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Mitas takeover helps Trelleborg achieve 26% sales rise

Trelleborg, Sweden – Trelleborg AB has posted a 26% rise in net sales for the second quarter of 2017 to SEK8,265 million (€864 million), thanks mainly to the acquisition Mitas parent group, CGS last May.

Structural changes, including the CGS takeover, made a positive contribution of 20% to net sales, said Trelleborg in an interim report 20 July.

Earnings (EBIT) rose 21% to SEK1,089 million, while EBIT margin dropped to 13.2% in the first half compared to 13.7% in the same period last year.

During the first half,…

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