1455 GMT - SKF likely faces mounting currency headwinds this year, though with limited effects in the first quarter, Deutsche Bank analyst John Kim writes. Management doesn't currently see the impact of tariffs and trade tensions in the first quarter results, but Deutsche Bank expects the remainder of the year to be subdued. The bank's first quarter revenue estimate of 24.7 billion Swedish kronor is 2% below consensus while its adjusted EBIT estimate of 3.2 billion kronor is 1% below. "We expect first-quarter trading conditions to be largely unchanged from the fourth quarter, with SKF continuing to show solid execution on price mix with declining volumes." The bank keeps its hold rating and reduces its target price to 217 kronor from 227 kronor. Shares fall 0.2% to 218.20 kronor. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
March 25, 2025 10:55 ET (14:55 GMT)
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