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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  SKF    SKF B   SE0000108227

SKF

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SKF : to Consolidate Aerospace Manufacturing in Europe

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12/08/2018 | 08:08am EDT

Swedish bearing manufacturer SKF (STO: SKFA), Gothenburg, Sweden, is consolidating its aerospace manufacturing footprint in Europe and has proposed closing its bearing manufacturing site in Stonehouse, England.

The closing is subject to consultation with local unions, the company said. If confirmed, the company will cease manufacturing at the site by December 31, 2021, moving production to SKFs aerospace bearing manufacturing sites in Italy and France. The move will allow SKF to make better use of more modern machines and manufacturing technologies at our sites in other parts of Europe, said Bernd Stephan, president of SKFs automotive and aerospace business.

The Stonehouse location employs approximately 185 people.

(c) 2018 South Sudan News Agency. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (SEK)
Sales 2019 85 031 M
EBIT 2019 9 367 M
Net income 2019 5 743 M
Debt 2019 7 681 M
Yield 2019 3,92%
P/E ratio 2019 12,58
P/E ratio 2020 12,17
EV / Sales 2019 0,95x
EV / Sales 2020 0,92x
Capitalization 72 914 M
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 21
Average target price 142  SEK
Spread / Average Target -11%
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Managers
NameTitle
Alrik Danielson President, Chief Executive Officer & Director
Hans Torgny Stråberg Chairman
Kent Viitanen President-Bearing Operations
Christian Johansson Chief Financial Officer & Senior Vice President
Peter Grafoner Independent Director
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