SKF Closes Sites to Reduce the Impact of the Spread of the Covid-19 Virus (2024)

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08:59:54 17/05/2024 pm IST
5-day change 1st Jan Change
232.6 SEK -0.13% SKF Closes Sites to Reduce the Impact of the Spread of the Covid-19 Virus (1) -2.15% +15.55%
26/04 European Midday Briefing : Solid U.S. Tech Earnings Lift Mood; PCE Print Awaited DJ
26/04 Transcript : AB SKF, Q1 2024 Earnings Call, Apr 26, 2024

SKF took major steps to reduce the impact of initiatives by authorities and it’s customers related to the spread of the Covid-19 virus on its operations, including closure of sites, reducing costs, number of employees and increasing flexibility within the workforce.

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Latest news about AB SKF

European Midday Briefing : Solid U.S. Tech Earnings Lift Mood; PCE Print Awaited DJ
Transcript : AB SKF, Q1 2024 Earnings Call, Apr 26, 2024
Bearings maker SKF Q1 core profit beats, sees sales dip in Q2 RE
Bearings maker SKF Q1 core profit beats forecast RE
AB SKF Provides Financial Guidance for the Second Quarter of 2024 CI
AB SKF Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
EMEA Morning Briefing : Shares Set to Rise After Big Tech Earnings; Eyes on U.S. PCE Data DJ
AB SKF Approves Dividend CI
SKF Joins Mission 0 Project for Development of Technologies to Eliminate Greenhouse Gas Emissions MT
SKF India Names Successor to Outgoing Managing Director MT
AB SKF Announces Changes in Group Management CI
SKF Lincoln Introduces its CLP Smart Series Pumps CI
Nordic Shares Moved Upward Friday; OX2 Topped Leaders DJ
SKF Names Manish Bhatnagar as New President of Industrial Region Americas CI
Global markets live: AMD, Alphabet, GSK, Boeing, Walmart... SKF Closes Sites to Reduce the Impact of the Spread of the Covid-19 Virus (2)
Bearings maker SKF core profit beats forecast, lifting shares RE
US Futures, European Stocks Mixed Ahead of Fed Rate Decision DJ
Transcript : AB SKF, 2023 Earnings Call, Jan 31, 2024
AB SKF Proposes Dividend CI
AB SKF Provides Financial Guidance for the First Quarter and Full Year of 2024 CI
EMEA Morning Briefing: Markets to Track Fed Decision, Corporate Earnings DJ
AB SKF Reports Earnings Results for the Full Year Ended December 31, 2023 CI
AB SKF Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 CI
SKF Inks Two Renewable Energy Certificate Purchase Agreements in US, Canada MT
SKF Secures 100% Renewable Electricity in the U.S. and Canada CI

Chart AB SKF

SKF Closes Sites to Reduce the Impact of the Spread of the Covid-19 Virus (3)

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Company Profile

AB SKF specializes in manufacturing and marketing of bearings, seals and lubrication systems. The group's activity is organized around 2 areas- sale of bearings and seals: spherical and cylindrical roller bearings, angular contact ball bearings, average deep groove ball bearings and high precision bearings, and seals primarily for car and truck manufacturers. The group also manufactures lubrication systems and rails allowing linear movements;- services: primarily technical support, maintenance and training services.Net sales break down by market between industry (70.9%) and automotive (29.1%).At the end of 2023, the group had 77 production sites worldwide.Net sales are distributed geographically as follows: Sweden (2.4%), Europe (38.4%), Americas (30%), China and Northeast Asia (19.7%), India and Southeast Asia (9.5% ).

Sector

Calendar

18/07/2024 - Q2 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR)

More about the company

Income Statement Evolution

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Ratings for AB SKF

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

SKF Closes Sites to Reduce the Impact of the Spread of the Covid-19 Virus (4)

Buy

Mean consensus

HOLD

Number of Analysts

21

Last Close Price

232.6SEK

Average target price

235.6SEK

Spread / Average Target

+1.31%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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SKF Closes Sites to Reduce the Impact of the Spread of the Covid-19 Virus (2024)
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