Some operations were burdened by sales mix and “certain units lagged behind in compensating for increased costs,” he explained.
On a more positive note, Nilsson said the overall economy and the company’s business activity remained “at a generally high level.”
“Order bookings continued to trend positively during the quarter, although certain market segments are displaying a more modest organic trend year-on-year,” he added.
The group’s largest business area Trelleborg Sealing Solutions registered unchanged organic sales, although performance varied from segment to segment.
Sales to aerospace were strong, while a downturn in sales was witnessed in the automotive industry, according to Nilsson.
Impacted by sales-mix and an imbalance between raw materials and sales prices, earnings within the tire operations fell despite higher sales.
Trading at Trelleborg’s offshore oil & gas operation remained difficult during the quarter, but Nilsson saw “both market activity and order bookings continuing to increase.”
The oil & gas business is expected to improve its earnings during the quarters ahead, with positive earnings forecast in the latter part of the year.