• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Beyond Covid-19 Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Tyre Tests
  • Search
  • Menu
You are here: Home1 / News2 / Product News3 / Trelleborg Wheel Systems – First Half Year Results

Trelleborg Wheel Systems – First Half Year Results

Date: 29th July 2003 Author: Tyrepress Editors Comments: 0

Figures show that Trelleborg Wheel Systems achieved sales for the first half of the year of 1,470 million Swedish Kroner (SEK), or 160.2 million Euro. Operating profit was up 33 per cent to SEK 84 million (9.

15 m Euro), compared with last year’s first half figure of SEK 63 million (6.87 m Euro). During the second quarter, turnover was SEK 713 million (77.

7 m Euro) and operating profit was SEK 39 million (4.25 m Euro). Operating profit was favourably affected by the company’s restructuring programme, an improved product mix and increased productivity.

High raw material prices were partially offset by price increases, especially in farm tyres. The European market for farm tyres declined by around eight per cent in the second quarter, partly as a reaction to the strong performance in the first quarter, partly due to lower farm revenues and uncertainty regarding EU farm subsidies. However, the radial tyre segment, where TWS is relatively strong, declined less than the rest of the market.

During the quarter, TWS launched several marketing and promotional measures to counteract the weak demand. In North America, the market for farm tyres was broadly similar to that in 2002. The market for industrial tyres in Europe, which depends to a certain extent on overall industrial performance, was down seven per cent in the second quarter, but TWS recorded positive sales development despite this.

In North America, the industrial tyre market trend was more favourable, giving TWS cause for “cautious optimism” regarding both OEM and aftermarket sales. Outside Western Europe and North America, TWS reported ongoing strong sales growth in markets such as South America, South Africa, Asia and Eastern Europe..

Related news:

  1. Schedule Outlined For A1 Grand Prix
  2. GPX Completes Purchase of MITL
  3. Conti Secures Sponsorship Deal for World Cup Qualifiers
  4. Apollo Tyres Considers More EU Acquisitions
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Related Tags

Africa, Asia, industrial tyres, marketing, North America, South Africa

Advert Location 28

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Kwik-Fit Fleet Wins Major Contract New Goodyear OTR Tyre For Mines
Scroll to top