Trelleborg reports growth amid oil & gas woes

Trelleborg, Sweden – Trelleborg AB has reported a 14% year-on-year growth in earnings (EBIDTA) at SEK4.7 billion (€456 million) in the first nine months of 2018.

Sales increased 7% for the period to SEK25.6 billion compared to the year before, the Swedish rubber group announced 31 Oct.

In the third quarter, sales grew 14% to SEK8.3 billion, with earnings up 18% up at SEK1.46 billion.

Commenting on the third quarter results, Peter Nilsson, president and CEO said the growth in sales was due to “improved demand” in most…

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