Brief: Trelleborg - Reports Improved Margin Despite Lower Sales

Trelleborg AB

24/04/2024 12:43

April 24 (Reuters) - Trelleborg AB  TRELb.ST :
    * MARKET OUTLOOK FOR Q2: DEMAND IS EXPECTED TO BE ON A PAR
WITH Q4
OF 2023
    * IMPROVED MARGIN DESPITE SOMEWHAT LOWER SALES
    * ORGANIC GROWTH DECREASED BY 3 PERCENT WHILE STRUCTURAL
CHANGES
LED TO A 2-PERCENT REDUCTION IN SALES
    * TRELLEBORG MEDICAL SOLUTIONS IS CURRENTLY EXPERIENCING A
CHALLENGING MARKET
    * ORGANIC SALES FOR TRELLEBORG SEALING SOLUTIONS DECLINED
SLIGHTLY
    * OUR LONG-TERM EFFORTS TO IMPROVE GROUP'S STRUCTURE MEAN
THAT OUR
MARGIN TARGET OF 20 PERCENT WILL BE WELL WITHIN REACH
    * EBITA, EXCLUDING ITEMS AFFECTING COMPARABILITY, DECREASED
2
PERCENT TO SEK 1,490 M (1,528)

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

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