SKF AB
Company Profile
Business description
SKF’s history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF and Schaeffler Group are the top two global ball bearing suppliers, followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world’s ball bearings. However, most of them have sector niches, as ball bearings for industrial purposes are engineered for specific applications. SKF is based in Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, with a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.
Contact
Sven Wingquists Gata 2
Gothenburg415 50
SWET: +46 313371000
Sector
Industrials
Stock type
Sensitive
Industry
Tools & Accessories
Fiscal Year End
31 December 2026
Employees
37,271
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Markets
Index | Last price | Change | % Change |
|---|---|---|---|
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| NASDAQ | 25,602.85 | 563.75 | -2.15% |
| Nikkei 225 | 69,788.38 | 2,565.58 | -3.55% |
| NZX 50 Index | 13,435.77 | 10.28 | -0.08% |
| S&P 500 | 7,367.73 | 105.06 | -1.41% |
| S&P/ASX 200 | 8,787.00 | 48.10 | -0.54% |
| SSE Composite Index | 4,106.25 | 56.85 | -1.37% |