STOCKHOLM, Sweden, Feb. 8, 2005 (PRIMEZONE) -- Trelleborg:
FAVOURABLE GROWTH AND PROFIT TREND
The Trelleborg Group can look back at a year with a new structure and favourable growth. For the full-year, net sales increased to SEK 22,912 M (17,960). Overall growth in comparable currencies was 30 per cent. Conditions in many of the Group's principal markets improved. Several of the Group's business area's showed favourable organic growth, and the new business area, Trelleborg Sealing Solutions, met expectations well.
For continuing operations, before goodwill amortization, restructuring costs and impairment losses, profit after financial items increased by 35 per cent to SEK 1,531 M (1,130). During the fourth quarter, profit amounted to SEK 367 M (375). For the full year, earnings per share increased to SEK 12.40 (9.40).
Operations were further streamlined, e.g. through the sale of the 49-per cent holding in Trenor. The Group now has a well-positioned and stable structure for the future.
- Net sales for the full year increased by 28 per cent to SEK 22,912 M (17,960). Organic growth was 3 per cent. During the fourth quarter, net sales increased to SEK 5,529 M (5,351).
- Net profit for the full year increased by 41 per cent to SEK 988 M (702). For the fourth quarter, a loss of SEK 157 M (profit: 220) was reported due to the negative effect of restructuring measures.
- Earnings per share for the full year increased by 33 per cent to SEK 11.20 (8.40). During the fourth quarter, negative earnings per share amounted to SEK 1.85 (2.65).
- Decisions on restructuring measures during the fourth quarter included the transfer of tire production from the town of Trelleborg. Costs charged against earnings for the fourth quarter of 2004 amounted to SEK 476 M before tax and SEK 338 M after tax.
- Key operating ratios (continuing operations, excluding goodwill amortization, restructuring costs and impairment losses):
Fourth quarter: Full year 2004:
Operating profit 425 SEK M (443) 1,818 SEK M (1,271)
(EBITA)
Profit after
financial items 367 SEK M (375) 1,531 SEK M (1,130)
Net profit 282 SEK M (286) 1,097 SEK M (788)
Earnings per share 3:10 SEK (3:40) 12:40 SEK (9:40)
* Proposed dividend: sek 5.00 (4:50).
Invitation to press conference, February 9, at 09.00 CET A telephone conference will be held on February 9, at 09.00 CET. Call +44 (0)207-162 01 82 and state the password "Trelleborg."
Presentation materials will available at www.trelleborg.com from about half an hour prior to the commencement of the conference. The conference will be recorded and will be available for five days following the conference at telephone +44 (0)207-031 40 64, code 643297.
Calendar Group financial statements 2004 March 2005 Annual General Meeting April 26, 2005 Interim reports 2005 April 26, July 21, October 25
Contacts: Bo Jacobsson, Chief Financial Officer Phone: +46 410-670 99 Mobile: +46 70-685 65 60 e-mail: bo.jacobsson@trelleborg.com Mikael Bystrom, Senior Vice President, Corporate Communications Phone: +46 410-670 37 fax: +46 410-427 63 Mobile: +46 708-55 21 69 e-mail: mikael.bystrom@trelleborg.com Viktoria Bergman, Vice President, Corporate Communications Phone: +46 410-670 94 fax: +46 410-427 63 Mobile: +46 708-47 57 33 e-mail: viktoria.bergman@trelleborg.com
Calendar Group financial statements 2004 March 2005 Annual General Meeting April 26, 2005 Interim reports 2005 April 26, July 21, October 25
Group financial statements, the stakeholder magazine T-TIME and other information on the Trelleborg Group may be ordered from Trelleborg AB, Information Department, Box 153, SE-231 22 Trelleborg, Sweden, by telephone on +46 410-670 09, by fax on +46 410-427 63, by e-mail: info@trelleborg.com or can be downloaded from the Group's website: www.trelleborg.com
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