Interim Report January - September 2001

INTERIM REPORT January - September 2001 * Operating profit, excluding non-comparable items, up 17 percent. * Operating cash flow amounted to SEK 726 M (390) * Profit after financial items, excluding non-comparable items, in line with corresponding period 2000. * Earnings per share, excluding non-comparable items, rose 11 percent. * Special General Meeting on November 16, will address following proposals: Redemption of 10 million shares (from synthetic buy-back program), cancellation of 5 million shares and authorization to engage in a new buy-back program. First nine months 2001 2000 Net sales, SEK M 14,226 10,037 Operating profit, SEK M 885 755 (excluding non-comparable items) Operating cash flow, SEK M 726 390 Profit after financial items, SEK M 762 765 (excluding non-comparable items) Earnings per share, SEK 5:40 1) 4:85 2) (excluding non-comparable items) Earnings per share, SEK 4:65 1) 6:20 2) [REMOVED GRAPHICS] 1) Based on average number of shares excluding own holdings: 97,471,932. 2) Based on average number of shares excluding own holdings: 111,647,453. Group, first nine months, 2001 Net sales and earnings. Profit after financial items, excluding non- comparable items, in line with preceding year. Consolidated net sales during the period totaled SEK 14,226 M (10,037). For comparable units, net sales were unchanged, excluding currency effects. Approximately 30 percent of consolidated sales during the first nine months was in USD and the remaining 70 percent in other currencies, primarily EUR. For comparable units, net sales in the USD portion declined by 7 percent, while sales in the EUR segment rose by 2 percent. Excluding non-comparable items, operating profit increased by 17 percent to SEK 885 M (755). Consolidated operating profit amounted to SEK 905 M (1,106). The consolidated financial net amounted to an expense of SEK 123 M (income: 10). Profit after financial income and expense amounted to SEK 661 M (1,016) and, excluding non-comparable items, to SEK 762 M (765). Earnings per share, excluding non-comparable items, increased with 11 percent. Excluding non-comparable items, earnings per share rose during the period to SEK 5.40 (4.85). Earnings per share amounted to SEK 4.65 (6.20). Earnings per share were affected favorably by the transactions implemented in the Group's share buy-back program. The table adjoining the Income Statement includes earnings per share based on the volume of shares outstanding at the end of the period to show the full effect of repurchased shares. Balance sheet, cash flow and investments. Operating cash flow totaled SEK 726 M (390). Capital employed by the Group amounted to SEK 11,064 M (8,245) at the end of the period. Repurchases of Trelleborg's own shares during the period totaled SEK 308 M. Net financial assets/liabilities amounted to a net liability of SEK 2,977 M (assets: 100). Liquid funds include the holding of preference shares in Boliden Ltd, with a book value of SEK 281 M. The debt/equity ratio at the close of the period was 34.8 percent. The equity/assets ratio was 45.5 percent (61.8). Equity per share (about 97 million shares outstanding) amounted to SEK 87.10 (84.15) at the end of the period. The return on equity amounted to 7.1 percent (10.2). The Group's cash flow from operations during the period was positive in an amount of SEK 726 M (390) and investments totaled SEK 441 M (360). ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/29/20011029BIT00520/bit0003.doc The full report http://www.waymaker.net/bitonline/2001/10/29/20011029BIT00520/bit0003.pdf The full report