“Trelleborg reports a strong quarter. The margins and earnings in the quarter, was Trelleborg's best to date. Furthermore, cash flow was strong. Sales growth was favorable in North America and in parts of Asia, while the trend in Europe was mixed. Organic growth was overall slightly negative, which is due to lower demand in parts of Europe. We continue to invest in emerging markets like Brazil, India and China to enhance our geographic balance, which to some extent continues to burden the result and increases the investment level during the quarter.
Trelleborg have together with Freudenberg formed a joint venture within antivibration solutions for light and heavy vehicles, thus creating a global leader in this segment. The joint venture, TrelleborgVibracoustic, is since the beginning of the third quarter operational.
The market outlook gives cause for caution. We follow of course the developments closely and are well prepared to manage uncertainties,” says President and CEO Peter Nilsson.
Invitation to a telephone conference on July 19 at 09:30 a.m.
A telephone conference will be held on July 19 at 09:30 a.m. To participate in the telephone conference, call +46 (0)8 5056 2932 or +44 (0) 2077 5099 50 or +1 8666 7658 69. 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.