SKF ETF

GOTHENBURG, Sweden , Nov. 29, 2024 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As per 29 November 2024 there are a total of 455,351,068 number of shares in AB SKF, out of which 29,218,846 shares are of Series A and 426,132,222 shares are of Series B.

SKF faces declining demand in key regions and pressure from currency fluctuations, impacting revenue growth despite cost-cutting efforts. The company continues to explore new markets, investing 90% of its R&D budget into high-growth areas like high-speed machinery, aerospace, and electric vehicles. It maintains strong financial health with a high-interest coverage ratio of 47.5x, indicating low insolvency risk even during profitability fluctuations.

GOTHENBURG, Sweden , Sept. 30, 2024 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following.

SKF is facing short-term growth challenges, with declining sales and weak demand across key markets, particularly in China and North East Asia. Despite a -7.4% organic sales decline in Q2, profitability remains strong, aided by cost-cutting and strategically exiting unprofitable business lines. The company is investing in R&D, decentralizing operations, and planning a spin-off of its vehicle business, potentially unlocking value.

GOTHENBURG, Sweden , Sept. 11, 2024 /PRNewswire/ -- In accordance with the Nomination Committee Charter adopted at the Annual General Meeting of AB SKF, the members, who, together with the Chair of the Board, constitutes the Nomination Committee in preparation of the Annual General Meeting 2025 has been elected.

GOTHENBURG, Sweden , Aug. 30, 2024 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As per 30 August 2024, there are a total of 455,351,068 shares in AB SKF, out of which 29,265,933 shares are of Series A and 426,085,135 shares are of Series B.

Chicago, June 28, 2024 (GLOBE NEWSWIRE) -- The Aircraft Seals Market Size is projected to grow from USD 3.1 Billion in 2023 to USD 3.8 Billion by 2028, at a CAGR of 4.1% from 2023 to 2028. Aircraft seals are in responsible for keeping fluids, gases, and other media contained within an aircraft's numerous systems.

AB SKF, The Timken, ESAB, Kaiser Aluminum and Northwest Pipe have been highlighted in this Industry Outlook article.