Interim report January-March 2009
Lower volume and earnings due to continued sharp decline in demand
Net sales in the first quarter of 2009 totaled SEK 6,877 M 8,067)
Operating profit amounted to SEK 46 M (574) and was impacted negatively by costs
for capacity adjustments totaling approximately SEK 50 M
Operating cash flow amounted to SEK 478 M (neg: 388) and was impacted positively
by lower tied-up operating capital and a lower investment level. Free cash flow
amounted to SEK 26 M (neg: 698).
The debt/equity ratio improved to 122 percent, compared with 124 percent on
December 31, 2008.
The Board of Directors has resolved, subject to approval by the Annual General
Meeting, to raise SEK 2.2 billion, before transaction cost, in a rights issue.
The rights issue will strengthen Trelleborg's financial position and increase
the ability of the Group to further improve its market positions.
“The year 2009 began with a continued sharp decline in demand and the prevailing
sense of uncertainty regarding the demand trend during the nearest quarters is
considerable. Since the second quarter of 2008, we have implemented extensive
capacity adjustments and we are now working aggressively to capitalize on the
opportunities arising in the current market situation. We are continuously
improving our market positions.,” says President and CEO Peter Nilsson.
January-March
Apr 2008- Full year
MSEK 2009 2008 Mar 2009 2008
Net sales 6 877 8 067 30 173 31 263
Operating profit 46 574 -154 374
Profit for 65 309 -502 -258
the period
Earnings per 0,70 3,35 -5,60 -2,95
share, SEK 1)
Operating
profit, excl. items 63 622 1 239 1 798
affecting
comparability
Earnings per
share, SEK, excl. 0,85 3,75 6,85 9,75
items affecting
comparability 1)
1) Profit for the period attributable to equity holders of the parent
divided by the average number of shares.
Market outlook for the second quarter of 2009.
Overall, demand is expected to remain in line with the first quarter of 2009.
Invitation to telephone conference on April 17 at 09:30 CET.
A telephone conference will be held on April 17 at 09:30 CET. Call ++44
(0)208817 9301 or
+46 (0)8 5052 0270 and state the password “Trelleborg.”
The conference will also be broadcast in real time on the Internet. Visit our
website at
www.trelleborg.com/investors/presentations for Internet links and presentation
materials.
Calendar
Annual General Meeting April 23, 2009
Six-month report 2009 July 24, 2009
Interim report January-September 2009 October 29, 2009
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 Friday April 17, 2009 at 7:45 a.m.
Interim report January-March 2009
| Source: Trelleborg AB
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