Trelleborg_HQ

Trelleborg reports 37% rise in Q1 earnings

Trelleborg, Sweden – Polymer engineer Trelleborg AB has posted a 36% rise in first quarter net sales to SEK8,298 million (€861 million), helped largely by the purchase of CGS in 2016.

Structural changes made a positive contribution of 30% on net sales, with the acquisition of CGS – parent group of Mitas – accounting for the main part of this increase, Trelleborg said in a 27 April results announcement.

Earnings (EBIT excluding items affecting comparability), rose 37% to SEK1.15 billion, which the group said was its “highest…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with