Home / Knowledge / News / Textiles / Trelleborg Q4'13 net sales rise 4%
Trelleborg Q4'13 net sales rise 4%
13
Feb '14
“2013 was the most profitable year ever for the Trelleborg Group, despite the fact that the anticipated economic recovery did not materialize. We further strengthened our market positions and closed in on the long-term targets we have set for our profitability. Our cost and capital efficiency programs continued to deliver favorable results. These successes strengthen the Group and provide a platform that motivates an intensified emphasis on growth and innovation moving forward.
 
“The sales performance reported by the Group in the fourth quarter was satisfactory, considering the lower level of project invoicing that was just for this period. The operating margin for all business areas improved in relation to the year-earlier period and both operating profit and operating margin were the highest ever recorded by the Group in a fourth quarter. Acquired operations made a positive contribution to earnings.
 
“Compared with the situation at the beginning of 2013, we now find ourselves on more stable ground. While some signs of economic recovery are visible, it is too early to talk about a broad-based upturn. We are continuously monitoring developments and are maintaining preparedness to adjust our various businesses to fluctuating demand,” says Peter Nilsson, President and CEO.
 
Continuing operations, fourth quarter
Net sales for the fourth quarter of 2013 increased by 4 percent (decrease: 3) and totaled SEK 5,145 M (4,966). Organic sales increased by nearly 2 percent (0). Effects of structural changes represented positive growth of 3 percent (0) while the effects of exchange-rates movement were a negative 1 percent (neg: 3).
 
Operating profit, excluding items affecting comparability and the participation in TrelleborgVibracoustic, rose by 26 percent to SEK 563 M (446), equivalent to an operating margin of 11.0 percent (9.0); the Group’s highest ever for a fourth quarter.
 
Items affecting comparability amounted to an expense of SEK 68 M (expense: 129), which was fully attributable to restructuring programs announced earlier.
 
Operating cash flow declined as a result of higher market activity and amounted to SEK 867 M (1,101).
 
Fourth-quarter operating profit for TrelleborgVibracoustic, excluding items affecting comparability, rose 46 percent to EUR 35 M (24), corresponding to an operating margin of 8.2 percent (5.9).
 
Trelleborg’s participation in TrelleborgVibracoustic, including negative items affecting comparability of SEK 4 M, amounted to SEK 123 M before tax (37).
 
 


Must ReadView All

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Courtesy: Badger Sportswear

Apparel/Garments | On 12th Dec 2017

Badger Sportswear acquires Alleson Athletic

Badger Sportswear, a leading manufacturer of athletic apparel and...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search