STOCKHOLM, Sweden, July 21, 2005 (PRIMEZONE) -- Trelleborg:
Earnings Improvement In The Second Quarter
The Trelleborg Group increased its net sales to SEK 6,348 M (6,108) in the second quarter of 2005. Organic growth was 4 percent. For continuing operations, excluding restructuring costs and impairment losses, net profit rose 13 percent to SEK 355 M (315). All five business areas reported improved operating profit in the second quarter.
Net sales for the first half of the year increased to SEK 12,142 M (11,923). For continuing operations, excluding restructuring costs and impairment losses, net profit was SEK 600 M (600). Operating cash flow improved to SEK 752 M (603).
- Net sales increased to SEK 6,348 M (6,108) in the second quarter, and to SEK 12,142 M (11,923) in the first half of the year.
Second quarter First half of 2005:
Profit for the period
Second quarter First half of 2005:
Continuing operations sek 355 m (274) sek 600 m (555)
-- sek m (631) --sek m (656)
Divested operations sek 355 m (905) sek 600 m (1,211)
- Total profit for the period
- Earnings per share for the second quarter amounted to SEK 3.90 (10.25) and for the first half of the year, SEK 6.60 (13.75).
- Key operating ratios for continuing operations, excluding restructuring costs and impairment losses:
Second quarter: First half of 2005:
Operating profit sek 547 m (517) sek 945 m (990)
Profit before tax sek 489 m (444) sek 825 m (833)
Profit for the period sek 355 m (315) sek 600 m (600)
Earnings per share sek 3:90 (3:50) sek 6:60 (6:75)
- Peter Nilsson was appointed as the new President and Chief Executive Officer of the Trelleborg Group effective October 1, 2005. Peter Nilsson is currently the president of Trelleborg Engineered Systems and has been a member of Group management since 2003. He succeeds Fredrik Arp who will leave the Group and his position on the Board of Trelleborg to become the President of the Volvo Car Corporation on October 1.
- Decision to build a new plant in Shanghai for Trelleborg Sealing Solutions. The plant is expected to be completed in the first half of 2006.
- Decision to upgrade the production capacity of Trelleborg Automotive in India, entailing the relocation and expansion of the current operations.
Invitation to telephone conference, July 21 at 12:30 CET
A telephone conference will be held on July 21 at 12:30 CET. Call +44 20 71 62 01 80 and state the password ``Trelleborg." Presentation materials will be available at www.trelleborg.com from about half an hour prior to the commencement of the conference. The conference will be recorded and will be available for five days following the conference on tel. +44 207-031 40 64, code 667101.
Calendar Interim report third quarter 2005 October 26 (New date) Year-end report 2005 February 15, 2006
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