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SKF AB (SKFB.SG)

Stuttgart - Stuttgart Delayed Price. Currency in EUR
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20.14+0.27 (+1.38%)
As of 02:02PM CEST. Market open.
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Previous Close19.86
Open19.80
Bid20.14 x 500000
Ask20.25 x 500000
Day's Range19.80 - 20.14
52 Week Range13.51 - 21.05
Volume0
Avg. Volume17
Market CapN/A
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters

    Bearings maker SKF Q1 core profit beats, sees sales dip in Q2

    Sweden's SKF, the world's biggest maker of industrial bearings, reported adjusted first-quarter earnings that topped market expectations in the face of slowing demand and said it expected softer like-for-like sales in the second quarter. SKF reported adjusted operating earnings of 3.30 billion Swedish crowns ($303 million) in the quarter compared to 3.48 billion a year ago and above a mean forecast of 3.11 billion, according to a LSEG compilation of analyst estimates. The Gothenburg-based company, whose bearings are found in products such as cars, tools and wind turbines, forecast a mid-single-digit like-for-like sales decline in the second quarter after sales fell 7% organically in the first quarter.

  • Reuters

    Bearings maker SKF core profit beats forecast, lifting shares

    STOCKHOLM (Reuters) -Sweden's SKF, the world's biggest maker of industrial bearings, reported adjusted fourth-quarter earnings that beat market expectations on Wednesday, shrugging off a slowdown in like-for-like sales to send its shares up 7%. "In 2024, we expect to see continued market volatility and geopolitical uncertainty and the business is prepared to tackle different scenarios."

  • Reuters

    Sweden's SKF cuts sales outlook as downturn begins to bite

    STOCKHOLM (Reuters) -Sweden's SKF cut its outlook for like-for-like annual sales on Friday after the world's biggest maker of industrial bearings narrowly missed third-quarter core earnings expectations. The manufacturer, seen as a gauge of global industrial demand, forecast a fall in fourth-quarter like-for-like sales as a slowing economy weighs. SKF said adjusted operating earnings rose by 39% to 2.96 billion Swedish crowns ($266 million) in the third quarter from 2.13 billion a year earlier to come in just below analysts' mean forecast of 3.06 billion, LSEG estimates showed.