STOCKHOLM, Sweden, Feb. 5, 2003 (PRIMEZONE) -- Trelleborg (Other OTC:TBABF) (Stockholm:TRELb):
- Net sales for comparable units at fixed exchange rates in the
fourth quarter were in line with sales in the corresponding
period of 2001. Net sales amounted to SEK 4,114 M (4,534) in the
fourth quarter. Net sales for the full-year amounted to
SEK 17,630 M (18,760).
- Operating profit in the fourth quarter, excluding non-comparable
items, increased by 5 percent to SEK 262 M (249). Operating profit
for the year totaled SEK 1,021 M (1,134).
- Profit after net financial items in the fourth quarter, excluding
non-comparable items, rose 12 percent to SEK 239 M (214).
Corresponding profit for the full-year totaled SEK 902 M (976).
- Earnings per share, excluding non-comparable items, amounted to SEK
2.00 (2.05) in Q4. Earnings per share for the full-year totaled
SEK 7.25 (7.45).
- Continued strong cash flow from operations, on par with operating
profit.
- Proposed dividend: SEK 4.25 (4.00).
- Two new production units (in Leicester, England and Kalmar, Sweden)
were completed and placed in operation during the year.
- The acquisition of operations in Seaward International in the
fourth quarter has strengthened Trelleborg's position in marine
fender systems.
Trelleborg, February 5, 2003
Fredrik Arp President
For additional information, please call Trelleborg AB's:
Chief Financial Officer Bo Jacobsson Telephone: 0410-670 99 Mobile: 0708-46 02 07 Mikael Bystrom, Senior Vice President Corporate Communications: Telephone: 0410-670 37 Mobile: 0708- 55 21 69
The year-end report and other information on the Trelleborg Group, including the T-TIME magazine, a publication for persons with an interest in Trelleborg, are also available on the Internet at the following address: www.trelleborg.com
The interim report for the first-quarter of 2003 will be released on April 24, 2003.
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www.waymaker.net/bitonline/2003/02/05/20030205BIT00670/wkr0001.doc The full report www.waymaker.net/bitonline/2003/02/05/20030205BIT00670/wkr0002.pdf The full report