Trelleborg Half-Year Report 2023
- Net sales for the quarter increased 18 percent to SEK 8,696 M (7,351). Organic sales increased 3 percent compared with the preceding year, while acquisitions increased sales by 9 percent and currency by 6 percent.
- EBITA, excluding items affecting comparability, increased 14 percent to SEK 1,563 M (1,376). Earnings were the best to date for a quarter. The EBITA margin was 17.9 percent (18.7).
- Operating cash flow amounted to SEK 1,585 M (798), an increase of 99 percent. The cash conversion ratio for the most recent 12-month period amounted to 88 percent (69).
- Items affecting comparability for the quarter totaled SEK -194 M (-33) and pertained to restructuring costs.
- EBITA, including items affecting comparability, amounted to SEK 1,368 M (1,343) for the quarter.
- The Group’s tire and printing blanket operations were divested to Yokohama Rubber and Continental, respectively, on May 2, 2023. The total capital gain amounts to SEK 6,189 M before tax and SEK 6,052 M after tax and is recognized under discontinuing operations in the income statement. For further information, refer to pages 9 and 20.
- As a result of the divestments, the Group reported a net cash position of SEK 1,881 M (-10,959) at the end of the quarter.
Market outlook for the third quarter of 2023
Demand is expected to be somewhat lower than in the second quarter of 2023, adjusted for seasonal variations. The geopolitical situation entails a heightened degree of uncertainty. For further information, refer to page 11.
Market outlook from the interim report published on April 27, 2023, relating to the second quarter of 2023
Demand is expected to be in line with or somewhat lower than in the first quarter of 2023, adjusted for seasonal variations. The geopolitical situation entails a heightened degree of uncertainty.
