Skip to main content
Sister Publication Links
  • Automotive News
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • Global Tire Report
    • ADAS
    • MID YEAR REPORT
    • TIRE MAKERS
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • MERGERS & ACQUISITIONS
    • OPINION
    • SERVICE ZONE
    • BEST PLACES TO WORK
    • OBITUARIES
  • HUMANITARIAN
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • ADVERTISE
    • Events
    • AWARDS
    • CLASSIFIEDS
    • DIRECTORY
    • SHOP FLOOR
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
    • Best Places to Work
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
August 17, 2022 04:50 PM

Trelleborg Wheel Systems: sales, earnings up double-digits

Tire Business
  • Tweet
  • Share
  • Share
  • Email
  • More
    TBorg wheel image-main_i.jpg

    TRELLEBORG, Sweden— Trelleborg A.B's Trelleborg Wheel Systems S.p.A. unit — the off-road tire and wheel business being acquired by Yokohama Rubber Co. Ltd. — posted double-digit increases in sales and earnings for the quarter and half-year ended June 30 on increased demand in all product and geographic markets.

    Trelleborg Wheel generated 48% higher operating income in the quarter of $51.3 million on 31.4% higher sales of $341.7 million. Trelleborg cited higher sales volumes, structural measures implemented earlier and effective cost controls for the earnings improvement.

    The company pointed to "healthy increase" in demand in all tire categories in all geographic markets, with "particularly" strong demand in North and South America.

    In Europe, total sales of agricultural tires grew but deliveries to the aftermarket declined, impacted by the war in Ukraine and drought in many countries. Sales of tires for materials-handling and construction vehicles displayed a "significant upturn" compared with the year-earlier period.

    For the six-months ended June 30, Trelleborg reported a 47% improvement in earnings at $105 million on 29.7% higher revenue of $684 million.

    Looking ahead, Trelleborg Group CEO  Peter Nilsson noted "a slight downturn in order intake compared with previous quarters.

    "There are clear indications of increased uncertainty ahead of the second half of the year," he added.

    "We are highly confident in our ability to address the fluctuations in the market. For the third quarter, our overall assessment is that demand will be slightly lower than in the second quarter of the year," he concluded.

    Overall, Trelleborg A.B. reported a 22% year-on-year increase in earnings (EBIT) excluding items affecting comparability to $128 million on 21% higher sales of $718 million during the quarter.

    Trelleborg agreed in March to sell Trelleborg Wheel Systems to Yokohama Rubber for $2.3 billion in a cash and debt-free basis.

    The transaction, which will in effect double the size of Yokohama Rubber's off-highway tire business, is set for completion "in the latter part of 2022," subject to regulatory approvals, the companies disclosed in separate announcements.

    Related Article
    Trelleborg eyes ag market growth in North America
    Trelleborg to sell TWS business to Yokohama for $2.3B
    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Michelin to end truck tire production at 2 German plants
    2
    European tire sales continue to drop, says ETRMA
    3
    Tire Business ranks the Top 75 Tire Makers of 2023
    4
    Sentury recalling 8,900 tires under 10 brand names
    5
    The week that was for Goodyear
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • Instagram
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Global Tire Report
      • ADAS
      • MID YEAR REPORT
      • TIRE MAKERS
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • MERGERS & ACQUISITIONS
      • OPINION
      • SERVICE ZONE
      • BEST PLACES TO WORK
      • OBITUARIES
    • HUMANITARIAN
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Resources
      • ADVERTISE
      • Events
        • ASK THE EXPERT
        • LIVESTREAMS
        • WEBINARS
        • SEMA LIVESTREAMS
        • RUBBER NEWS EVENTS
      • AWARDS
        • Best Places to Work
      • CLASSIFIEDS
      • DIRECTORY
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
    • DIGITAL EDITION