The first quarter 2010
“The first quarter of 2010 is showing that we are building a stronger Trelleborg and that we are constantly moving towards growing and profitable segments. The implemented action programs continue to give positive effects and we are gradually growing in to a more efficient structure. The increasing volumes during the quarter give a good leverage resulting in higher margins. The EBITDA margin improved and was 11.3 percent for the quarter, compared to 5.0 percent during the year-earlier period, or 10.4 percent in the fourth quarter of 2009. The demand scenario remains uncertain. We now have greater flexibility to swiftly address market movements. Our priorities include continuing our efforts to improve the Group’s structure and geographic balance, increasing synergies and continue to develop the product portfolio,” says President and CEO Peter Nilsson Net sales in the first quarter of 2010 increased to SEK 7,054 M (6,877). Operating profit rose to SEK 501 M (46). Items affecting comparability amounted to an expense of SEK 29 M (expense: 17). Earnings per share increased to SEK 1.05 (0.35). Operating cash flow was SEK 8 M (478). Free cash flow was negative SEK 401 M (26). January – March 2010, in parenthesis the same period 2009 Net sales 7,054 (6,877) Operating profit 501 (46) Profit for the period 292 (65) Earnings per share, SEK 1) 1.05 (0.35) Operating profit excl.items affecting comparability 530 (63) Earnings per share, SEK excl.items affecting comparability 1) 1.15 (0.40) April 2009 – March 2010, in parenthesis the full year 2009 Net sales 27,236 (27,059) Operating profit 1,228 (773) Profit for the period 646 (419) Earnings per share, SEK 1) 2.40 (1.70) Operating profit excl.items affecting comparability 1,630 (1,163) Earnings per share, SEK excl.items affecting comparability 1) 3.65 (2.90) 1) Share of net profit for the period attributable to equity holders of the Parent divided by the average number of shares. Following the rights issue, the average number of shares was adjusted according to guidelines in IAS 33. This calculation method has been applied throughout this report in all key figures that include the number of shares. Market outlook for the second quarter of 2010. Overall, demand is expected to remain in line with or slightly better than the first quarter of 2010. Invitation to telephone conference on April 20 at 3:00 p.m. A telephone conference will be held on April 20 at 3:00 p.m. To participate in the telephone conference, call +46 (0)8-5051 3785 or +44 20 7138 0824 and state the code 3419154 or the password “Trelleborg”. The conference will also be broadcast in real time on the Internet. Visit our website at www.trelleborg.com/en/Investors/Presentations for Internet link and presentation materials. Calendar Annual General Meeting in Trelleborg April 20, 5:00 p.m. Interim report April-June July 21 Interim Report July-September October 28 For further information, please contact: Investors/analysts Conny Torstensson, IR Manager Tel: +46 (0)410 – 670 70 Mobile: +46 (0)734 – 08 70 70. E-mail: conny.torstensson@trelleborg.com Media Mikael Sjöblom, Media Relations Tel: +46 (0)410 – 670 15 Mobile: +46 (0)733 – 74 70 15 E-mail: mikael.sjoblom@trelleborg.com