Trade SKF B - SKFb CFD

SKF Company profile

About AB SKF

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.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, AB SKF revenues increased 9% to SEK81.73B. Net income increased 71% to SEK7.33B. Revenues reflect Industrial segment increase of 8% to SEK58.56B, Automotive segment increase of 14% to SEK23.17B, Asia/Pacific segment increase of 8% to SEK25.42B, Latin America segment increase of 36% to SEK5.34B, North America segment increase of 1% to SEK17.38B.

Equity composition

05/2008, Capital repayment of SEK 5.