Trelleborg’s divestment of Norwegian offshore oil & gas operation finalized

Date: 01.06.21

Trelleborg has finalized the divestment of its oil & gas operation in Norway. In the financial statements the operation was recognized among Assets held for sale and it is deconsolidated as of today. It had annual sales of approximately SEK 310 M in 2020. The transaction does not have any material impact on the Group’s net profit. The buyer is the current management together with a local partner.

The press release about the divestment was published on April 29, 2021.

For further information, please contact:
Media: Vice President Media Relations Karin Larsson, +46 (0)410 67015, +46 (0)733 747015, karin.larsson@trelleborg.com
Investors/analysts: Vice President IR Christofer Sjögren, +46 (0)410 67068, +46 (0)708 665140, christofer.sjogren@trelleborg.com

Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 33 billion and operations in about 50 countries. The Group comprises three business areas: Trelleborg Industrial Solutions, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.
www.trelleborg.com

Press release