Trelleborg reports “exceptional” 2009, despite falling sales

ERJ staff report (RD)

Trelleborg, Sweden -- Trelleborg has had an exceptional 2009, depsite sales falling 21 percent, company ceo Peter Nilsson said in Trelleborg's recently published 2009 annual results.

“By clearly focusing on our most valuable businesses and customers, quickly adjusting capacity and increasing speed in implementing programmes in progress, we were successful in adapting operations,” Nilsson said in a 19 March company statement, adding that measures taken over the past several years in Trelleborg's Automotive division have shown a “marked effect.”

Trelleborg reported an EBITDA margin of just over 10 percent in the fourth quarter of 2009, compared with just under 4 percent in the fourth quarter of 2008. Nilsson said the company “retained or increased” market shares in the most important markets in 2009, “while continuing to improve geographic balance.”

“This gives us a favourable starting position for 2010, when we will safeguard our reduced cost base and invest more aggressively in long-term value creation for all stakeholders,” Nilsson added.

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Press release from Trelleborg AB