|Bid||168.35 x 0|
|Ask||168.45 x 0|
|Day's range||165.10 - 169.00|
|52-week range||142.15 - 234.60|
|Beta (5Y monthly)||1.25|
|PE ratio (TTM)||12.96|
|Forward dividend & yield||7.00 (4.23%)|
|Ex-dividend date||25 Mar 2022|
|1y target est||189.45|
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.
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.
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.