Trelleborg reports good results in Q2

ERJ staff report (DS)

Stockholm, Sweden -- Trelleborg AB's net sales during the three months to June 2011 rose to SEK 7,583 million (euro 825 million), from SEK 7,187 million. Organic sales increased 13 percent.

Operating profit totaled SEK 706 million (previously 643 million). Items affecting comparability amounted to an expense of SEK 45 M (expense: 51). Operating profit excluding items affecting comparability was SEK 751 million (previously 694).

“Demand during the quarter remained favorable in most segments. We are continuing to enhance our market positions. Growth was highly satisfactory, notably in China and India. Organic sales rose 13 percent. Operating profit, excluding items affecting comparability, increased to SEK 751 million , with the EBITDA margin exceeding our financial target and totaling 12.8 percent.

"Higher raw material costs have been generally compensated by higher sales volumes, price adjustments and other measures. We are continuing to focus our operations and raise our presence in selected profitable segments. Two acquisitions and one divestment were completed during the period”, says President and CEO Peter Nilsson.

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Press release from Trelleborg

Investor presentation from Trelleborg