AB SKF |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.62 USD | -2.40% |
|
-0.87% | +2.87% |
| Apr. 26 | European Midday Briefing : Solid U.S. Tech Earnings Lift Mood; PCE Print Awaited | DJ |
| Apr. 26 | Transcript : AB SKF, Q1 2024 Earnings Call, Apr 26, 2024 |
Business Summary
- 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% ).
Number of employees: 42,602
Sales per Business
| SEK in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Industrial
70.9
%
| 69,517 | 71.7 % | 73,651 | 70.9 % | +5.95% |
Automotive
29.1
%
| 27,416 | 28.3 % | 30,230 | 29.1 % | +10.26% |
Sales per region
| SEK in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Europe, the Middle East and Africa Excluding Sweden
38.4
%
| 35,531 | 36.7 % | 39,859 | 38.4 % | +12.18% |
North and South America
30.0
%
| 29,936 | 30.9 % | 31,193 | 30.0 % | +4.20% |
China and North-East Asia
19.7
%
| 20,137 | 20.8 % | 20,509 | 19.7 % | +1.85% |
India and Southeast Asia
9.5
%
| 9,199 | 9.5 % | 9,880 | 9.5 % | +7.40% |
Sweden
2.3
%
| 2,130 | 2.2 % | 2,440 | 2.3 % | +14.55% |
Managers
| Managers | Title | Age | Since |
|---|---|---|---|
| Chief Executive Officer | 60 | 21-05-31 | |
Niclas Rosenlew
DFI | Director of Finance/CFO | 51 | 19-06-16 |
Mathias Lyon
CMP | Compliance Officer | 49 | 11-12-31 |
Annika Ölme
CTO | Chief Tech/Sci/R&D Officer | 51 | 22-10-14 |
Joakim Landholm
COO | Chief Operating Officer | 55 | 22-01-31 |
Thomas Eliasson
BRD | Director/Board Member | 59 | 20-12-31 |
Ann-Sofie Zaks
IRO | Public Communications Contact | 48 | 20-08-31 |
Sophie Arnius
IRC | Investor Relations Contact | - | Feb. 23 |
David Johansson
PRN | Corporate Officer/Principal | 43 | - |
| Sales & Marketing | - | 01-12-31 |
Members of the board
| Members of the board | Title | Age | Since |
|---|---|---|---|
| Chairman | 67 | 18-03-26 | |
| Director/Board Member | 61 | 20-03-25 | |
Richard Nilsson
BRD | Director/Board Member | 54 | 22-12-31 |
Hock Goh
BRD | Director/Board Member | 69 | 14-03-27 |
| Chief Executive Officer | 60 | 21-05-31 | |
Geert Follens
BRD | Director/Board Member | 65 | 19-03-27 |
Jonny Hilbert
BRD | Director/Board Member | 43 | 15-04-06 |
| Director/Board Member | 51 | 20-03-25 | |
| Sales & Marketing | - | 01-12-31 | |
Thomas Eliasson
BRD | Director/Board Member | 59 | 20-12-31 |
Share class
| Vote | Quantity | Free-Float | Company-owned shares | Total Float | |
|---|---|---|---|---|---|
| Stock A | 1 | 29,286,933 | 13,398,477 ( 45.75 %) | 0 | 95.72 % |
| Stock B | 0 | 426,064,135 | 422,477,032 ( 99.16 %) | 0 |
Holdings
| Name | Equities | % | Valuation |
|---|---|---|---|
SKF INDIA LIMITED 52.58% | 25,992,059 | 52.58% | 1,297,289,137 $ |
Company contact information
Group companies
| Name | Category and Sector |
|---|---|
Metal Fabrication
| |
SKF Österreich AG
 SKF Österreich AG Electrical ProductsProducer Manufacturing SKF Österreich AG develops and markets technology components and platforms. The firm''s product range encompasses actuation systems, bearings, coupling systems, lubrication solutions, linear motion systems, magnetic systems, maintenance products, seals, power transmission systems, and test and measurement equipment. Its service areas include engineering consultancy, logistics, mechanical maintenance, remanufacturing and maintenance, and remote monitoring and diagnosis. It designs solutions for the aerospace, agriculture, construction, medical and healthcare, automotive, oil and gas, and food and beverage sectors. The company was founded in 1988 and is headquartered in Steyr, Astria. |
Electrical Products
|
PT SKF Indonesia
 PT SKF Indonesia Metal FabricationProducer Manufacturing Part of SKF AB, PT SKF Indonesia is an Indonesian company that manufactures ball and roller bearings. The private company is based in Jakarta, Indonesia. |
Metal Fabrication
|
SKF Technologies India Pvt Ltd.
 SKF Technologies India Pvt Ltd. Metal FabricationProducer Manufacturing Founded in 1997, SKF Technologies India Pvt Ltd. is a subsidiary of SKF AB and specializes in manufacturing precision roller bearings. |
Metal Fabrication
|
Återförsäkringsaktiebolaget SKF
 Återförsäkringsaktiebolaget SKF Insurance Brokers/ServicesFinance Part of SKF AB, Ã…terförsäkringsaktiebolaget SKF is a Swedish company that provides insurance services. The private company is based in Gothenburg, Sweden. |
Insurance Brokers/Services
|
SKF International AB
 SKF International AB Finance/Rental/LeasingFinance Part of SKF AB, SKF International AB is a Swedish company that provides financing lending services. The private company is based in Gothenburg, Sweden. SKF International was founded in 1938. |
Finance/Rental/Leasing
|
Sector
Sales per Business
Sales per region
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.62% | 83.13B | |
| +18.28% | 71.2B | |
| +20.66% | 37.69B | |
| +14.29% | 32.06B | |
| +11.57% | 27.33B | |
| +2.23% | 27.11B | |
| +2.11% | 26.01B | |
| +16.57% | 24.74B | |
| +17.57% | 24.71B |
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