Interim report January - March 2013

“Trelleborg noted a strong first quarter despite weaker market conditions. Once again, the Group displayed strength and stability in the face of a volatile market. The operating margin continued to develop positively, as did the working capital. During the quarter, we improved the Group’s geographic balance by expanding our presence in markets outside Western Europe and North America. Actions included the inauguration of a new facility in China. In parallel, we are continuing to invest in what we consider attractive market segments. Two acquisitions were completed during the quarter and one after the end of the period. These transactions strengthen our position as a leader in our selected niches. Trelleborg’s new focused organization enhances our operational focus and more clearly distinguishes our offering. Our current operative strength and considerable financial stability offer us favorable opportunities to also perform during less favorable market conditions. This is a strength that naturally also provides us with robust capacity for actions. The market outlook remains uncertain and, with limited visibility, it is not possible to make a detailed forecast. As we have done in the past, we are carefully monitoring the economic trend and are continuing to maintain a healthy preparedness to manage shifting market conditions,” says Peter Nilsson, President and CEO.

Continuing operations

Net sales for the first quarter of 2013 declined by 6 percent to SEK 5,394 M (5,723). Organic sales decreased by 5 percent.

Operating profit for the quarter, excluding items affecting comparability and the participation in TrelleborgVibracoustic, declined by 4 percent to SEK 639 M (666), equivalent to an operating margin of 11.8 percent (11.6).

Items affecting comparability amounted to negative SEK 37 M (neg: 19).

Operating cash flow for the quarter amounted to SEK 1 M (neg: 68).

Operating profit for the quarter for the associated company TrelleborgVibracoustic, excluding items affecting comparability, amounted to SEK 238 M (pro forma SEK 244 M), corresponding to an operating margin of 6.6 percent (pro forma 6.6).

Trelleborg’s participation in TrelleborgVibracoustic amounted to SEK 110 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 5,394 M (7,773) for the quarter.

Operating profit for the quarter declined to SEK 712 M (744).

Earnings per share for the quarter were SEK 1.80 (1.80).

The first quarter of 2012 included now discontinued operations in Group’s accounting (refer to page 15).

Market outlook for the second quarter of 2013

Demand is expected to be on a par with the first quarter of 2013, adjusted for seasonal variations.

Invitation to presentaion and telephone conference on April 24 at 3:00 p.m.

A telephone conference will be held on April 24 at 3:00 p.m. To participate in the telephone conference, call +46 (0)8 505 564 76 or +44 203 364 5371 or +1877 679 29 93. Code: “Trelleborg”. The conference will also be broadcast on the Internet in real time. Visit our website at: for the Internet link and presentation materials.