Annual report incl. Sustainability Report 2006

2006, the last year in the SKF Group’s first 100 years, was again a very good year for the SKF Group in terms of both financial performance and the steps we have taken to strengthen the Group for the future.

In 2006, our earnings per share increased by 23% to SEK 9.48. Combined with a strong cash flow, balance sheet and outlook for the Group, this has enabled the AB SKF Board to propose that the Annual General Meeting should increase the dividend by 12.5% to SEK 4.50 per share and to propose having a combined share split and redemption programme which will give each shareholder two shares, one of which will be automatically redeemed at SEK 10. Both these actions will return some SEK 6.6 billion in total to our shareholders. In addition, the Board will ask the Annual General Meeting to renew the mandate to repurchase SKF shares to have the possibility to manage the capital structure of the company going forward.

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