Interim report April-June 2013
Continuing operations
Net sales for the second quarter of 2013 totaled SEK 5,628 M (5,612). Organic sales increased by 2 percent.
Operating profit for the quarter, excluding items affecting comparability and the participation in TrelleborgVibracoustic, rose by 3 percent to SEK 723 M (702), equivalent to an operating margin of 12.8 percent (12.5), which is the highest to date for the Group.
Items affecting comparability amounted to negative SEK 204 M (pos: 171), of which restructuring costs amounted to an expense of SEK 49 M (expense: 32). Refer to page 3 for more information.
Operating cash flow for the quarter amounted to SEK 531 M (590).
Operating profit for the quarter for the associated company TrelleborgVibracoustic, excluding items affecting comparability, amounted to EUR 31 M (pro forma EUR 27 M), corresponding to an operating margin of 6.9 percent
(pro forma 6.5).
Trelleborg’s participation in TrelleborgVibracoustic amounted to SEK 97 M before tax for the quarter (-). This participation was charged with SEK 11 M in expenses affecting comparability (-).
Group in total
Consolidated net sales amounted to SEK 5,628 M (7,533) for the quarter.
Operating profit declined for the quarter to SEK 616 M (1,115), mainly due to nonrecurring costs of SEK 155 M being charged to the second quarter, and in the preceding year by nonrecurring revenues of SEK 337 M.
The second quarter of 2012 included now discontinued operations in Group’s accounting.
Earnings per share for the quarter were SEK 1.40 (3.35).
Market outlook for the third quarter of 2013
Demand is expected to be on a par with the second quarter of 2013, adjusted for seasonal variations.
Invitation to a telephone conference
A telephone conference will be held on July 23 at 09:30 a.m. To participate in the telephone conference, call +46 (8) 519 993 68 or +44 207 660 2081 or +1 855 753 2237. Code: “Trelleborg”. The conference will also be broadcast on the Internet in real time. Visit our website at: www.trelleborg.com/en/Investors/Presentations for the Internet link and presentation materials.