SKF AB Class B
SKF B: XSTO (SWE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| t#> | LOCK|K<h | LOCK|VR!C<% |
SKF Earnings: Margins Hold Firm, but Cash Flow Disappoints; Shares Undervalued
SKF’s first-quarter revenue declined 3% year over year, but disciplined pricing and mix kept adjusted operating margin at 13.5%, despite the seventh consecutive quarter of negative organic growth. Cash flow fell 45% to SEK 977 million, reflecting higher working capital.
