Trelleborg notes automotive sales decline in Q1 report

Trelleborg, Sweden – Trelleborg AB has seen a reduction in business from automotive-related customers during the first quarter of 2019, the company reported 26 April.

While sales grew 9% year-on-year to SEK9.38 billion (€884 million), Trelleborg said organic growth slowed at 1% compared to the preceding period.

Earnings (EBITDA) grew 1% to SEK1.38 billion, while EBIT margin fell to 13.8% from 15.1% in the prior-year first quarter.

Read the source article at European Rubber Journal