Kent Viitanen - AB SKF President

SKFA Stock  EUR 17.34  0.22  1.29%   

President

Mr. Kent Viitanen has served as President, Bearing Operations at AB SKF since September 8, 2017. He had previously been Senior Vice President, People, Communication and Quality at the Company. He joined SKF in 1988 and has most recently been the Director for SKFs Renewable Energy business. He has held a number of global managerial positions mainly within manufacturing, as well the position of Human Resources Director for the former SKF Industrial Division. He is Board Member of Chalmers University of Technology and Gothenburg University School of Executive Education. He studied Business and Economics at the School of Business, Economics and Law at University of Gothenburg. since 2017.
Age 58
Tenure 7 years
Phone46 3 13 37 10 00
Webhttps://www.skf.com

AB SKF Management Efficiency

The company has return on total asset (ROA) of 0.0507 % which means that it generated a profit of $0.0507 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0977 %, meaning that it generated $0.0977 on every $100 dollars invested by stockholders. AB SKF's management efficiency ratios could be used to measure how well AB SKF manages its routine affairs as well as how well it operates its assets and liabilities.
AB SKF has accumulated 13.28 B in total debt with debt to equity ratio (D/E) of 58.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. AB SKF has a current ratio of 2.05, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist AB SKF until it has trouble settling it off, either with new capital or with free cash flow. So, AB SKF's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like AB SKF sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SKFA to invest in growth at high rates of return. When we think about AB SKF's use of debt, we should always consider it together with cash and equity.

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AB SKF offers bearings, seals, condition monitoring, lubrication systems, and services. The company was founded in 1907 and is headquartered in Gothenburg, Sweden. SKF AB is traded on Frankfurt Stock Exchange in Germany. AB SKF (SKFA) is traded on Frankfurt Exchange in Germany and employs 42,641 people.

Management Performance

AB SKF Leadership Team

Elected by the shareholders, the AB SKF's board of directors comprises two types of representatives: AB SKF inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SKFA. The board's role is to monitor AB SKF's management team and ensure that shareholders' interests are well served. AB SKF's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AB SKF's outside directors are responsible for providing unbiased perspectives on the board's policies.
Theo Kjellberg, Director Relations
Kent Viitanen, Senior Vice President Group People & Business Excellence
John Schmidt, President Industrial Sales Americas
Carina Berg, Director Accounting
Joakim Landholm, VP Transformation
Rickard Gustafson, CEO Pres
Annika Olme, Chief Officer
Patrik Stenberg, Head of Investor Relations
Niclas Rosenlew, CFO, Senior Vice President
Mathias Lyon, Gen Compliance

SKFA Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is AB SKF a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in SKFA Stock

AB SKF financial ratios help investors to determine whether SKFA Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SKFA with respect to the benefits of owning AB SKF security.