Trelleborg sales increase in Q1

ERJ staff report (DS)

Stockholm, Sweden - Sales at Trelleborg AB for the three months to March 2012 rose to SEK 7,773 million (euro 879 million) from SEK 7226 million a year ago.

The company said the figures are not directly comparable due to restructuring, but organic sales growth was 7 percent in the period. The EBITDA margin, excluding items affecting comparability, was 12.8 percent compared with 12.1 a year earlier.

The company said all segments did well, in particular the the offshore oil/gas segment in Trelleborg Engineered Systems

rose during the quarter in relation to the preceding quarter. The previously

communicated problems have been resolved and development in the

segment is progressing toward a steady and clear stepwise improvement in

orders received as well as sales, in addition to improved earnings.

The final agreements concerning the formation of the joint

venture in antivibration solutions for light and heavy vehicles were signed.

Completion of the transaction is subject to approval of the relevant

competition authorities.

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Press release from Trelleborg