ERJ staff report (DS)
Stockholm, Sweden -- Trelleborg AB reported growth across almost all its business segments for the three months ended June 2010. Net sales, including discontinued operations, increased to SEK 7814 million (euro 824 million), from 6867 million a year ago. Profit for the period, including discontinued operations and accounting capital loss, increased to SEK 274 million (euro 28.9 million), jumping from just SEK 46 million a year ago.
The company reported strong growth in all its business segments, with the exception of Trelleborg Wheel. Trelleborg President and CEO Peter Nilsson said the agricultural sector is continuing to use tractors, but OE sales have declined sharply. He said he expects sales to increase later in the year as machinery comes up for replacement.
Overall, said Nilsson, demand for the rest of the year is expected to remain in line with or slightly better than the second quarter of 2010, adjusted for seasonal variations.
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Press release from Trelleborg