One-off income for Trelleborg on reversal of guarantee provision
In connection with Trelleborg’s divestment of Trenor in the spring of 2004, a guarantee was provided to Nordic Capital Fund III regarding the valuation of Bröderna Edstrand in the event of its future sale to an external party. At the time of the divestment, Trelleborg made a provision of SEK 80 M to cover this guarantee risk. Given the increase in value judged by Trelleborg to have taken place in Bröderna Edstrand since the divestment, the guarantee provision has been reversed. Consequently, in the interim report for the first quarter of 2006, this item of SEK 80 M will be reported under the heading “discontinued operations” in the income statement. Further information can be obtained from Viktoria Bergman, Trelleborg’s Senior Vice President, Corporate Communications, +46 (0)410-670 94, +46 (0)708-47 57 33, or from Mikael Byström, Trelleborg’s Senior Vice President Investor Relations, +46 (0)410-670 37, +46 (0)708-55 21 69.