STOCKHOLM, Sweden (Feb. 15, 2008) — Growth in most of its markets segments fueled a 10-percent increase in both sales and operating profits for Trelleborg A.B. for the last 12 months.
The company said it recorded operating profits of $269.4 million on sales of $4.89 billion.
Trelleborg also announced it will close its operations in Derbyshire, England, where it makes large train gangways. Trelleborg said the decision is in line with the business area's portfolio evaluation, which showed that the operation is not considered to offer attractive long-term growth and margin trends.
Trelleborg said it expects continued favorable growth in most its markets. For such segments as Aerospace and Offshore Oil/Gas, demand is expected to remain robust.
Referring to the ongoing antitrust investigations over marine oil hose, which involves the company, Trelleborg said it can't estimate the total financial impact of the situation. The firm estimates the cost for its international action program will be about $1.6 million.