STOCKHOLM, Sweden (July 21, 2010)—Trelleborg A.B. reported growth across almost all its business segments for the three months ended June 2010, and a 13.8 percent rise in sales.
Net sales, including discontinued operations, increased to 13.8 percent to $1.06 billion from a year ago. Profits, including discontinued operations and accounting capital loss, rose to $37 million from $6.2 million.
The company reported strong growth in all its business segments, with the exception of Trelleborg Wheel. Peter Nilsson, Trelleborg president and CEO, said the agricultural sector is continuing to use tractors, but original equipment sales have declined sharply. He expects sales to increase later in the year as machinery comes up for replacement.
Overall, said Nilsson, demand for the rest of the year is expected to remain in line with or slightly better than the second quarter of 2010, adjusted for seasonal variations.