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As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay
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SKF Increases Shift Towards Carbon Neutral Manufacturing
SKF says coronavirus impact factored in to Q1 outlook
SKF says Q1 volume uncertainty driven partly by coronavirus impact
AB Skf is a Sweden-based supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The Company's services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training. The Company's segments include Industrial and Automotive. The Company develops and manufactures a range of products for the industrial market, including bearings, seals, lubrication systems and condition monitoring. It also provides a range of services and solutions around the rotating shaft in the areas of machine health, reliability engineering and remanufacturing. The Company provides a range of products, solutions and services to manufacturers of cars, light and heavy trucks, trailers, buses and two-wheelers. The vehicle aftermarket is served directly, as well as indirectly through a network of distributors and dealers.
Independent Chairman of the Board
President, Chief Executive Officer, Director
Chief Financial Officer, Senior Vice President
General Counsel; Senior Vice President, Group People, Communication, Legal and Sustainability; Secretary to the Board
Victoria Van Camp
Chief Technology Officer and President, Innovation and Business Development
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* SKF shares rise 6.5% (Adds background, detail, CEO comments, updates shares)
Sweden's SKF, the world's largest maker of ball-bearings, reported adjusted quarterly operating earnings ahead of market forecasts on Tuesday and said it expected year-on-year demand to be lower in the first quarter.
Swedish bearings maker SKF has signed a performance-based deal with Brazil's largest steelmaker, Gerdau, aimed at increasing productivity and reducing unplanned downtime at two of Gerdau's steel mills.
Sweden's SKF <SKFb.ST>, the world's largest ball-bearing maker, forecast lower year-on-year demand in the fourth quarter, overshadowing in-line quarterly operating earnings and sending shares lower on Tuesday.
Sweden's SKF, the world's largest maker of ball-bearings, forecast lower year-on-year demand in the fourth quarter on Tuesday, overshadowing in-line quarterly operating earnings and sending shares lower.
Swedish engineering company SKF aims to use a demand slowdown to its advantage, its chief executive said, stepping up an automation program that has already sent capital expenditure soaring.
Swedish bearings maker SKF <SKFb.ST> forecast stable demand for its main industrial business in the third quarter and cited unexpected signs of improvement in the battered Chinese car market, spurring a 4% rise in shares.
Sweden's SKF, the world's biggest maker of industrial bearings, on Wednesday forecast slightly lower year-on-year demand in the third quarter after restructuring costs pushed its second-quarter operating earnings just below market forecasts.
Bearings maker SKF said it plans to spend around 450 million Swedish crowns (£37.6 million) in its deep groove ball bearing (DGBB) manufacturing and would take 140 million in restructuring costs due to an automation investment in Italy.
Sweden's SKF said it would pass on the impact from U.S. tariffs on its industrial seals and bearings produced in Mexico to customers after U.S. President Donald Trump threatened to slap tariffs on imports from its southern neighbour.
* IT experience in focus as SKF digitises, automates operations
Sweden's SKF named Niclas Rosenlew as chief financial officer on Tuesday, as the industrial ball bearings maker announced that its current finance head Christian Johansson was leaving immediately to pursue an external opportunity.
Sweden's SKF reported forecast-beating first quarter operating earnings boosted by strong results in its main industrial business, showing its ability to handle slowing demand ahead.
Sweden's SKF, the world's largest maker of industrial bearings, reported quarterly operating earnings ahead of market expectations on Thursday but forecast slightly lower demand in the second quarter versus the year-ago period.
Sweden's SKF , the world's largest industrial bearings maker, forecast unchanged demand in the first quarter, reassuring investors amid growing signs of a global slowdown and sending its shares up 4 percent.
SKF, the world's largest maker of industrial bearings, reported stronger than expected quarterly sales growth and an in-line operating profit on Tuesday while forecasting roughly unchanged demand for the group in the first quarter.
SKF <SKFb.ST> has reached a settlement with Daimler <DAIGn.DE> over the Swedish engineering group's alleged participation in a ball bearings cartel, drawing a line under its disputes with automakers over this issue.
Sweden's SKF, the world's largest maker of industrial bearings, is investing 150 million Swedish crowns ($17 million) to increase competitiveness by automating some manufacturing, it said on Thursday.
Swedish industrial bearings maker SKF needs to increase its focus on cost-cutting to stay "ahead of the curve" in an uncertain macroeconomic environment, Chief Executive Alrik Danielson told Reuters in an interview on Wednesday.
Swedish industrial bearings maker SKF <SKFb.ST> needs to increase its focus on cost-cutting to stay "ahead of the curve" in an uncertain macroeconomic environment, Chief Executive Alrik Danielson told Reuters in an interview on Wednesday.
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