Interim report April - June 2014
"Record profit despite timid growth" “Trelleborg continued to improve earnings. Both operating profit and the operating margin are the highest levels ever for the Group for a single quarter. The Group also reported a stable cash flow. “Net sales rose 2 percent while organic sales declined 1 percent. Sales performance was favorable in all geographic markets except for Europe. The negative trend in Europe was primarily due to a weaker OEM market for agricultural tires, delays of deliveries of projects and ongoing repositioning to more value-creating niches in certain product segments.