Year-end report January - December 2007
Strong increase in sales and earnings
The order and delivery scenario remained good in the fourth quarter,
with organic growth of 10 percent for both the quarter and full year.
Operating profit in continuing operations, excluding items affecting
comparability, increased by 10 percent during the quarter and 25 percent
for the full year. Three of the four business areas reported increases
in both operating profit and operating margins during the year, as a
result of such factors as healthy volumes and the continued successful
focus on more profitable segments.
Activities within the framework of Trelleborg Automotive’s strategic and
operational review continued during the fourth quarter. Among other
actions, a unit in the UK was divested.
The Group is continuing to assist the authorities in the ongoing
competition investigations, which are expected to be completed during
2008.
“We are prioritizing continued improvements in the operational structure
and a focus on segments offering healthy long-term profitability,” says
President and Chief Executive Officer Peter Nilsson.
October-December Group Continuing operations
excl. items affecting
comparability
MSEK 2007 2006 2007 2006
Net sales 7 799 6 945 7 762 6 905
Operating profit 342 159 524 477
Profit for the period 140 -9 278 280
Earnings per share, SEK 1) 1,50 -0,15 3,00 3,05
January-December Group Continuing operations
excl. Items affecting
comparability
MSEK 2007 2006 2007 2006
Net sales 30 971 27 284 30 810 26 875
Operating profit 1 707 1 507 2 274 1 820
Profit for the period 838 766 1 282 1 072
Earnings per share, SEK 1) 9,10 8,30 14,00 11,70
1)Profit for the period attributable to equity holders of the parent
divided by the average number of shares outstanding
Continued growth in main markets
Outlook for the first quarter of 2008. Continued favorable growth is
expected within most of the Group’s market segments. For such segments
as Aerospace and Offshore Oil/Gas, demand is expected to remain highly
robust.
For automotive-related operations, the North American market is expected
to be weaker than in 2007, while the European market is expected to
remain unchanged.
Dividend of SEK 6.50 (6.00) per share proposed
Dividend proposal. The Board of Directors and the President propose a
cash dividend of SEK 6.50 (6.00) per share.
INVITATION to telephone conference on February 15, at
9.30 a.m. CET
A telephone conference will be held on February 15 at 9:30 a.m. CET.
Call +44 (0)208 817 9301 or +46 (8)-505 202 70 and state the code 452
7742 or the password “Trelleborg.” Presentation materials will be
available at www.trelleborg.com under “Investors” and then under
“Presentations” from about 30 minutes prior to the commencement of the
conference.
Calendar 2008
Interim report January-March
April 28, 2008
Annual General Meeting
April 28, 2008
Interim report January-June
July 24, 2008
CONTACT
Bo Jacobsson, Chief Financial Officer
Phone: +46 (0)410-670 99, Mobile: +46 (0)70-685 65 60
bo.jacobsson@trelleborg.com
Conny Torstensson, Investor Relations Officer
Phone: +46 (0)410-670 70, Mobile: +46 (0)734-087 070
conny.torstensson@trelleborg.com