Trelleborg Release Half-Yearly Report
Trelleborg, the industrial group specialising in advanced polymer and applied technology, has released its six-month interim report. The document supports a view of sustained “favourable growth and improved earnings”.
The Swedish firm, which has operations in 40 countries, has announced that: “The order and delivery scenario remained favourable during the second quarter, with organic growth of 7 percent; Operating profit for the quarter in continuing operations, excluding items affecting comparability, was the strongest to date and increased to SEK 734 M from 596, while the operating margin increased to 8.7 percent from 7.5; Four acquisitions were completed during the quarter, adding combined annual sales of approximately SEK 750 M; and As a result of the restructuring program for Trelleborg Automotive that was announced in April 2008 that affects the Fluid Solutions business unit, operating profit for the quarter was charged with SEK 353 M and SEK 238 M after tax.”
President and CEO of the company, Peter Nilsson stated on release of the report that the last three months had represented “Another strong quarter that emphasizes that our long-term focus on profitable segments is yielding results.”