TRELLEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
Trelleborg (STO:TRELB) is preparing for the joint venture in antivibration solutions for light and heavy vehicles. For this reason, the previously reported quarterly data for the Trelleborg Automotive business area, which will be included in the joint venture, has been separated from the other business areas in Trelleborg's financial reporting.
The previously divested operations, the Protective Products operation, the French Light-Vehicle Component operation and the Gas Spring operation for passenger cars have in addition to this been transferred to “Discontinuing operations”.
The data on key indicators can be found in the enclosed file.
As from the quarterly report for the period July-September 2012, Trelleborg’s participation in the joint venture is recognized using the equity method. The Group’s share of profits in the company is recognized in the income statement under the item “Share of profit or loss in associated companies before tax” and included in operating profit and on the line “Tax on share of profit or loss in associated companies”, which is recognized as a tax expense.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales 2011 of just over SEK 29 billion, with about 21,000 employees in over 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the NASDAQ OMX Nordic List, Large Cap. www.trelleborg.com
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