Trelleborg full-year earnings rise despite currency headwinds

Trelleborg, Sweden – Trelleborg Group has reported a 2% increase in full-year earnings (EBITA, excluding items affecting comparability), despite the impact of restructuring measures and unfavourable exchange rates.

Earnings came in at just under SEK6.3 billion (€597 million) for the full year, up from SEK6.1 billion in 2024, said Trelleborg 29 Jan.

Currency effects had a negative impact of SEK329 million for the full year, while restructuring costs were 23% higher year-on-year at SEK389 million.

A positive effect of SEK46 million was attributable to the “revaluation of an additional purchase payment recorded as a liability.”

Full-year sales were on par with 2024 at SEK34.3 billion, despite a 1% increase in organic revenue.

Here, Trelleborg said structural changes increased sales by 5% year-on-year, while currency translation reduced revenue by 6% compared with the preceding year.

The fourth quarter, described as ‘stable’, saw sales fall 5% year-on-year to SEK8.3 billion during the three months ended 31 Dec 2025.

Trelleborg linked the decline to a 9% negative impact from currency rates, despite a 1% increase in organic sales and a 3% positive contribution from structural changes.

Earnings for the quarter fell 3% year-on-year to SEK1.54 billion, hit by a SEK140 million effect from the translation of foreign subsidiaries.

In the near term, Trelleborg said first-quarter demand is expected to be on a par with the fourth quarter of 2025, adjusted for seasonal variations.

Due to the geopolitical situation, it said, the outlook is “associated with continued uncertainty.”

Commenting on the results, group president and CEO Peter Nilsson said Trelleborg was “continuing its strategic development journey toward becoming a more stable and less cyclical business.”

The group’s profitability has improved and performed in line with long-term ambitions, despite challenging market conditions at times throughout the year, Nilsson noted.

During the year, Trelleborg made six “carefully selected” acquisitions and also purchased Austria-based Nexus Elastomer Molds at the beginning of 2026.

Furthermore, the group “invested significantly” to expand its footprint in what Nilsson described as “priority geographies and market segments.”

These included new production facilities in Costa Rica and Vietnam, while existing units in the US and Malta were expanded.

“We will continue to invest in new plants in India, the US and Morocco in 2026. Combined, this provides a solid platform for continued long-term value creation and improved operational efficiency,” he said.

Breaking down fourth-quarter performance by division, Nilsson said Trelleborg Industrial Solutions reported lower organic sales compared with the corresponding quarter in 2024.

The primary reason for the decline, he said, was “a temporary reduction in deliveries in large-scale marine projects and in LNG transfer solutions.”

Demand in parts of the construction sector remained weak, while performance in industrial market segments varied across applications.

Sales to the automotive industry were stable, and deliveries to the aerospace industry increased.

A further improvement was noted for the operating margin, helped by “a continued focus on attractive segments and completed structural improvements.”

Trelleborg Medical Solutions reported “a clear improvement” in organic sales compared with the fourth quarter of the year before.

Sales of polymer solutions to the medtech market performed positively in Europe and Asia, while the North American market remained sluggish.

Deliveries to the smaller life science segment showed strong global growth.

The operating margin strengthened, primarily due to higher volumes.

Trelleborg Sealing Solutions reported an increase in organic sales compared with the year before, with sales to the industrials segment up “in all geographic markets.”

Deliveries to the automotive industry decreased, mainly in Europe, and were also sluggish in other markets.

Meanwhile, Nilsson said, the aerospace industry continued to demonstrate strong global sales growth.

The segment’s operating margin improved despite a negative impact from the sales mix and acquisitions with initially lower profitability.