Interim report January - June 2008
Continued favorable growth and improved earnings
The order and delivery scenario remained favorable during the second
quarter, with organic growth of 7 percent.
Operating profit for the quarter in continuing operations, excluding
items affecting comparability, was the strongest to date and increased
to SEK 734 M (596). Operating margin increased to 8.7 percent (7.5)
Four acquisitions were completed during the quarter, adding combined
annual sales of approximately SEK 750 M.
As a result of the restructuring program for Trelleborg Automotive that
was announced in April 2008 that affects the Fluid Solutions business
unit, operating profit for the quarter was charged with
SEK 353 M and SEK 238 M after tax.
“Another strong quarter that emphasizes that our long-term focus on
profitable segments is yielding results,” says President and CEO Peter
Nilsson.
April - June Group Continuing operations
excl. items affecting
comparability
SEK M 2008 2007 2008 2007
Net sales 8,326 7,943 8,326 7,904
Operating 337 489 734 596
profit
Profit for 173 259 442 343
the period
Earnings per 1.90 2.80 4.85 3.75
share, SEK 1)
January -
June
MSEK 2008 2007 2008 2007
Net sales 16,393 15,719 16,393 15,633
Operating 911 934 1 356 1 203
profit
Profit for 482 481 785 697
the period
Earnings per 5.25 5.25 8.60 7.65
share, SEK 1)
1) Profit for the period attributable to equity holders of the parent
divided by the average number of shares.
Demand expected to remain favorable within most of the Group's market
segments
Outlook for the third quarter of2008. Demand is expected to remain
favorable within most of the Group's market segments. In such segments
as Aerospace, Offshore Oil/Gas, Infrastructure Construction and
Agriculture, demand is expected to remain very strong.
For automotive-related operations, the North American market is expected
to be weaker than in 2007. A slow-down is expected in the European
market.
Invitation to telephone conference on July 24 at 9:30 a.m.
A telephone conference will be held on July 24 at 9:30 a.m. Call +46
(0)8 5051 3643 or +44 (0)20 7806 1966 and state the code 695 2004 or the
password
“Trelleborg.” Presentation materials will be available at
www.trelleborg.com about 30 minutes prior to the commencement of the
conference. Click on “Investors” and then “Presentations.”
Calendar
Interim reportJanuary-September 2008 October28, 2008
Capital Markets Day in Stockholm December 3,2008
Year-end report 2008 February11, 2009
For further information, please contact:
Investors/analysts
Conny Torstensson, VP, Investor Relations
Tel: +46 (0)410 - 670 70
Mobile: +46 (0)734 - 08 70 70.
E-mail: conny.torstensson@trelleborg.com
Media
Mikael Sjöblom, VP, Media Relations
Tel: +46 (0)410 - 670 15
Mobile: +46 (0)733 - 74 7015
E-mail: mikael.sjoblom@trelleborg.com
Interim report January - June 2008
| Source: Trelleborg AB