Trelleborg reports 11% rise in earnings in strong second quarter

Trelleborg, Sweden – Trelleborg Group has reported a strong second quarter with both sales and earnings higher year-on-year, reversing the first-quarter decline in both measures. (ERJ report)

Group sales for the quarter ended 30 June rose 7% year-on-year SEK9.1 billion (€830 million), the highest net sales reported for a single quarter, the Swedish group reported 16 July.

Organic sales increased by 8% compared with the preceding year, reflecting a 1% contribution of “structural changes” and a 2% negative impact of currency.

Earnings (EBITA, excluding items affecting comparability) for the quarter were up 11% year-on-year at SEK1.7 billion, reflecting a SEK24 million negative impact of exchange rates.

Quarterly margin increased to 19.2% from 18.6% the year before, said Trelleborg, noting both earnings and the margin were “the highest to date for a single quarter.”

For the first half, sales grew 2% year-on-year to SEK17.7 billion, while earnings were up 4.5% at SEK3.3 billion. First-half margin grew from 18.4% the year before to 18.8% in the first six months of 2026.

The “record-strong quarter,” said president and CEO Peter Nilsson, “reflect the strength of our leading market positions, broad geographic footprint, consistent focus on operational improvements and… our decentralised business model.”

Breaking up segment performances, Trelleborg Industrial Solutions reported a 3% year-on-year increase in second quarter sales to SEK4.0 billion, while earnings grew 4% to SEK672 million. For the first half, sales remained flat at SEK7.7 billion, while earnings fell 3% year-on-year to SEK1.25 billion.

“Compared with the beginning of the year, deliveries to infrastructure and marine projects increased slightly and are expected to continue to grow in the second half of the year,” said Nilsson commenting on TIS results.

While the European construction market showed signs of improvement, the performance in North America “remained subdued” and deliveries to the aerospace industry “performed well.”

Trelleborg Medical Solutions saw its earnings improve 1% in the second quarter to SEK172 million, on 3% higher sales of SEK856 million. For the first half, however, earnings were down 2% year-on-year at SEK334 million on 1% lower sales of SEK1.65 billion.

According to Nilsson, Demand from medtech customers in North America and Europe remained “favourable,” while sales in Asia were lower year-on-year.

At the same time, the smaller life science segment continued to perform very robustly.

Trelleborg Sealing Solutions reported the strongest performance with second quarter sales up 11% year-on-year at SEK4.4 billion and earnings up 23% at SEK1 billion. Over the first six months, segment earnings grew 14% to SEK1.9 billion on 4% higher sales of SEK8.7 billion.

The industrials segment performed positively, supported primarily by favourable demand in Europe and Asia, Nilsson explained.

The automotive segment grew “in all major markets, with the aftermarket noting a particularly clear recovery.”

Sales to the aerospace industry continued to perform “very strongly across the globe,” he added.

On the short-term market outlook, the Trelleborg leader said demand was expected to “remain solid, although somewhat lower than in the second quarter of 2026, reflecting higher comparative figures and seasonal variations.”

Geopolitical uncertainty, he noted, remains high, which is having an impact on conditions in several of Trelleborg’s markets.