SSKFExecutive Cockpit

Business Overview

How AB SKF turns the data from its factories, distributor network, condition-monitoring cloud and separation PMO into one trusted picture — and into the decisions that compound into shareholder value.

AB SKF (SKF Group) · FY2025 (Jan–Dec 2025, audited anchor)
World's largest bearing maker today — clear #1 in industrial bearings
37,271 employees · 90+ sites · 130 countries
The SKF Operating Platform

From friction to intelligence.
One source of truth.

A global industrial group usually can't answer a simple question the same way twice across bearings, specialized industrial solutions and the Automotive spin-off. SKF can — because every number is unified into one governed truth, then served as the exact answer each leader needs to act.

Before

Many systems, many answers

Plant MES / WCMSegment ledgers (SAP)Condition-monitoring cloudDistributor portalSeparation PMO trackerCommodity / FX feedsPlant logs

Each segment and factory keeps its own books. A simple question — “what's our adjusted margin?” — returns a different number from each system, days later.

After

One governed truth

One ontologyGolden recordsOne metric dictionaryConfidence-flagged

Data is resolved, federated and defined once — so the same question returns the same trusted number, live, for everyone.

How it works

Five moves, raw data to realized value

Built around how leaders actually work

Every role has a journey — and an outcome

Sign in as any leader and the cockpit becomes theirs: their queue, their views, their guided path from question to decision. Here is what that looks like.

RG
Rickard Gustafson
President & CEO
The challenge

Bearing Solutions, SIS and Automotive run on a patchwork of plant MES, condition-monitoring, ERP and separation-PMO systems — no single, trustworthy read on whether the industrial pure-play thesis and the Vertevo separation are on track.

What they get

One live enterprise picture and a ranked queue of the highest-value moves across the three segments.

Their day, better

Walks into the board meeting with the answer — not a three-day data pull.

SL
Susanne Larsson
CFO & Chief Sustainability Officer · Margin · Cash · Returns
The challenge

Adjusted vs reported margin, the separation working-capital build and the fortress balance sheet (0.8×) are buried across segment ledgers and the carve-out.

What they get

P&L, working capital, covenant headroom and shareholder value in one governed pane — plus an agentic scenario planner.

Their day, better

Sees the path to >17% margin, the cash to fund it, and the post-spin optionality in seconds.

💰CFO: margin → cash → returns

Earnings to cash to value: the consolidated P&L (adjusted 12.7% vs reported 8.5%), currency and working capital, the fortress 0.8× balance sheet and its post-spin optionality, segment economics, and the listed-company valuation view.

Start Susanne's journey →
BD
Board of Directors
Chair Hans Stråberg · FAM 29.2% votes · Cevian 8.1%
The challenge

Hard to know if margin, the aftermarket resilience and the separation are compounding shareholder value — and how it reads against Schaeffler, Timken and the pending NSK–NTN merger.

What they get

The value-creation plan, adjusted-earnings quality and the EV / market-cap bridge, governance-grade — with the Vertevo listing tracked.

Their day, better

Reads the return, the fortress balance sheet and the dividend story at a glance.

KE
Kerstin Enochsson
President Automotive · CEO, SKF Vertevo
The challenge

The Automotive spin-off's restated numbers, aftermarket and margin sit apart from the group's industrial view ahead of the Q4 2026 listing.

What they get

The Vertevo perimeter — restated sales, vehicle aftermarket and the margin path to its stand-alone targets.

Their day, better

Sees where Vertevo is winning — and where the next efficiency lands ahead of listing.

🧲Condition monitoring, magnetics & new energy

Grow the intelligent, less-cyclical engines — condition monitoring & services, magnetic solutions for high-speed and data-centre demand, aerospace and new energy: where the demand signals are, the portfolio & capex moves behind them, the segments they lift, the contract book, and the margin they add.

Start Kerstin's journey →
HL
Hans Landin
President — Specialized Industrial Solutions
The challenge

Aerospace, lubrication, sealing and magnetic order books surface too late, unit by unit.

What they get

Live SIS demand — the aerospace ramp, magnetic / data-centre, lubrication & sealing — and the margin-expansion path.

Their day, better

Runs the growth engine without firefighting — aerospace qualified, magnetics scaling, margin up.

🏭Operate the factories & supply chain

Sense → decide → act across the factory and logistics network: the towers, the agents that act, delivery & contract health, the workforce, and steel & sourcing risk.

Start Hans's journey →
MB
Manish Bhatnagar
President — Industrial, Americas & Australia
The challenge

Americas & Australia industrial demand, tariff-compensating pricing and the footprint consolidation are each tracked in their own silo.

What they get

The Americas industrial book, region-for-region capacity and the US → Monterrey consolidation in one place.

Their day, better

Sees where the Americas is turning on pricing — and where to put the next regional capex.

Annika Ölme
CTO & SVP Group Technology Development
The challenge

Condition monitoring, magnetics and new-energy R&D scattered across desks and geographies.

What they get

Funnel → forecast → condition-monitoring, magnetic and humanoid-robotics wins and REP renewals, in one flow.

Their day, better

Knows where the next technology win comes from and defends the high-quality book.

🧲Condition monitoring, magnetics & new energy

Grow the intelligent, less-cyclical engines — condition monitoring & services, magnetic solutions for high-speed and data-centre demand, aerospace and new energy: where the demand signals are, the portfolio & capex moves behind them, the segments they lift, the contract book, and the margin they add.

Start Annika's journey →
The value-creation engine

Four pillars, each with its levers, agents and a number

Rickard Gustafson runs SKF on four priorities. Each pillar has concrete levers, a standing AI agent (or desk) working it, and a live goal with a target — so the thesis is measurable, not a slogan.

🏭Industrial Pure-Play — the Vertevo Separation

Complete the Automotive carve-out and list SKF Vertevo (Q4 2026, Lex Asea) — leaving a focused industrial pure-play.

Levers
  • Execute production-line transfers & stand-alone costs
  • Governance, Vertevo board, EGM & Lex Asea distribution
  • Restated reporting; the retained Industrial re-rates
Separation readinessOn track
78%100%
Open Industrial Pure-Play — the Vertevo Separation
📈Intelligent & Clean Growth — >17% Margin

Scale SIS (aerospace, magnetic) and pricing, lifting the adjusted operating margin from 12.7% toward >17% mid-term (>19% long-term).

Levers
  • Ramp aerospace & magnetic / data-centre demand
  • Complete rightsizing (~BSEK 2) & bank the WCM benefit
  • Decarbonized factories (−79% vs 2019)
Adj operating marginBehind
12.7%17%
Open Intelligent & Clean Growth — >17% Margin
🌍Regionalization & Resilient Manufacturing

Region-for-region manufacturing and footprint optimization — produce where you sell, hedging tariffs and FX.

Levers
  • Consolidate the Americas footprint (US → Monterrey)
  • China-for-China & India / SEA capacity
  • Green & recycled steel sourcing
Regional supply shareOn track
78%90%
Open Regionalization & Resilient Manufacturing
🔧Aftermarket, Services & Condition Monitoring

Grow the recurring aftermarket & services book (>50% of Industrial) — distribution, condition monitoring (@ptitude / IMx / Axios) & REP contracts.

Levers
  • Attach condition monitoring across ~17,000 distributors
  • Grow the vehicle aftermarket & RecondOil circularity
  • Lift the aftermarket mix 37% → 40%
Aftermarket & services revenueOn track
SEK 33.5 bnSEK 36.0 bn
Open Aftermarket, Services & Condition Monitoring
One shared language

Everything connects to the plant

The ontology is the model behind the truth: ten classes, one keystone. The factory / site is where segment, leader, legal entity and geography reconcile — so a number computed anywhere foots everywhere.

rolls up togrouped inoperated byrun bylocated inservesruns onsupplied byFactorythe keystoneAB SKFplatformSegment3Brand10Leader16Geography4Channel5+Contract · Asset12,500Supplier6
See it whole

Every subject, composed into one 360

A 360 assembles everything the platform knows about one subject — graph context, governed metrics, external signals — into one role-ready surface a person and an agent read the same way.

Order to cash

Follow the money, end to end

One spine shows the value, the conversion, the days and the leakage at every handoff — from order to collected cash, with bearing inventory and OEM-platform / separation working-capital drag at each step. The biggest pools: distributor inventory and aged receivables.

OrderGrindAssembleShipBillCollect
Walk the cycle
The engine room

Invest it, transform it fast, prove it returns — and trust every number

The industrial pure-play shift and the Vertevo separation only work if the transformation moves fast and the thesis is provable — and only matter if the numbers tie out. A standing reconciliation harness proves each metric equals the sum of its parts.

What it compounds into

The same governed data, the same decisions — a better business

SEK 91.6 bn
Net sales
Bearing Solutions · Specialized Industrial Solutions (SIS) · Automotive (SKF Vertevo)
SEK 11.7 bn
Adj. operating profit
12.7% margin
SEK 6.9 bn
Net cash flow after inv.
funds growth & returns
SEK 33.5 bn
Aftermarket & services
37% of revenue
0.8×
Net leverage
fortress at 0.8×
📖
See it all come together
Read the SKF story, end to end

The full operating narrative — demand and markets, the three segments, manufacturing and geography, the aftermarket spine, the financials and the Vertevo separation — as one continuous scroll.

The SKF Story

See it as you

Pick a leader and walk their journey, ask the cockpit a question, or look under the hood.