg on November 6, 2025, SKF has introduced a groundbreaking steel named ARCTIC15 designed for aeroengine bearings. This innovative material is temperature-resistant and corrosion-tolerant, aiming to enhance the efficiency of rotational mechanisms. This development is crucial as the Aerospace sector pushes towards achieving sustainability goals, with a focus on reaching net zero emissions.

Unusual Whales·
US
SKF
-0.91%
Unusual Whales·
US
SKF
-0.91%
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