STOCK TITAN

SKF AB - SKFRY STOCK NEWS

Welcome to our dedicated news page for SKF AB (Ticker: SKFRY), a resource for investors and traders seeking the latest updates and insights on SKF AB.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SKF AB's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SKF AB's position in the market.

Rhea-AI Summary
SKF reports resilient margins and strong cash flow despite a slowdown in demand. Net sales increased to SEK 25.8 billion with organic growth being relatively flat. Adjusted operating profit was SEK 2.9 billion with a margin of 11.5%. The Aerospace business will focus on core segments and explore options to exit non-core business lines. Outlook for Q4 2023 expects a low single-digit organic sales decline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
none
-
Rhea-AI Summary
SKF inaugurates factory in Monterrey, Mexico, with a SEK 700 million investment. The facility will develop and manufacture deep-groove ball bearings and tapered roller bearings for North American car manufacturers and industrial customers. The factory is expected to generate 1,200 jobs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
Tags
none
-
Rhea-AI Summary
AB SKF confirms conversion of shares from Series A to Series B, resulting in a share capital of SEK 1,138,377,670 and a total of 29,376,933 shares of Series A and 425,974,135 shares of Series B. The number of votes in the Company is 71,974,346.5. AB SKF does not hold any own shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
none
Rhea-AI Summary
AB SKF announces the members of the Nomination Committee for the Annual General Meeting 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
none
-
Rhea-AI Summary
Sophie Arnius appointed as Head of Investor Relations at SKF
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.03%
Tags
management
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.58%
Tags
none
SKF AB

OTC:SKFRY

SKFRY Rankings

SKFRY Stock Data

9.30B
335.20M
0.06%
Ball and Roller Bearing Manufacturing
Manufacturing
Link
Sweden
Gothenburg