Brief: Trelleborg Divests Czech Automotive Component Operation

Trelleborg AB

25/10/2023 08:10

Oct 25 (Reuters) - Trelleborg AB  TRELb.ST :
    * DIVESTS CZECH AUTOMOTIVE COMPONENT OPERATION
    * HAS SIGNED AN AGREEMENT TO DIVEST A CZECH OPERATION IN
AUTOMOTIVE COMPONENTS THAT IS CURRENTLY RECOGNIZED UNDER GROUP
ACTIVITIES
    * SALE HAS ONLY AN INSIGNIFICANT IMPACT ON GROUP'S EBITA AND
PROFIT AFTER TAX
    * IN 2022, DIVESTED OPERATION REPORTED ANNUAL SALES OF
APPROXIMATELY SEK 450 M AND MADE A MINOR LOSS
    * ANTIVIBRATION SOLUTIONS FOR AUTOMOTIVE LIGHT AND HEAVY
VEHICLES
IS NOT A CORE BUSINESS FOR US
    * DIVESTMENT IS EXPECTED TO BE FINALIZED DURING Q4 OF 2023

Source text for Eikon:  ID:nMFN8RgFBZ 
Further company coverage:  TRELb.ST 

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