Fourth quarter and Year-end report 2014

"Strong finish to the year"

“Trelleborg posted strong earnings for the fourth quarter of 2014 considering
the market situation. The organic sales trend remained below our level of
ambition, mainly due to a strong decline in the OEM market for agricultural
tires and weaker market conditions in certain niches in Europe. Our ambition of
maintaining strict margin control partially affected volumes negatively and, as
a consequence, also organic growth. Despite the organic sales trend, the
operating profit and margin were the highest to date for the Group in a fourth
quarter. Acquired operations had a positive impact on earnings.

During the year, Trelleborg continued to strengthen its positions, in spite of a
challenging market situation in several markets and segments. Net sales 2014
rose and the operating profit and margin were the highest to date for the Group.
The organic sales trend was marginally negative for the full year, thereby
reflecting the sluggish nature of the global economic recovery, primarily in
Europe. Acquisitions implemented during the year will contribute approximately 5
percent to structural growth on rolling twelve months. TrelleborgVibracoustic
performed well and according to plan, continuing to outperform the underlying
market in terms of growth.

As we enter 2015, there are signs of an improvement in the market in certain
geographies, while the situation for parts of our business is substantially more
challenging than it was one year ago. The sharp fall in oil prices has increased
uncertainty and is impacting the profitability of primarily our project
deliveries in the offshore oil/gas segment, which hopefully can be offset by the
positive effects that lower oil prices create in other parts of the Group. Our
agricultural tire operation continues to be affected by the difficult climate
for agricultural machinery manufacturers, a factor that will negatively impact
our sales in the segment.

Our overall assessment is that demand in the first quarter of 2015 will be on a
par with the fourth quarter of 2014. We are continuously monitoring developments
and are maintaining preparedness to adjust our various businesses to fluctuating
demand”, says Peter Nilsson, President and CEO.

Continuing operations, fourth quarter

Net sales for the fourth quarter of 2014 increased by 8 percent (4) and totaled
SEK 5,582 M (5,145). Organic sales declined by 2 percent (increase: 2). Effects
of structural changes made a positive contribution of 3 percent (pos: 3), while
the effects of exchange-rate movements were a positive 7 percent (neg: 1).

Operating profit, excluding the participation in TrelleborgVibracoustic and
items affecting comparability, rose 23 percent to SEK 690 M (563), equivalent to
an operating margin of 12.4 percent (11.0). Both operating profit and operating
margin were the highest to date for a fourth quarter.

Items affecting comparability for the quarter amounted to an expense of SEK 68 M
(expense: 68), which was fully attributable to previously announced
restructuring programs.

Operating profit in the quarter for TrelleborgVibracoustic, excluding items
affecting comparability, was in line with the year-earlier period and amounted
to EUR 34 M (35). This corresponded to an operating margin of 7.6 percent (8.2).

Trelleborg’s participation in TrelleborgVibracoustic amounted to SEK 72 M after
tax (81). The participation includes items affecting comparability amounting to
an expense of SEK 11 M (expense: 3) and is in line with communicated full-year
levels.

Earnings per share rose 26 percent to SEK 1.84 (1.46).

Operating cash flow increased 19 percent to SEK 1,031 M (867).

Continuing operations, full year

Net sales for the full-year increased by 5 (pos: 1) percent and totaled SEK
22,515 M (21,473). Organic sales declined by 1 percent (increase: 1). Effects of
structural changes made a positive contribution of 2 percent (pos: 4), while the
effects of exchange-rate movements were a positive 4 percent (neg: 4).

Operating profit, excluding the participation in TrelleborgVibracoustic and
items affecting comparability, rose 15 percent to SEK 3,001 M (2,613),
equivalent to an operating margin of 13.3 percent (12.2). Both operating profit
and operating margin were the highest to date for a full year.

Operating profit for the full year for TrelleborgVibracoustic, excluding items
affecting comparability, rose 21 percent to EUR 151 M (125), corresponding to an
operating margin of 8.5 percent (7.3). Trelleborg’s participation in
TrelleborgVibracoustic amounted to SEK 298 M (237) after tax.

Earnings per share rose 35 percent to SEK 8.23 (6.08).

Operating cash flow increased 31 percent to SEK 2,836 M (2,162). The cash
conversion ratio was 90 percent (83), excluding dividends from
TrelleborgVibracoustic.

Market outlook for the first quarter of 2015

Demand is expected to be on a par with the fourth quarter of 2014, adjusted for
seasonal variations.

Proposed dividend 2014

The Board of Directors and President propose a cash dividend of SEK 3.75 per
share (3.25).

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 Friday, February 13, 2015, at 07:45 CET.
Trelleborg is a world leader in engineered polymer solutions that seal, damp and
protect critical applications in demanding environments. Its innovative
engineered solutions accelerate performance for customers in a sustainable way.
The Trelleborg Group has annual sales of about SEK 21 billion in over 40
countries. The Group comprises five business areas: Trelleborg Coated Systems,
Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg
Sealing Solutions and Trelleborg Wheel Systems. In addition, Trelleborg owns 50
percent of TrelleborgVibracoustic, a global leader within antivibration
solutions for light and heavy vehicles, with annual sales of approximately SEK
15 billion in about 20 countries. The Trelleborg share has been listed on the
Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.
www.trelleborg.com