Interim report April - June 2014

"Record profit despite timid growth"

“Trelleborg continued to improve earnings. Both operating profit and the
operating margin are the highest levels ever for the Group for a single quarter.
The Group also reported a stable cash flow.

“Net sales rose 2 percent while organic sales declined 1 percent. Sales
performance was favorable in all geographic markets except for Europe. The
negative trend in Europe was primarily due to a weaker OEM market for
agricultural tires, delays of deliveries of projects and ongoing repositioning
to more value-creating niches in certain product segments.

“We maintained our focus on value creation and generating growth via organic
initiatives and bolt-on acquisitions. During the quarter, we decided on an
investment in a production facility for agricultural tires in the U.S., which
will provide us with local presence in North America and a global position in
the market. Furthermore, Trelleborg acquired a company in Turkey, which
consolidates our leading market position in industrial hoses.

“As yet, we have not received any indication of a general improvement in the
demand situation, and we believe that third-quarter demand for the Group as a
whole will be on par with the second quarter of the year. We are continuing to
carefully monitor the economic developments and are maintaining high
preparedness to address fluctuating market conditions,”says Peter Nilsson,
President and CEO.

Second quarter
Net sales for the second quarter of 2014 increased by 2 percent (0) and totaled
SEK 5,725 M (5,628). Organic sales declined by 1 percent (increase: 2). Effects
of structural changes contributed 0 percent (pos: 4) while the effects of
exchange-rate movements were a positive 3 percent (neg: 6).

Operating profit, excluding the participation in TrelleborgVibracoustic and
items affecting comparability, rose by 11 percent to SEK 802 M (723), equivalent
to an operating margin of 14.0 percent (12.8), the Group’s highest ever for a
single quarter.

Items affecting comparability amounted to an expense of SEK 99 M (expense: 204),
which was fully attributable to previously announced restructuring programs. The
year-earlier period included an expense of SEK 155 M associated with process and
dispute costs.

Operating profit in the quarter for TrelleborgVibracoustic, excluding items
affecting comparability, rose 26 percent to EUR 39 M (31). This corresponded to
an operating margin of 8.9 percent (6.9), the highest to date for the company
for a single quarter.

Trelleborg’s participation in TrelleborgVibracoustic amounted to SEK 42 M before
tax (97). The participation includes items affecting comparability in the
negative amount of SEK 126 M (neg: 11) that were mainly attributable to the
previously communicated restructuring projects.

Earnings per share rose 38 percent to SEK 1.95 (1.41).

Operating cash flow amounted to SEK 539 M (531).

Market outlook for the third quarter of 2014
Demand is expected to be on a par with the second quarter of 2014, adjusted for
seasonal variations.


For further information, please contact:
Media: Vice President Media Relations Karin Larsson, +46 (0)410 67015, +46
(0)733 747015, karin.larsson@trelleborg.com
Investors/analysts: Vice President IR Christofer Sjögren, +46 (0)410 67068, +46
(0)708 665140, christofer.sjogren@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 Tuesday, July 22, 2014, at 07:45 CET.