SKF Group financials
SKF Group
Country: SE Reporting currency: SEK Latest annual report: 2024-12-31
LEI:
894500JU9WRAJQOVBI12 Financial statements
(SEK, as reported — unscaled; 94 line items across 2 annual periods)
| Line item | 2024 | 2023 |
|---|---|---|
| Income statement | ||
| Cost of sales | SEK 71.35B | SEK 77.54B |
| Gross profit | SEK 27.37B | SEK 26.34B |
| Administrative expenses | SEK 601.0M | SEK 607.0M |
| Operating profit (EBIT) | SEK 10.34B | SEK 11.08B |
| Finance costs | SEK 1.73B | SEK 2.32B |
| Profit before tax | SEK 9.09B | SEK 9.18B |
| Income tax expense | SEK 2.20B | SEK 2.40B |
| Profit for the year | SEK 6.89B | SEK 6.78B |
| — attributable to owners | SEK 6.47B | SEK 6.39B |
| — attributable to NCI | SEK 413.0M | SEK 382.0M |
| Total comprehensive income | SEK 10.46B | SEK 3.35B |
| Per share | ||
| Basic EPS | SEK 14.22 | SEK 14.04 |
| Free cash flow / share | SEK 11.80 | SEK 16.64 |
| Cash flow statement | ||
| Net cash from operating activities | SEK 10.79B | SEK 13.78B |
| Income taxes paid | SEK 2.36B | SEK 2.59B |
| Net cash from investing activities | -SEK 5.60B | -SEK 5.87B |
| Purchase of PP&E (capex) | SEK 5.08B | SEK 5.75B |
| Purchase of intangibles | SEK 14.0M | SEK 11.0M |
| Net cash from financing activities | -SEK 7.57B | -SEK 4.51B |
| Dividends paid | SEK 3.83B | SEK 3.36B |
| Lease liability payments | SEK 885.0M | SEK 863.0M |
| Net change in cash | -SEK 2.38B | SEK 3.40B |
| Balance sheet | ||
| Total assets | SEK 119.41B | SEK 111.90B |
| Non-current assets | SEK 57.62B | SEK 51.99B |
| Property, plant & equipment | SEK 30.47B | SEK 26.82B |
| Right-of-use assets | SEK 3.56B | SEK 2.96B |
| Intangible assets & goodwill | SEK 12.57B | SEK 11.96B |
| Current assets | SEK 60.20B | SEK 59.92B |
| Inventories | SEK 26.18B | SEK 23.19B |
| Cash & equivalents | SEK 11.03B | SEK 13.31B |
| Total equity | SEK 61.97B | SEK 54.96B |
| — attributable to owners | SEK 59.65B | SEK 52.74B |
| Non-controlling interests | SEK 2.32B | SEK 2.21B |
| Non-current liabilities | SEK 27.31B | SEK 29.33B |
| Lease liabilities (non-current) | SEK 2.71B | SEK 2.21B |
| Current liabilities | SEK 30.00B | SEK 27.61B |
| Lease liabilities (current) | SEK 802.0M | SEK 629.0M |
| Deferred tax liabilities | SEK 1.91B | SEK 1.22B |
| Derived metrics | ||
| Free cash flow | SEK 5.71B | SEK 8.03B |
| Operating margin | 10.5% | 10.7% |
| Net margin | 7.0% | 6.5% |
| Return on equity | 11.1% | 12.3% |
| Cash conversion ratio | 1.57× | 2.03× |
| Capex coverage | 2.13× | 2.40× |
| Other reported items | ||
| Adjustments For Decrease Increase In Inventories | -SEK 2.22B | SEK 1.71B |
| Adjustments For Decrease Increase In Trade Account Receivable | SEK 872.0M | -SEK 656.0M |
| Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | SEK 4.43B | SEK 4.30B |
| Adjustments For Increase Decrease In Trade Account Payable | SEK 850.0M | SEK 43.0M |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | -SEK 15.0M | SEK 2.0M |
| Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method | SEK 23.0M | SEK 98.0M |
| Bonds Issued | SEK 12.69B | SEK 15.69B |
| Cash and Cash Equivalents In Subsidiary Or Businesses Acquired Or Disposed2013 | SEK 110.0M | SEK 0 |
| Cash Flows From Losing Control of Subsidiaries Or Other Businesses Classified As Investing Activities | SEK 0 | SEK 25.0M |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | SEK 587.0M | SEK 0 |
| Comprehensive Income Attributable To Noncontrolling Interests | SEK 524.0M | SEK 263.0M |
| Comprehensive Income Attributable To Owners of Parent | SEK 9.94B | SEK 3.08B |
| Contributions To Plan By Employer Net Defined Benefit Liability Asset | -SEK 210.0M | -SEK 212.0M |
| Current Financial Liabilities | SEK 4.56B | SEK 3.43B |
| Current Provisions | SEK 1.16B | SEK 1.25B |
| Deferred Tax Assets | SEK 3.37B | SEK 3.11B |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | SEK 3.53B | SEK 3.42B |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | SEK 7.75 | SEK 7.50 |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | SEK 103.0M | -SEK 348.0M |
| Equity and Liabilities | SEK 119.41B | SEK 111.90B |
| Finance Income | SEK 479.0M | SEK 413.0M |
| Gains Losses On Exchange Differences On Translation Net of Tax | SEK 2.91B | -SEK 3.14B |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | SEK 0 | SEK 0 |
| Income Tax Relating To Remeasurements of Defined Benefit Plans of Other Comprehensive Income | SEK 150.0M | -SEK 83.0M |
| Investments In Subsidiaries Joint Ventures and Associates | SEK 565.0M | SEK 467.0M |
| Miscellaneous Other Operating Expense | SEK 1.65B | SEK 2.65B |
| Miscellaneous Other Operating Income | SEK 1.26B | SEK 2.70B |
| Noncurrent Financial Assets | SEK 1.42B | SEK 1.17B |
| Noncurrent Provisions For Employee Benefits | SEK 8.50B | SEK 8.80B |
| Other Adjustments For Noncash Items | SEK 961.0M | SEK 1.53B |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | SEK 731.0M | -SEK 297.0M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | SEK 2.91B | -SEK 3.22B |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | SEK 661.0M | -SEK 214.0M |
| Other Current Financial Assets | SEK 330.0M | SEK 742.0M |
| Other Current Nonfinancial Assets | SEK 6.06B | SEK 5.86B |
| Other Current Nonfinancial Liabilities | SEK 10.93B | SEK 11.07B |
| Other Income Expense From Subsidiaries Jointly Controlled Entities and Associates | SEK 38.0M | SEK 60.0M |
| Other Intangible Assets | SEK 4.67B | SEK 5.04B |
| Other Longterm Provisions | SEK 1.42B | SEK 1.34B |
| Other Noncurrent Assets | SEK 982.0M | SEK 454.0M |
| Other Noncurrent Nonfinancial Liabilities | SEK 80.0M | SEK 83.0M |
| Postemployment Benefit Expense Defined Benefit Plans | -SEK 1.21B | -SEK 1.06B |
| Proceeds From Disposals of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | SEK 80.0M | SEK 68.0M |
| Proceeds From Noncurrent Borrowings | SEK 464.0M | SEK 122.0M |
| Repayments of Noncurrent Borrowings | SEK 3.15B | SEK 122.0M |
| Research and Development Expense | SEK 3.33B | SEK 3.30B |
| Revenue From Contracts With Customers | SEK 98.72B | SEK 103.88B |
| Sales and Marketing Expense | SEK 12.76B | SEK 11.45B |
| Trade and Other Payables To Trade Suppliers | SEK 12.55B | SEK 11.24B |
| Trade Receivables | SEK 16.60B | SEK 16.81B |
Methodology
Every line item above is a fact tagged in SKF Group's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (SEK), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.