Last €17.97 EUR
Change Today +0.078 / 0.44%
Volume 0.0
SKFA On Other Exchanges
Symbol
Exchange
OTC US
Stockholm
Stockholm
OTC US
Frankfurt
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As of 3:01 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

skf ab-a shs (SKFA) Snapshot

Open
€17.97
Previous Close
€17.90
Day High
€17.97
Day Low
€17.97
52 Week High
09/20/13 - €21.38
52 Week Low
04/22/14 - €17.79
Market Cap
8.2B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
38.3M
EX-Date
03/31/14
P/E TM
--
Dividend
€5.65
Dividend Yield
3.43%
Current Stock Chart for SKF AB-A SHS (SKFA)

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skf ab-a shs (SKFA) Details

AB SKF provides products, solutions, and services in the areas of rolling bearings, seals, mechatronics, and lubrication systems. Its products include bearings, units, and housings; seals; lubrication solutions; linear motion systems; actuation systems; magnetic systems; maintenance products; condition monitoring systems; power transmission products; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, engines, drivelines, suspension, and transmission products, as well as tools and lubricants for cars and trucks. The company’s services comprise asset management, business consulting, customer training, engineering consultancy, logistics, mechanical maintenance, remanufacturing and maintenance, and remote monitoring and diagnosis services. AB SKF offers its solutions for various industries, including aerospace, agriculture, cars and light trucks, compressors, construction, electric motors, food and beverage, home appliances, industrial fans, industrial pumps, industrial transmissions, machine tool, marine, material handling, medical and health care, metals, mining and mineral processing, cement, oil and gas, portable power tools, pulp and paper, racing, railways, skates, solar energy, traditional power, trucks, trailers and buses, two and three wheelers, and wind energy. The company markets its products directly, as well as through a network of distributors and dealers worldwide. AB SKF was founded in 1907 and is headquartered in Gothenburg, Sweden.

48,802 Employees
Last Reported Date: 07/15/14
Founded in 1907

skf ab-a shs (SKFA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: kr12.6M
Compensation as of Fiscal Year 2013.

skf ab-a shs (SKFA) Key Developments

AB SKF Reports Unaudited Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

AB SKF reported unaudited consolidated and parent earnings results for the second quarter and six months ended June 30, 2014. For the quarter, on consolidated basis, the company reported net sales of SEK 17,955 million compared to SEK 16,392 million a year ago. Operating profit was SEK 2,096 million compared to SEK 1,837 million a year ago. Profit before taxes was SEK 1,761 million compared to SEK 1,627 million a year ago. Net profit was SEK 1,187 million compared to SEK 1,104 million a year ago. Net profit attributable to shareholders of the parent was SEK 1,156 million compared to SEK 1,077 million a year ago. Basic and diluted earnings per share were SEK 2.54 compared to SEK 2.36 a year ago. Net cash flow used in operations was SEK 768 million compared to net cash flow from operations of SEK 1,611 million a year ago. Payments for intangible assets, PPE and businesses were SEK 653 million compared to SEK 485 million a year ago. The operating profit was affected by one-time costs in the second quarter by around SEK 120 million compared to SEK 190 million a year ago. Additionally, the financial net in the second quarter and half year were affected by one-time costs of around SEK 100 million. For the six months, on consolidated basis, the company reported net sales of SEK 34,689 million compared to SEK 31,544 million a year ago. Operating profit was SEK 4,120 million compared to SEK 3,317 million a year ago. Profit before taxes was SEK 3,548 million compared to SEK 2,864 million a year ago. Net profit was SEK 2,462 million compared to SEK 1,922 million a year ago. Net profit attributable to shareholders of the parent was SEK 2,394 million compared to SEK 1,870 million a year ago. Basic and diluted earnings per share were SEK 5.26 compared to SEK 4.10 a year ago. Net cash flow used in operations was SEK 454 million compared to net cash flow from operations of SEK 2,014 million a year ago. Payments for intangible assets, PPE and businesses were SEK 1,247 million compared to SEK 1,781 million a year ago. Net debt as at June 30, 2014 was SEK 30,705 million compared to SEK 18,741 million as at June 30, 2013. ROE for the 12-month period was 7.2% compared to 18.9% a year ago. The operating profit was affected by one-time costs in the half year by SEK 0 million compared to SEK 440 million a year ago. Additionally, the financial net in the half year were affected by one-time costs of around SEK 100 million. For the quarter, on parent basis, the company reported revenue of SEK 1,330 million compared to SEK 1,050 million a year ago. Operating loss was SEK 314 million compared to SEK 534 million a year ago. Profit before taxes was SEK 822 million compared to SEK 5,107 million a year ago. Net profit was SEK 927 million compared to SEK 5,246 million a year ago. For the six months, on parent basis, the company reported revenue of SEK 2,572 million compared to SEK 1,996 million a year ago. Operating loss was SEK 461 million compared to SEK 1,000 million a year ago. Profit before taxes was SEK 585 million compared to SEK 4,533 million a year ago. Net profit was SEK 780 million compared to SEK 4,796 million a year ago.

SKF Wins Order of Dongfang Electric New Energy Equipment

SKF announced that it has been selected to deliver Nautilus bearings for Dongfang Electric New Energy Equipment (Hangzhou) Co Ltd.'s order of wind turbines outside China.

AB SKF Provides Earnings Guidance for the Half Year of 2014

AB SKF provided earnings guidance for the half year of 2014. The company will report one-time items of around SEK 220 million impacting profit before taxes in the second quarter of 2014. The operating profit will include one-time costs of around SEK 110 million and the financial net will include a one-time cost of around SEK 110 million. The company will report restructuring and one-time costs of around SEK 100 million impacting operating profit. The company will report a negative one-time impact on the operating profit of around SEK 10 million and a negative one-time impact on the financial net of around SEK 110 million related to changes in currency regulation and currency rates in Venezuela which significantly impacts the value of the balance sheet in this country when converted into SEK.

 

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Industry Analysis

SKFA

Industry Average

Valuation SKFA Industry Range
Price/Earnings 51.5x
Price/Sales 1.1x
Price/Book 3.7x
Price/Cash Flow 47.2x
TEV/Sales 0.6x
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