SKF AB Class B shares (0NWX)

Profile

https://www.skf.com

SKF AB Class B shares represent ownership in AB SKF, a Sweden-based multinational corporation founded in 1907 in Gothenburg and recognized as the world's largest bearing manufacturer. The company specializes in high-precision rolling bearings, seals, mechatronics, lubrication systems, and condition monitoring solutions, complemented by services such as maintenance, asset optimization, engineering consultancy, and training. Operating through Industrial and Automotive segments, SKF supplies customized products for diverse applications including electric vehicle e-powertrains, wind turbines, aerospace, railways, mining, motorsports like Formula One, heavy industries, material handling, and household appliances. With over 38,000 employees across 108 facilities in 130 countries and 17,000 distributor locations worldwide, it generates net sales primarily from industry (around 70%) and automotive (around 30%), distributed across Europe, Americas, Asia, and other regions. Headquartered in Gothenburg, SKF emphasizes innovation, sustainability, energy efficiency, and quality certifications like ISO 14001, serving blue-chip clients such as General Electric and Rolls-Royce while playing a pivotal role in the industrials sector, particularly machinery and components.