Trelleborg Wheel Q1 sales, earnings down

ERJ staff report (BC)

Trelleborg, Sweden – Trelleborg Wheel Systems reported lower revenue and earnings in the quarter ended 31 March on lower unit sales of both industrial and agricultural tires, according to Tire Business.

Sales dropped 1.7 percent in the quarter to €130.4m, while operating profit fell 7.7 percent to €17.0m million, or 13 percent of sales.

The sales decline would have been even greater were it not for the addition of revenue from recent acquisitions and positive exchange rate effects, the business reported in parent…

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