Trelleborg’s Year-end Report 2011


Trelleborg’s Year-end Report 2011

“2011 was a successful year for Trelleborg. Our efforts within continuous
improvements continued at a brisk pace. We grew organically and made
acquisitions and divestments to create improved leading positions in attractive
segments as well as a better geographical balance. We achieved our financial
targets for the Group.
Sales were favorable during the fourth quarter of 2011, with the exception of
the offshore oil/gas segment in Trelleborg Engineered Systems, where there was a
significant year-on-year decline. The previously announced problems - production
disruptions and extended lead times - in the offshore oil/gas segment had a
distinctly negative impact on both sales and earnings. The production
disruptions have been resolved since year-end and we have generally noticed a
steady and clear stepwise improvement in orders received as well as sales, in
addition to improved earnings within the segment.
During the quarter, Trelleborg signed an agreement with Freudenberg to create a
joint venture in antivibration solutions for light and heavy vehicles. The
completion of the transaction is subject to the approval of the relevant
competition authorities.
The year 2012 has started well for Trelleborg, but because of the market
uncertainties, we are monitoring developments closely and we are maintaining
readiness in order to manage a volatile market,” says President and CEO Peter
Nilsson.

Continuing operations:

  · Net sales during the fourth quarter of 2011 rose to SEK 7,106 M (6,852) and
for the full-year to SEK 29,106 M (27,196).
  · Operating profit in the quarter totaled SEK 459 M (400). Items affecting
comparability amounted to an expense of SEK 70 M (expense: 118). For full-year
2011, operating profit totaled SEK 2,431 M (2,036). Items affecting
comparability were included in a negative amount of SEK 204 M (neg: 250).
  · Operating cash flow during the fourth quarter was SEK 726 M (929). For
full-year 2011, the operating cash flow was SEK 1,655 M (2,190).

The Group in total:

  · Consolidated net sales for the quarter amounted to SEK 7,106 M (7,045) and
for the full year to SEK 29,150 M (28,778). Operating profit for the quarter
increased to SEK 459 M (423) and for full-year to SEK 2,689 M (1,952).

Market outlook for the first quarter 2012. Demand is expected to be in line with
or slightly higher than the fourth quarter of 2011, adjusted for seasonal
variations.

Proposed dividend. The Board of Directors and President propose a cash dividend
of SEK 2.50 per share (1.75).

Invitation to presentation and teleconference on February 15 at 09:30 a.m.

A presentation and telephone conference will be held on February 15 at 9:30 a.m.
The presentation will be held at Operaterrassen in Stockholm, Sweden. To
participate in the telephone conference, call +46 (0)8 505 629 32 or +44 (0) 20
7750 9950 or +1 866 676 58 69.
Code: “Trelleborg”. The conference will also be broadcast on the Internet in
real time.
Visit our website: www.trelleborg.com/en/Investors/Presentations for Internet
link and presentation materials.
 

Calendar 2012                         
Interim report January - March       April 19
Annual General Meeting (Trelleborg)  April 19, 5 p.m.
Interim report April - June          July 19
Interim report July - September      October 24

 
For further information, please contact:

Investors/analysts
Christofer Sjögren, VP Investor Relations
Tel: +46 (0)410-67068
Mobil: +46 (0)708-665140
E-mail:christofer.sjogren@trelleborg.com

Media
Karin Larsson, VP Media Relations
Tel: +46 (0)410-670 15
Mobile: +46 (0)733-747015
E-mail: karin.larsson@trelleborg.com

This report contains forward-looking statements that are based on the current
expectations of the management of Trelleborg. Although management believes that
the expectations reflected in such forward-looking statements are reasonable, no
assurance can be given that such expectations will prove correct. Accordingly,
results could differ materially from those implied in the forward-looking
statements as a result of, among other factors, changes in economic, market and
competitive conditions, changes in the regulatory environment and other
government actions, fluctuations in exchange rates and other factors.

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 February 15, at 07:45 a.m.

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