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You are here: Home1 / News2 / Company News3 / Trelleborg Wheel Systems Sales Down for 2009

Trelleborg Wheel Systems Sales Down for 2009

Date: 17th February 2010 Author: Admin Comments: 0

Trelleborg AB reports that its Trelleborg Wheel Systems division achieved net sales of SEK 2,991 million (₤263.6 million) during the previous financial year, a decrease of 19.3 per cent on its 2008 result. In releasing its figures for January to December, the Swedish manufacturer notes “organic sales declined 26 per cent, exchange-rate effects were 7 per cent and structural changes 0 per cent. Net sales are lower as a result of a significant decrease in demand for industrial tyres and lower agricultural-tyre sales. Demand for agricultural tyres showed some variation in the various sub-segments, where the trend for large dimensions was better in relative terms, but demand for this product group also fell toward year-end.”

These lower sales figures had an impact on operating profit, which weakened 22 per cent to SEK 283 million (₤24.9 million). Trelleborg comments that “operating profit in 2009 was lower than in 2008, primarily as a result of lower sales. Despite the lower volume the business area has kept the operating margin on the same level (9.5%) as 2008 (9.8%).”

Overall, the Trelleborg Group attained annual profits of SEK 27,059 million (₤2.4 billion), down 14.4 per cent, while 2009 profit stood at SEK 419 million (₤36.9 million), as opposed to a loss of SEK 258 million in 2008.

Related news:

  1. Demand for Industrial Tyres Lifts Trelleborg Wheel System sales
  2. Divestment Part of Trelleborg’s Continued Focus on Selected Segments
  3. Trelleborg awarded for ProgressiveTraction technology
  4. Trelleborg Wheel Systems posts positive 2013 results
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agricultural tyres, Company News, financials, industrial tyres, operating profit, Trelleborg, Wheel

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