TRELLEBORG, Sweden (Feb. 28)—Trelleborg A.B. is counting on the first-time contribution of new acquisitions and the benefits of a European integration program to offset expected earnings declines in North America this year. The company, which reported $148.4 million in fiscal 2000 operating earnings on sales of $1.49 billion, did not quantify its earnings expectations for 2001. Earnings from North America this year should be lower, the company said, because of reduced vehicle output and surplus inventories at the beginning of 2001. In Europe, Trelleborg has nearly completed the integration of several related business units, and management expects the consolidations to have a positive effect on earnings of nearly $20 million over the next three years.
Trelleborg expects European operations to offset N.A. earnings declines
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