Trelleborg, Sweden – Trelleborg has reported net sales for the third quarter of SEK8.44bn ($795m). This was flat compared to the same quarter in 2023 when it achieved SEK846bn. Organic sales were up by 1%, the company said, with a further 2% increase arising from structural changes. However, this was offset by currency effects, which gave a 3% decline.
EBITA excluding items affecting comparability was down 2%. It fell from SEK1.49bn in last year’s quarter to SEK1.46bn this year.
Organic sales for the sealing solutions business were up marginally compared to the previous year, with sales to the aerospace sector remaining favourable, albeit impacted by ongoing strike action. Deliveries to the automotive industry were up in both Europe and Asia, although they declined in North America.
In its new medical solutions business, organic sales of polymer solutions were largely unchanged in both Europe and North America. “New capacity in several different geographic regions is being built up in the business area in order to meet an expected increase in demand in coming years,” said Peter Nilsson, the company’s chairman and CEO.
The company expects demand will be slightly lower in the fourth quarter of 2024 than it was in the third, once adjusted for seasonal variations. The geopolitical situation gives a heightened degree of uncertainty, it said.
“We benefitted greatly from our flexible structure, which allowed the group to quickly adjust and offset a somewhat weaker economic climate,” Nilsson said. “Additional measures are planned for the fourth quarter. Despite the macroeconomic developments, all three business areas showed slight organic growth, which is a sign of strength in this context.”
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