Current Issue

Trelleborg Wheel 2013 results up

Comments Email

TRELLEBORG, Sweden (Feb. 19, 2014) — Trelleborg Wheel Systems reported improved operating income last year on 8.4-percent higher sales, which the unit of Trelleborg A.B. attributed to the first-time inclusion of results of Maine Industrial Tire, acquired in late 2012.

Operating income rose 9.1 percent to $75.3 million, which management attributed to contributions from Maine Tire and efficient cost management. Currency exchange rate effects had a negative impact on earnings.

Sales revenue increased to $643.5 million. Without the contribution of Maine Tire, Trelleborg’s organic sales were down 1 percent from 2012, the firm reported, with agricultural tires up slightly and materials-handling tires down slightly.

During the fourth quarter, Trelleborg Wheel acquired the industrial tire distribution business of Pircher Alfred s.a.s., with distribution centers in Milan and Bologna, Italy. The business reported sales of about $11.5 million in 2012, Trelleborg said.

Parent Trelleborg A.B. reported double-digit drops in sales and earnings for the year. As a result, Trelleborg Wheel accounts for roughly 20 percent of Trelleborg’s sales volume.

More Polls>

TB Reader Poll

Previous | Published July 27, 2017

What is the most challenging aspect of your job?

Dealing with customers
18% (12 votes)
Managing the bottom line
30% (20 votes)
Personnel issues
38% (25 votes)
Staying on top of technology
14% (9 votes)
Total votes: 66
More Polls »