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0.0114795918367347 0.0114795918367347 0.0204081632653061 0.0204081632653061 0.0204081632653061 0.0289115646258505 0.0212585034013605 0.0244472789115647
Stock impact report

SKF announces new business segments and releases restated figures [Yahoo! Finance]

SKF AB S/ADR (SKFRY) 
NASDAQ:AMEX Investor Relations: skf.com/group/investors/investor-relations
Company Research Source: Yahoo! Finance
The purpose of these changes is to reflect the Group's strategic focus and to provide increased transparency ahead of the planned separation of the Automotive business. SKF is also publishing restated financial information for the new segments for 2024 and 2025. New segment structure Under the new structure, SKF will report three business segments including two industrial segments – Bearing Solutions and Specialized Industrial Solutions (SIS) – and one Automotive segment. SIS include, as previously communicated, the stand-alone and strategic core businesses Aerospace, Lubrication Lifetime Solutions, Sealing Solutions, and Magnetic Solutions. In addition to the three business segments, corporate function costs as well as internal sales between the Industrial segments and the Automotive segment are reported under "Other". Previously these costs and transactions were included in the business segments. From 2026, Automotive carries their own central costs which are reported in the A Show less Read more
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