Trelleborg tire/wheel sales up 5.6 percent but overall market outlook 'uncertain'

ERJ staff report (BC)

Treleborg, Sweden – In its April-June interim report, Trelleborg reports a 5.6 per cent year-on-year rise in sales for its Wheel Systems business area, with net sales for the quarter at SEK 1,111m (€130m). Agricultural tire sales were level with a year earlier, and sales of industrial tires were weaker during the quarter, primarily in Europe. Earnings were slightly higher, despite a “currency headwind”, said the company. Operating profit was similar to a year earlier, rising 3.0 per cent to SEK 137m (€16m). Operating margin declined from 12.6 percent to 12.4 percent.

Peter Nilsson, president and CEO, said of Trelleborg’s operations as a whole: “Market outlooks remain uncertain. However, our overall assessment is that demand is deemed to be on a par with the second quarter of 2013. As before, we are following economic developments closely and have a continued high level of preparedness to address fluctuating market conditions."

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