Brief: Trelleborg Says Q2 Demand To Be In Line With Or Somewhat Lower Than In Q1

Trelleborg AB

27/04/2023 13:28

April 27 (Reuters) - Trelleborg AB  TRELb.ST :
    * INTERIM REPORT JANUARY-MARCH 2023
    * GROUP HAD A GOOD START TO YEAR AND PRESENTED ITS BEST
OPERATING
PROFIT TO DATE FOR A QUARTER
    * GENERAL COST INFLATION WAS WELL BALANCED USING PRICE
ADJUSTMENTS
AND EFFICIENCY IMPROVEMENTS
    * SOMEWHAT LOWER OPERATING MARGIN WAS MAINLY ATTRIBUTABLE TO
ACQUISITION AND ONGOING INTEGRATION OF MINNESOTA RUBBER &
PLASTIC
    * MARKET OUTLOOK Q2: DEMAND IS EXPECTED TO BE IN LINE WITH
OR
SOMEWHAT LOWER THAN IN Q1 OF 2023
    * TRELLEBORG SEALING SOLUTIONS REPORTED A SIGNIFICANT
INCREASE IN
SALES
    * Q1 ORGANIC SALES IN TRELLEBORG WHEEL SYSTEMS WERE
UNCHANGED
COMPARED WITH PRECEDING YEAR
    * COMPARED WITH PRECEDING YEAR'S STRONG GROWTH, IT IS CLEAR
THAT
WE ARE NOW ENTERING A MORE NORMALIZED GROWTH PHASE

Source text for Eikon:  ID:nMFNbhTqg5 
Further company coverage:  TRELb.ST 

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