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AB SKF

SKFb.ST

Latest Trade

212.00SEK

Change

-7.80(-3.55%)

Volume

2,404,433

Today's Range

211.40

 - 

216.80

52 Week Range

195.10

 - 

259.00

As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
219.80
Open
216.80
Volume
2,404,433
3M AVG Volume
34.81
Today's High
216.80
Today's Low
211.40
52 Week High
259.00
52 Week Low
195.10
Shares Out (MIL)
455.35
Market Cap (MIL)
100,122.80
Forward P/E
13.65
Dividend (Yield %)
2.96

Next Event

Q4 2021 AB SKF Earnings Release

Latest Developments

More

SKF Q3 Operating Profit At SEK 2.59 Bln, Below Estimates

SKF Acquires Lubrication Filtration Business

SKF Signs Long-Term Agreement With Stadler Rail In Germany

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About AB SKF

AB Skf is a Sweden-based supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The Company's services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training. The Company's segments include Industrial and Automotive. The Company develops and manufactures a range of products for the industrial market, including bearings, seals, lubrication systems and condition monitoring. It also provides a range of services and solutions around the rotating shaft in the areas of machine health, reliability engineering and remanufacturing. The Company provides a range of products, solutions and services to manufacturers of cars, light and heavy trucks, trailers, buses and two-wheelers. The vehicle aftermarket is served directly, as well as indirectly through a network of distributors and dealers.

Industry

Misc. Fabricated Products

Contact Info

Sven Wingqvists gata 2

415 26

Sweden

+46.31.3371000

http://www.skf.com/

Executive Leadership

Hans Straberg

Independent Chairman of the Board

Rickard Gustafson

President, Chief Executive Officer

Niclas Rosenlew

Chief Financial Officer, Senior Vice President

Mathias Lyon

Senior Vice President, General Counsel, Group Legal, Reinsurance, Brand Protection and Real Estate & Facility Management

Ann-Sofie Zaks

Senior Vice President of Human Resources

Key Stats

2.52 mean rating - 25 analysts
Sell
Hold
Buy
Revenue (MM, SEK)

2018

85.7K

2019

86.0K

2020

74.9K

2021(E)

80.7K
EPS (SEK)

2018

15.980

2019

12.200

2020

9.110

2021(E)

16.198
Price To Earnings (TTM)
14.00
Price To Sales (TTM)
1.25
Price To Book (MRQ)
2.47
Price To Cash Flow (TTM)
9.37
Total Debt To Equity (MRQ)
46.90
LT Debt To Equity (MRQ)
44.92
Return on Investment (TTM)
10.27
Return on Equity (TTM)
7.66

Latest News

Latest News

Bearings maker SKF flags supply chain woes after profit miss

Bearings maker SKF warned on Tuesday of continued supply chain problems affecting its automotive business after posting third-quarter earnings below market expectations, sending its shares down nearly 6%.

Bearings maker SKF posts narrow profit beat as demand recovers

SKF, the world's biggest maker of industrial bearings, forecast on Tuesday further sales growth in the third quarter after reporting earnings slightly above forecasts despite negative currency effects and rising costs.

UPDATE 2-Bearings maker SKF shares ease after Q1 profit matches forecasts

Sweden's SKF, the world's biggest maker of industrial bearings, expects sales to reach pre-pandemic levels in the current quarter, it said on Thursday, after reporting quarterly earnings in line with forecasts.

Sweden's SKF to invest in Xinchang ball bearings plant

Sweden's SKF, the world's biggest maker of ball bearings will spend 400 million Swedish crowns ($43 million) to expand its manufacturing site in Xinchang, China, it said on Wednesday.

Sweden's SKF beats forecasts, demand outlook uncertain on pandemic

SKF <SKFb.ST>, the world's biggest maker of ball bearings, reported a smaller-than-expected drop in first-quarter operating earnings, driving its shares up even though a slump in sales at the end of the quarter due to COVID-19 clouded its outlook.

SKF reducing hours for Gothenburg workers amid virus outbreak

Sweden's SKF, the world's biggest maker of ball bearings, said on Wednesday it had struck a deal with Swedish unions to reduce working hours for around 1,500 white-collar workers in Gothenburg as it moves to cut costs amid the coronavirus outbreak.

Bearings maker SKF cuts production in automotive unit amid coronavirus fallout

Sweden's SKF <SKFb.ST>, the world's biggest maker of ball bearings, said on Thursday it was taking major steps to reduce cost as it flagged the outbreak of the new coronavirus may lead to a "material" hit to earnings from the end of March.

UPDATE 2-Cost cutting helps bearings maker SKF beat Q4 expectations, China virus clouds outlook

* SKF shares rise 6.5% (Adds background, detail, CEO comments, updates shares)

Bearings maker SKF Q4 core profit beats forecast

Sweden's SKF, the world's largest maker of ball-bearings, reported adjusted quarterly operating earnings ahead of market forecasts on Tuesday and said it expected year-on-year demand to be lower in the first quarter.

Sweden's SKF signs performance-based contract with Brazilian steelmaker Gerdau

Swedish bearings maker SKF has signed a performance-based deal with Brazil's largest steelmaker, Gerdau, aimed at increasing productivity and reducing unplanned downtime at two of Gerdau's steel mills.

SKF shares drop as demand outlook renews cyclical worries

Sweden's SKF <SKFb.ST>, the world's largest ball-bearing maker, forecast lower year-on-year demand in the fourth quarter, overshadowing in-line quarterly operating earnings and sending shares lower on Tuesday.

Bearings maker SKF sees lower Q4 demand, shares fall

Sweden's SKF, the world's largest maker of ball-bearings, forecast lower year-on-year demand in the fourth quarter on Tuesday, overshadowing in-line quarterly operating earnings and sending shares lower.

Sweden's SKF to shift automation into higher gear as markets flag

Swedish engineering company SKF aims to use a demand slowdown to its advantage, its chief executive said, stepping up an automation program that has already sent capital expenditure soaring.

Bearings maker SKF's profit falls, reassures on Chinese autos

Swedish bearings maker SKF <SKFb.ST> forecast stable demand for its main industrial business in the third quarter and cited unexpected signs of improvement in the battered Chinese car market, spurring a 4% rise in shares.

Bearings maker SKF sees slightly lower demand in Q3

Sweden's SKF, the world's biggest maker of industrial bearings, on Wednesday forecast slightly lower year-on-year demand in the third quarter after restructuring costs pushed its second-quarter operating earnings just below market forecasts.

SKF to build new factory in Xinchang, invest in automation in Bari

Bearings maker SKF said it plans to spend around 450 million Swedish crowns ($47 million) in its deep groove ball bearing (DGBB) manufacturing and would take 140 million in restructuring costs due to an automation investment in Italy.

Swedish auto supplier SKF to pass on impact of U.S. Mexico tariffs

Sweden's SKF said it would pass on the impact from U.S. tariffs on its industrial seals and bearings produced in Mexico to customers after U.S. President Donald Trump threatened to slap tariffs on imports from its southern neighbour.

UPDATE 2-SKF names Basware finance head Rosenlew as CFO

* IT experience in focus as SKF digitises, automates operations

SKF names Basware finance head Niclas Rosenlew as CFO

Sweden's SKF named Niclas Rosenlew as chief financial officer on Tuesday, as the industrial ball bearings maker announced that its current finance head Christian Johansson was leaving immediately to pursue an external opportunity.

UPDATE 1-Swedish bearings maker SKF quarterly profit tops forecasts

Sweden's SKF reported forecast-beating first quarter operating earnings boosted by strong results in its main industrial business, showing its ability to handle slowing demand ahead.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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