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AB SKF

SKFb.ST

Latest Trade

182.70SEK

Change

0.50(+0.27%)

Volume

129,499

Today's Range

181.55

 - 

184.60

52 Week Range

127.35

 - 

186.65

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

Latest Developments

AB Skf Issues Its First Green Bond

Nov 8 (Reuters) - AB Skf <SKFb.ST>::AB SKF - SKF ISSUES ITS FIRST GREEN BOND.BOND WILL RAISE EUR 300 MILLION TO FUND ELIGIBLE GREEN PROJECTS IN ACCORDANCE WITH SKF'S RECENTLY LAUNCHED GREEN FINANCE FRAMEWORK.VALUE OF GREEN BOND IS EUR 300 MILLION WITH A DURATION OF TEN YEARS.BOND HAS A FIXED RATE AND CARRIES A COUPON OF 0.875% ANNUALLY.

SKF Completes EUR 255 Mln Buy-Back Of Bonds Maturing 2020 And 2022

Nov 7 (Reuters) - AB Skf <SKFb.ST>::COMPLETES EUR 255M BUY-BACK OF BONDS MATURING 2020 AND 2022, UPDATES FINANCIAL NET.HAS COMPLETED BUY-BACK OF EUR 51 MILLION AND EUR 204 MILLION OF OUTSTANDING BONDS MATURING IN 2020 AND 2022 RESPECTIVELY..FINANCIAL NET FOR Q4 2019 IS NOW EXPECTED TO BE APPROXIMATELY SEK -360 MILLION, COMPARED TO GROUP'S PREVIOUS GUIDANCE OF SEK -250 MILLION..

SKF Acquires Industrial AI Company

Oct 7 (Reuters) - Skf <SKFb.ST>::ACQUIRES INDUSTRIAL AI COMPANY.ACQUIRES INDUSTRIAL AI COMPANY.ACQUISITION IS SUBJECT TO CERTAIN REGULATORY APPROVALS AND IS EXPECTED TO BE COMPLETED DURING Q4 2019.SKF HAS SIGNED AN AGREEMENT TO ACQUIRE PRESENSO LTD., A COMPANY THAT DEVELOPS AND DEPLOYS ARTIFICIAL INTELLIGENCE (AI)-BASED PREDICTIVE MAINTENANCE SOFTWARE.

AB Skf: Nancy Gougarty Resigns From The Board

Oct 7 (Reuters) - AB Skf <SKFb.ST>::NANCY GOUGARTY RESIGNS FROM THE BOARD OF AB SKF.NANCY GOUGARTY HAS DECIDED TO LEAVE BOARD OF AB SKF FOR PERSONAL REASONS AS A RESULT OF HAVING BEEN SUBJECT OF U.S. SECURITIES AND EXCHANGE COMMISSION PROCEEDINGS CONCERNING VIOLATIONS OF U.S. FOREIGN CORRUPT PRACTICES ACT, UNRELATED TO AB SKF.RESIGNATION IS WITH IMMEDIATE EFFECT.

Moelven Initiates Collaboration With SKF

Oct 3 (Reuters) - AB Skf <SKFb.ST>::MOELVEN INITIATES COLLABORATION WITH SKF.

SKF CEO says saw China auto market flattening out at end of Q2

July 17 (Reuters) - AB Skf <SKFb.ST>::SKF CEO SAYS WE SEE FOR THE FIRST TIME IN A LONG TIME A FLATTENING OUT OF THE CHINESE AUTOMOTIVE MARKET.SKF CEO SAYS JUNE WAS BETTER THAN EARLIER IN THE QUARTER IN THE CHINESE AUTOMOTIVE MARKET.

SKF Q2 Operating Profit Down At SEK 2.54 Bln

July 17 (Reuters) - AB Skf <SKFb.ST>::ENTERING Q3 OF 2019, WE EXPECT TO SEE SLIGHTLY LOWER VOLUMES FOR GROUP, RELATIVELY UNCHANGED FOR INDUSTRIAL AND LOWER FOR AUTOMOTIVE.OPERATING PROFIT FOR Q2 WAS SEK 2,539 MILLION, INCLUDING COSTS FOR RESTRUCTURING AND IMPAIRMENTS OF 317 MILLION.Q2 NET SALES WERE SEK 22.5 BILLION, A DROP IN ORGANIC SALES OF 1.6% COMPARED TO LAST YEAR..SALES WERE RELATIVELY UNCHANGED IN EUROPE, SLIGHTLY LOWER IN ASIA AND NORTH AMERICA AND SIGNIFICANTLY HIGHER IN LATIN AMERICA.OUR OPERATING PERFORMANCE WAS POSITIVELY IMPACTED BY COST REDUCTIONS AND PRICE.RESTRUCTURING AND IMPAIRMENT COSTS ON OTHER HAND HAD A NEGATIVE IMPACT OF SEK 317 MILLION.Q3 OUTLOOK: DEMAND FOR SKF'S PRODUCTS AND SERVICES IS EXPECTED TO BE SLIGHTLY LOWER FOR GROUP, INCLUDING RELATIVELY UNCHANGED DEMAND FOR INDUSTRIAL AND LOWER DEMAND FOR AUTOMOTIVE.Q3 OUTLOOK: DEMAND IS EXPECTED TO BE RELATIVELY UNCHANGED IN ASIA, SLIGHTLY LOWER IN EUROPE AND NORTH AMERICA AND SLIGHTLY HIGHER IN LATIN AMERICA..Q3 OUTLOOK: FINANCIAL NET: SEK -245 MILLION.Q3 OUTLOOK: CURRENCY IMPACT ON OPERATING PROFIT IS EXPECTED TO BE AROUND SEK +130 MILLION COMPARED WITH Q3 2018, BASED ON EXCHANGE RATES PER 30 JUNE 2019..2019 OUTLOOK: TAX LEVEL EXCLUDING EFFECT RELATED TO DIVESTED BUSINESSES: AROUND 28%.2019 OUTLOOK: ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT: AROUND SEK 2,800 MILLION.

SKF Acquires Cleantech Start-Up Company

June 20 (Reuters) - AB Skf <SKFb.ST>::ACQUIRES CLEANTECH START-UP COMPANY.SKF HAS ACQUIRED RECONDOIL SWEDEN AB, A SWEDISH CLEANTECH START-UP.RECONDOIL'S TURNOVER IN 2017 WAS SEK 10 MILLION.ACQUISITION WILL STRENGTHEN GROUP'S LUBRICATION MANAGEMENT BUSINESS AND ROTATING EQUIPMENT PERFORMANCE OFFER..

SKF Shifts Some Production From Italy To Asia And Eastern Europe

June 19 (Reuters) - AB Skf <SKFb.ST>::INVESTS SEK 450 MILLION IN DEEP GROOVE BALL BEARING MANUFACTURING.STAFF REDUCTIONS CONNECTED TO AUTOMATION INVESTMENTS IN BARI WILL RESULT IN RESTRUCTURING COSTS OF APPROXIMATELY SEK 140 MILLION IN Q2 OF 2019.APPROXIMATELY SEK 30 MILLION IS BEING INVESTED IN TECHNOLOGY AND CAPACITY UPGRADES IN EXISTING FACTORIES IN ASIA AND EASTERN EUROPE..SKF IS INVESTING APPROXIMATELY SEK 450 MILLION IN IMPROVING COMPETITIVENESS OF ITS DEEP GROOVE BALL BEARING (DGBB) OFFERING.INVESTMENT IN BARI FACTORY TOTALS APPROXIMATELY SEK 50 MILLION.AUTOMATED PRODUCTION CHANNEL IN BARI IS EXPECTED TO BE COMPLETED DURING SECOND HALF OF 2020..THIS INCLUDES SHIFTING SOME PRODUCTION FROM BARI, ITALY TO ASIA AND EASTERN EUROPE.NEW FACTORY IS EXPECTED TO BE FULLY OPERATIONAL DURING FIRST HALF OF 2020.DGBB MANUFACTURING IN CHINA IS TO BE CONSOLIDATED INTO A NEW FACTORY.AN AUTOMATED PRODUCTION CHANNEL IS ALSO BEING IMPLEMENTED IN BARI.INVESTMENT TOTALING APPROXIMATELY SEK 370 MILLION IS BEING MADE IN A NEW DGBB FACTORY IN XINCHANG, CHINA.INVESTMENT IN BARI FACTORY TOTALS APPROXIMATELY SEK 50 MILLION AND WILL LEAD TO AUTOMATION OF MANUAL OPERATIONS AND A FLEXIBLE AND MORE COMPETITIVE MANUFACTURING PROCESS.ASSOCIATED STAFF REDUCTIONS WILL RESULT IN RESTRUCTURING COSTS OF APPROXIMATELY SEK 140 MILLION.AUTOMATED PRODUCTION CHANNEL IN BARI IS EXPECTED TO BE COMPLETED DURING SECOND HALF OF 2020.

SKF says Fiat, Bosch has initiated lawsuits related to European Commission settlement

April 25 (Reuters) - AB Skf <SKFb.ST>::SKF SAYS FIAT CHRYSLER HAS INITIATED LAWSUIT AGAINST SKF AND OTHER BEARINGS MAKERS RELATED TO EUROPEAN COMMISSION SETTLEMENT.SKF SAYS BOSCH HAS ALSO INITIATED LAWSUIT.

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

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