Interim report January - March 2012

“The first quarter of 2012 was so far the best operational quarter for Trelleborg. The favorable demand in the majority of segments resulted in an increase in organic sales of 7 percent.
In the offshore oil/gas segment in Trelleborg Engineered Systems, there was a significant improvement. The segment has during previous quarters recorded lower sales and earnings mainly due to production disruptions.The pace of change remained brisk within the Group. Events during the quarter included the divestment of an operation and organizational changes that strengthened and focused the Group.During the quarter, we signed final agreements with Freudenberg concerning the formation of a joint venture in antivibration solutions for light and heavy vehicles. We expect approval of the relevant competition authorities during summer.The market is characterized by great uncertainty, but our preparedness to manage a volatile market is good,” says President and CEO Peter Nilsson.
 

Continuing operations:

• Net sales during the first quarter of 2012 increased to SEK 7,773 M (7,226). Organic sales rose 7 percent (19).
• Operating profit amounted to SEK 744 M (645). Items affecting comparability amounted to an expense of SEK 28 M (expense: 9). Operating profit excluding items affecting comparability totaled SEK 772 M (654).
• The EBITDA margin, excluding items affecting comparability, was 12.8 percent (12.1).
• Net profit amounted to SEK 501 M (423) and earnings per share increased to SEK 1.80 (1.55). Earnings per share excluding items affecting comparability were SEK 1.90 (1.55).
• The operating cash flow was negative in the amount of SEK 193 M (neg: 182). Free cash flow was negative in the amount of SEK 454 M (neg: 528).
   
  

The Group in total:

• Consolidated net sales totaled SEK 7,773 M (7,270). Operating profit amounted to SEK 744 M (905 [1]).

[1] Including the divestment of the roofing operation that generated a positive earnings effect after tax of SEK 262 M.

Market outlook for the second quarter of 2012. Demand is expected to be in line with the first quarter of 2012, adjusted for seasonal variations.

Invitation to a telephone conference on April 19 at 2:00 p.m.

A telephone conference will be held on April 19 at 2:00 p.m. To participate in the telephone conference, call +46 (0)8 505 629 32 or +44 (0)20 7750 9950 or +1866 676 58 69. Code: “Trelleborg”. The conference will also be broadcast on the Internet in real time. Visit our website at: www.trelleborg.com/en/Investerare/Presentationer for the Internet link and presentation materials.

For further information, please contact:

Investors/analysts
Christofer Sjögren, VP Investor Relations
Tel: +46 (0)410 – 670 68
Mobil: +46 (0)708-66 51 40
E-mail: christofer.sjogren@trelleborg.com

Media
Karin Larsson, VP Media Relations
Tel: +46 (0)410 - 670 15
Mobile: +46 (0)733 - 74 70 15
E-mail: karin.larsson@trelleborg.com

This report contains forward-looking statements that are based on the current expectations of the management of Trelleborg. Although management believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove correct. Accordingly, results could differ materially from those implied in the forward-looking statements as a result of, among other factors, changes in economic, market and competitive conditions, changes in the regulatory environment and other government actions, fluctuations in exchange rates and other factors.

This is information of the type that Trelleborg AB (publ) is obligated to disclose in accordance with the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was issued for publication on Thursday, April 19, 2012, at 1:00 p.m.