Trelleborg’s result a disappointment – Private Business

Trelleborg reports a profit before tax including items affecting comparability of eur 670 million for the fourth quarter of 2016.

Analysts ‘ expectations averaged a profit before taxes of 731 million, according to SME Direkt prognossammanställning.

Operating income, ebit, excluding non-recurring items landed at 841 million for the period. The expectations for the adjusted operating income was at 892 million.

Turnover amounted to 7.434 million. This was expected to 7.456 million, according to SME direkt.

the Board of directors proposes a dividend of 4:25 per share. Expected was on average a dividend of 4:30 sek.

See increased demand

Trelleborg expect that demand should be slightly better in the first quarter of 2017 than during last year’s fourth quarter, adjusted for seasonal variations.

“We see today a number of signs that markets in some geographies and in some segments will start to improve. In the general industry in Europe has, for example, we had organic growth in the fourth quarter for the first time in a long time,” writes ceo Peter Nilsson in the report from the ceo.

Furthermore, it is clear that the company’s sales to the aerospace and automotive industries, developed in a “satisfactory manner”.

For jordburksmarknaderna here the signals are considered “ambivalent”.

“In south America, the recovery will have already begun, while the OE market, particularly in north America continued to decline. In Europe we see signs of improvement within preferably the aftermarket”, continues the ceo.

as regards the part of the terms of the order backlog related to the oil/gas is said to be continued at a low level, why the company expects fewer deliveries and lower profitability in the segment during at least the first half of 2017.

Trelleborg’s results for the fourth quarter came in lower than analysts expected, according to SME Direkt prognossammanställning.

Profit before tax including items affecting comparability amounted to sek 670 million. Analysts ‘ expectations averaged a profit before taxes of 731 million.

Operating income, ebit, excluding non-recurring items landed at 841 million for the period. The expectations for the adjusted operating income was at 892 million.