STOCKHOLM, Sweden, Oct. 26, 2005 (PRIMEZONE) -- During the third quarter of 2005, the Trelleborg industrial Group increased its net sales to SEK 5,846 M (5,460). Organic growth was approximately 4 percent. Operating profit rose to SEK 425 M (383). For the third quarter, all five business areas reported increased net sales and improved operating profits.
- During the third quarter, net sales rose to SEK 5,846 (5 460), and during the period January -- September to SEK 17 988 M (17 383).
- Profit after tax: Third quarter: January-September: - Continuing operations SEK 284 M (233) SEK 884 M (788) - Divested operations ------ SEK M (------) ------ SEK M (656) - Total profit for the period SEK 284 M (233) SEK 884 M (1 444)
- Earnings per share for the third quarter amounted to SEK 3.10 (2.55) and to SEK 9.70 (16.30) for the period January--- September.
- Key operating ratios for continuing operations, excluding
restructuring costs and impairment losses:
Third quarter: January-September:
- Operating profit SEK 425 M (389) SEK 1,370 M (1,379)
- Profit before tax SEK 392 M (317) SEK 1,217 M (1,150)
- Profit for the period SEK 284 M (238) SEK 884 M (838)
- Earnings per share SEK 3.10 (2.65) SEK 9.70 (9.40)
- Peter Nilsson was appointed as the new President and CEO of the Trelleborg Group effective October 1, 2005. CFO Bo Jacobsson has been appointed First Executive Vice President of the Group. Lennart Johansson has been appointed the new Business Area President for Trelleborg Engineered Systems.
- Following the close of the period, an agreement was signed regarding the acquisition of the operations of Chase-Walton Elastomers Inc., with annual sales of approximately SEK 100 M and about 110 employees in Hudson, Massachusetts. The company manufactures precision seals, primarily for the aerospace industry.
- The focus on growth in Asia has been further strengthened and several initiatives have been taken to increase presence and production capacity. The construction of Trelleborg's new plant in Shanghai, China has begun. At the same time, production capacity is also being extended in India and Sri Lanka.
- As a consequence of successful efforts during the year to focus Trelleborg as a streamlined industrial group with the business concept of damping, sealing and protecting in demanding industrial environments, Morgan Stanley Capital International (MSCI) has reclassified Trelleborg as belonging to the "Industrial" sector.
Invitation to telephone conference, October 26 at 10:00 CET A telephone conference will be held on October 26 at 10:00 CET. Call +44 20 71 62 01 83 and state the password "Trelleborg." Presentation materials will be available at www.trelleborg.com from about 30 minutes 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 679282.
Calendar
Year-end report 2005 February 15, 2006 Printed Annual Report Distribution during week 13, 2006 Annual General Meeting April 25, 2006
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=144580&fn=wkr0001.pdf