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AB SKF (publ) (SKF-B.ST)

Stockholm - Stockholm Real-time price. Currency in SEK
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169.00+3.50 (+2.11%)
At close: 05:29PM CEST
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Previous close165.50
Open165.90
Bid168.35 x 0
Ask168.45 x 0
Day's range165.10 - 169.00
52-week range142.15 - 234.60
Volume917,752
Avg. volume1,518,862
Market cap77.876B
Beta (5Y monthly)1.25
PE ratio (TTM)12.96
EPS (TTM)13.04
Earnings dateN/A
Forward dividend & yield7.00 (4.23%)
Ex-dividend date25 Mar 2022
1y target est189.45
  • Reuters

    Bearings maker SKF profit lags, sticks with sales outlook

    STOCKHOLM (Reuters) -Sweden's SKF, the world's biggest maker of industrial bearings, reported quarterly earnings below market expectations on Wednesday but retained its outlook for like-for-like sales growth this year amid volatile demand. Like many global manufacturers, SKF has been hit by industry-wide supply chain issues and cost inflation which it has sought to mitigate by raising prices and cutting spending. Second-quarter adjusted operating earnings fell to 2.47 billion Swedish crowns ($241.58 million) from 3.12 billion a year earlier, lagging the 2.73 billion mean analysts' forecast according to Refinitiv estimates.

  • Reuters

    SKF boosted by strong profits, price rises as Russian exit hits sales growth outlook

    STOCKHOLM (Reuters) -SKF has cut its outlook for sales growth this year due to its planned exit from Russia, after reporting first-quarter profits well above expectations on the back of strong demand and its ability to raise prices. "We have seen a very strong demand across our industries," CEO Rickard Gustafson told a news conference on Tuesday, adding the company had been able to drive prices and other cost mitigation actions effectively. Investment bank Jefferies said in its view, the lower growth guidance still implied an upgrade to the previous one, adjusting for Russia and Ukraine.

  • Reuters

    Sweden's SKF to exit Russia, take 500 million SEK write-down

    STOCKHOLM (Reuters) -Swedish bearings maker SKF said on Friday it would leave Russia and take a related write-down of 500 million crowns ($52.4 million) in the second quarter. Sales in Russia accounted for roughly 2% of the company's total sales in 2021. "The Russian invasion of Ukraine has a severe effect on our operations in both Ukraine and Russia," SKF CEO Rickard Gustafson said in a statement.