STOCKHOLM, Sweden, April 24, 2003 (PRIMEZONE) -- Trelleborg (Other OTC:TBABF):
Three months ended March 31, 2003
Net sales amounted to SEK 4,289 M (4,543). For comparable units/exchange rates, net sales for the first quarter rose by 5 percent compared with the corresponding period of 2002.
Operating profit, excluding items affecting comparability, rose by 13 percent to SEK 232 M (206).
Profit after net financial items, excluding items affecting comparability, rose by 22 percent to SEK 211 M (173).
Profit after tax rose by 14 percent to SEK 141 M (124) and earnings per share increased by 17 percent to SEK 1.70 (1.45).
Cash flow from operations remained stable at SEK 51 M (50).
Peter Nilsson appointed new president of the Trelleborg Engineered Systems business area.
Since the end of the quarter, Trelleborg has acquired the Kunhwa auto components company in South Korea and the ETU industrial profiles company in Germany.
For additional information, please call Trelleborg AB's Chief Financial Officer, Bo Jacobsson Telephone: +46 (0)410-670 99 Mobile: +46 (0)70- 685 65 60 Mikael Bystrom, Senior Vice President Corporate Communications +46 (0)410 670 37 Mobile: +46 (0)708 552169
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