Year-end report January - December 2008 Lower volume and earnings due to sharp decline in demand and considerable nonrecurring costs - Net sales for the full year rose to SEK 31,263 M (30,971). Net sales in the fourth quarter fell to SEK 7,343 M (7,799) due to a sharp decline in several market segments. - Operating profit for the full year amounted to SEK 374 M (1,707). For the quarter, an operating loss of SEK 800 M (profit: 342) was reported, including items affecting comparability amounting to an expense of SEK 792 M (expense: 178). - The European Commission has announced its decision of the competition investigation that has been ongoing since 2007 after the end of the period. Fines and costs of SEK 416 M have been included in items affecting comparability as a result of the decision. Accordingly, the potential outcome that was communicated earlier is substantially reduced. - In addition, items affecting comparability in the fourth quarter include new impairment of SEK 223 M and costs for restructuring programs in progress of SEK 153 M, mainly within Trelleborg Automotive. - The Group's operating profit in the fourth quarter declined, as a result of reduced volume, costs for capacity adjustment and personnel reductions, and continued production disruptions in Trelleborg Engineered Systems. - Operating cash flow in the fourth quarter remained strong and amounted to SEK 602 M (811). “The weakening of the demand in many of our markets in the fourth quarter was severe. An adaptation of capacity has been in progress since the second quarter of 2008. At the same time, our market positions have become stronger and, in many subsegments, we have captured market shares”, says CEO and President Peter Nilsson. Okt-Dec Group Continuing operations excl. items affecting comparability SEK M 2008 2007 2008 2007 Net sales 7,343 7,799 7,343 7,762 Operating -800 342 -8 524 profit Profit for -842 140 -127 278 the period Earnings per -9,35 1,50 -1,45 3,00 share, SEK 1) Jan-Dec SEK M 2008 2007 2008 2007 Net sales 31,263 30,971 31,263 30,810 Operating 374 1 707 1 798 2 274 profit Profit for -258 838 889 1 282 the period Earnings per -2,95 9,10 9,75 14,00 share, SEK 1) 1) Profit for the period attributable to equity holders of the parent divided by the average number of shares. Outlook for the first quarter of 2009. Overall, lower demand is expected compared with the fourth quarter 2008. The Board proposes no dividend. The Board of Directors and President proposes that no dividend be paid for 2008 (dividend 2007: 6.50 SEK per share). Invitation to telephone conference on February 11 at 9:30 a.m. A telephone conference will be held on February 11 at 9:30 a.m. Call +46 (0)8 - 5051 3792 or +44 (0)20 7806 1966 and state the code 9074263 or the password “Trelleborg.” Presentation materials will be available at www.trelleborg.com about 30 minutes prior to the commencement of the conference. Click on “Investors” and then “Presentations.” Calendar Interim report January-March 2009: April 23 Annual General Meeting 2009 in Trelleborg: April 23 Interim report January-June 2009: July 24 Interim report January-September 2009: October 29 For further information, please contact: Investors/analysts Conny Torstensson, VP, Investor Relations Tel: +46 (0)410 - 670 70 Mobile: +46 (0)734 - 08 70 70. E-mail: conny.torstensson@trelleborg.com Media Mikael Sjöblom, VP, Media Relations Tel: +46 (0)410 - 670 15 Mobile: +46 (0)733 - 74 70 15 E-mail: mikael.sjoblom@trelleborg.com This is information of the type that Trelleborg AB (publ) is obligated to disclose in accordance with the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was issued for publication on Wednesday, February 11, 2009 at 7:45 a.m.
Year-end report January - December 2008
| Source: Trelleborg AB