STOCKHOLM, Sweden, July 21, 2003 (PRIMEZONE) -- Trelleborg (Other OTC: TBABF):
- Net sales amounted to sek 4,342 m (4,787) in the second quarter and sek 8,631 m (9,330) in the first half of the year. For comparable units/exchange rates, net sales during the period rose slightly more than 2 percent compared with the same period in 2002.
- Profit after tax rose 35 percent during the quarter to sek 176 m (130) and 25 percent during the first half of the year to sek 317 m (254).
- Earnings per share rose 40 percent during the quarter to sek 2.10 (1.50) and 29 percent during the first half of the year to sek 3.80 (2.95).
- Profit after net financial items increased during the quarter to sek 277 m (199) and during the first half of the year to sek 500 m (372).
- First half of the year, excluding items affecting comparability:
- Operating profit sek 529 m (515) - Profit after net financial items sek 481 m (453) - Profit after tax sek 298 m (314) - Earnings per share sek 3.55 (3.65)
- Acquisition of the Kunhwa auto components company in South Korea and the ETU industrial profiles company in Germany.
- Decision to further consolidate Automotive production structure in North America.
Further information can be obtained from Bo Jacobsson, CFO, Trelleborg AB, tel: +46-410-670 99; mobile: +46-70-685 65 60; or from Mikael Bystrom, Senior Vice President Corporate Communications,tel: +46-410-670 37; mobile: +46-708-55 21 69.
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