Trelleborg Q4'13 net sales rise 4%

13 Feb '14

4 min read

Continuing operations, full year

Net sales for full-year 2013 rose 1 percent (1) and amounted to SEK 21,473 M (21,262). Organic sales increased 1 percent (1). Effects of structural changes represented positive growth of approximately 4 percent (1) while the effects of exchange-rate movements were a negative 4 percent

Operating profit, excluding items affecting comparability and the participation in TrelleborgVibracoustic, increased to SEK 2,613 M (2,342), equivalent to an operating margin of 12.2 percent (11.0).

Items affecting comparability amounted to an expense of SEK 410 M (income: 11), of which restructuring costs accounted for SEK 255 M (expense: 192). In 2013, this item also included costs related to processes and disputes totaling SEK 155 M, while the figure in 2012 included a capital gain of SEK 203 M from the sale of a property in Stockholm.

Operating cash flow was SEK 2,162 M (2,248).

Operating profit for TrelleborgVibracoustic, excluding items affecting comparability, totaled EUR 125 M (pro forma: 99), corresponding to an operating margin of 7.3 percent (pro forma: 6.0).

Trelleborg’s participation in TrelleborgVibracoustic, including negative items affecting comparability of SEK 134 M, amounted to SEK 355 M before tax (SEK 109 M; note that TrelleborgVibracoustic was formed in July 2012 and is thus only included for six months in 2012).

Group in total

Fourth-quarter net sales for the Group increased to SEK 5,145 M (4,966). For full-year 2013, sales declined, mainly impacted by the formation of TrelleborgVibracoustic, and totaled SEK 21,473 M (25,237).

Operating profit for the quarter increased to SEK 579 M (365).On a full-year basis, operating profit declined to SEK 2,519 M (2,815), influenced by the earnings of discontinued operations and items affecting comparability.

Earnings per share for the quarter were SEK 1.31 (0.94).For full-year 2013, earnings per share declined to SEK 5.93 (7.53), impacted by effects from discontinued operations and items affecting comparability.

Market outlook for the first quarter of 2014

Demand is expected to be on a par with the fourth quarter of 2013, adjusted for seasonal variations.

Trelleborg Group

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