Despite ‘timid growth’, Trelleborg reports record profit in Q2

24th July 2014 | 0 Comments
 

Sweden’s Trelleborg AB states that its net sales increased two per cent year-on-year in the second quarter of 2014 to SEK 5,725 million (£490.5 million) despite a one per cent decline in organics sales. Operating profit, excluding the company’s items affecting comparability, rose by 11 per cent to SEK 802 million (£68.7 million), equivalent to an operating margin of 14.0 per cent and the group’s highest ever for a single quarter. Earnings per share rose 38 percent to SEK 1.95 (£0.17) while operating cash flow amounted to SEK 539 million (£46.2 million).

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