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BRIEF-Trelleborg Q1 profit tops forecast, sees flat to slightly higher Q2 demand
April 27, 2017 / 11:08 AM / 7 months ago

BRIEF-Trelleborg Q1 profit tops forecast, sees flat to slightly higher Q2 demand

April 27 (Reuters) - Trelleborg AB

* Q1 EBIT, excluding items affecting comparability, rose 37 percent to SEK 1,154 mln (841)

* Says Q2 demand is expected to be in line with, or slightly higher, than q1 of 2017, adjusted for seasonal variations.

* Q1 organic sales increased 3 percent

* Q1 Net sales rose 36 percent to SEK 8,298 mln(6,095), the highest on record for the Group in a single quarter

* Says general industry improved in all regions and we noted healthy levels of activity in several of our market segments, particularly in Asia

* Says we are working intensively to compensate for higher raw material prices, which is deemed to have a full impact particularly in second half of year

* Reuters poll: Trelleborg Q1 EBIT was seen at SEK 1,070 million, sales at SEK 8,024 million Source text for Eikon: Further company coverage: (Stockholm Newsroom)

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