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Trelleborg AB (TRELb.ST)

TRELb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Trelleborg restructures in oil & gas amid challening market
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Trelleborg AB ::TRELLEBORG TO CONSOLIDATE AND ADAPT OPERATIONS IN OIL & GAS.SAYS ‍IMPLEMENTS A NUMBER OF STRATEGIC MEASURES TO SECURE TRELLEBORG'S LEADING POSITION AND COMPETITIVENESS IN OFFSHORE OIL & GAS SEGMENT, WHOSE MARKET CONDITION HAS BEEN CHALLENGING FOR A LONG TIME AND STILL IS​.SAYS ‍HAS DECIDED TO GRADUALLY DISCONTINUE MANUFACTURING OF SUBSEA BUOYS FOR DRILLING EQUIPMENT IN DEEP-WATER ENVIRONMENTS IN HOUSTON, TEXAS,​.SAYS ‍RESTRUCTURING COSTS RELATED TO TRELLEBORG OFFSHORE & CONSTRUCTION BUSINESS AREA WILL BE RECOGNIZED AS AN EXPENSE IN Q4 OF 2017 AMOUNTING TO ABOUT SEK 580 M​.SAYS ‍WILL BE RECOGNIZED AS AN ITEM AFFECTING COMPARABILITY​.SAYS ‍AMOUNT CONSISTS OF SEK 350 M ATTRIBUTABLE TO IMPAIRMENT OF INTANGIBLE ASSETS, SEK 70 M ATTRIBUTABLE TO IMPAIRMENT OF OPERATING ASSETS, AND SEK 160 M IN OTHER RESTRUCTURING COSTS​.SAYS ‍TOTAL IMPAIRMENT LOSSES OF SEK 420 M WILL NOT IMPACT CASH FLOW​.SAYS ‍CHANGES ARE EXPECTED TO IMPROVE EARNINGS FOR OPERATIONS CONCERNED BY APPROXIMATELY SEK 100 M PER YEAR UNDER PREVAILING MARKET CONDITIONS​.SAYS ‍AT SAME TIME AS ADAPTED STRUCTURE IS EXPECTED TO CONTRIBUTE TOWARD FURTHER EARNINGS IMPROVEMENTS WHEN MARKET RECOVERS​.  Full Article

Trelleborg Q3 core profit tops forecast​
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Trelleborg AB :Q3 ‍net sales for Q3 of 2017 rose 3 percent to SEK 7,310 m (7,072).​.Says ‍Q4 demand is expected to be on a par with, or slightly better than, Q3 of 2017 adjusted for seasonal variations​.Trelleborg AB Q3 ‍ebit, excluding items affecting comparability, rose 1 percent to SEK 920 m​.Reuters poll: Trelleborg Q3 core EBIT was seen at SEK 907 million, sales at sek 7,361 million.  Full Article

Trelleborg invests in high-end production for sealing solutions in Denmark
Thursday, 17 Aug 2017 

Aug 17 (Reuters) - Trelleborg AB :Trelleborg invests in high-end production for Sealing Solutions in Denmark.Says Trelleborg will invest a total of approximately SEK 120 m during 2017-2020.Says investment for this year is within previously announced framework for capital expenditures for 2017.  Full Article

Trelleborg says acquires U.S aerospace supplier
Wednesday, 28 Sep 2016 

Trelleborg AB : Says has signed an agreement to acquire a U.S.-based subsidiary of CoorsTek, Inc that specializes in the manufacturing of precision seals for the aerospace industry . Says operation is located in El Segundo, California . Says sales amounted to approximately SEK 115 million in 2015 .Says the transaction is expected to be finalized in the fourth quarter of 2016.  Full Article

Trelleborg buys UK-based International Tyre and Wheel Solutions
Friday, 2 Sep 2016 

Trelleborg AB : Trelleborg acquires leading large solid tire distributor and increases its geographical reach .Says UK-based International Tyre and Wheel Solutions Ltd. (ITWS) sales amounted to approximately SEK 40 m in 2015..  Full Article

BRIEF-Trelleborg acquires anti-vibration supplier Schwab Vibration Control
Wednesday, 10 Aug 2016 

Trelleborg : Says Acquires Leading anti-vibration supplier within rail and other industrial applications . Schwab Vibration Control is headquartered and has its production site in Velten, Germany . Says transaction is expected to be finalized in q4 of 2016. . Says sales amounted to approximately SEK 575 m in 2015 .Its profitability is in line with Trelleborg Industrial Solutions..  Full Article

Trelleborg Q2 core EBIT meets estimates
Tuesday, 19 Jul 2016 

Trelleborg Ab : Q2 net sales were on par with year-earlier period and amounted to SEK 6,544 m (6,531) . Q2 EBIT, excluding items affecting comparability, rose by 2 percent to SEK 899 m (883) . Quarterly underlying ebit rose 2 percent to 899 million SEK . Says we are continuously monitoring developments and are well prepared to adjust our various businesses to match fluctuating demand . Says U.K.'s decisions to ultimately leave EU has increased prevailing economic uncertainty . Q3 market outlook: demand is expected to be on a par with, or slightly weaker, than Q2 of 2016, adjusted for seasonal variations . Says are also seeing indications that trend in agricultural market, which has long been negative, is beginning to stabilize, albeit at a low level .Reuters poll: Trelleborg Q2 sales were seen at SEK 6,681 million, core ebit at SEK 895 million.  Full Article

Trelleborg says finalizes SSF acquisition
Friday, 1 Jul 2016 

Trelleborg Ab :Trelleborg's acquisition of Silicone Fabricators Inc. (SSF), manufacturer of silicone components for the medical device market, is finalized.  Full Article

Trelleborg acquires Specialty Silicone Fabricators Inc
Monday, 13 Jun 2016 

Trelleborg Ab : Acquires Specialty Silicone Fabricators Inc., US-based manufacturer of silicone components for the medical device market. . Aquired company is headquartered in Tustin, California, and has production facilities in Tustin and Paso Robles, California, as well as in Elk Rapids, Michigan. Sales amounted to approximately SEK 330 million in 2015. . The acquisition is part of Trelleborg's strategy to strengthen its positions in attractive market segments. .The transaction is expected to be finalized in the second quarter of 2016..  Full Article

Trelleborg's 10.9 bln SEK acquisition of CGS Holding finalized
Tuesday, 31 May 2016 

Trelleborg Ab : Trelleborg's acquisition of CGS Holding finalized . The total cash consideration amounted to approximately SEK 10.9 billion on a cash and debt-free basis. CGS is headquartered in the Czech Republic and generated sales of approximately SEK 5.6 billion in 2015 with an operating margin of 16.5 percent. . The transaction will be consolidated from May 31, 2016. Non-recurring costs of approximately SEK 70 million, related to the acquisition, will be charged to the second quarter of 2016. . Of this amount, about SEK 50 million will be charged against reported operating income and about 20 million will be charged to net financial items. No PPA effects are included in the above amounts. Further company coverage: [TRELb.ST] (Reporting By Johan Ahlander) ((johan.ahlander@thomsonreuters.com;)).  Full Article