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…

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