Trelleborg Full-Year Report 2023

• Net sales for the full-year 2023 increased 14 percent to SEK 34,286 M (30,095). Sales were the highest to date for a full year. Organic sales increased 2 percent, while structural changes increased sales by 7 percent and currency movements by 5 percent compared with the preceding year.
• EBITA, excluding items affecting comparability, increased 13 percent to SEK 6,002 M (5,334), corresponding to an EBITA margin of 17.5 percent (17.7). Earnings were the highest to date for a full year.

• Items affecting comparability were SEK -614 M (-241) and pertained to restructuring costs of SEK -527 M (-381) and a capital loss from the divestment of a US offshore oil & gas operation of SEK -87 M (2022 included a capital gain from the sale of assets of SEK 140 M). The relatively higher restructuring costs for 2023 are mainly attributable to adjustments to lower demand.

Market outlook for the first quarter of 2024

Demand is expected to be on a par with the fourth quarter of 2023, adjusted for seasonal variations. The geopolitical situation entails a heightened degree of uncertainty. For further information, refer to page 12.

Market outlook from the interim report published on October 26, 2023, relating to the fourth quarter of 2023

Demand is expected to be on a par with the third quarter of 2023, adjusted for seasonal variations. The geopolitical situation entails a heightened degree of uncertainty.

Dividend 2023

The Board of Directors proposes a cash dividend of SEK 6.75 per share (6.00).