SKF plans to split its automotive business to enhance its market competitiveness

SKF Group of Sweden announced that it will list its automotive business on the Nasdaq Stockholm Stock Exchange in the first half of 2026. This decision aims to enable the automotive business to more effectively respond to changes in the global automotive market and seize more profitable growth opportunities through independent operation. SKF Group's 2023 financial report shows that its automotive business has net sales of 30 billion Swedish kronor, while its industrial business has net sales of 73 billion Swedish kronor.