Trelleborg — Earnings Release 2013

Apr 24, 2013

A strong quarter despite weaker markets

Continuing operations

• Net sales for the first quarter of 2013 declined by 6 percent to SEK 5,394 M (5,723). Organic sales decreased by 5 percent.
• Operating profit for the quarter, excluding items affecting comparability and the participation in TrelleborgVibracoustic, declined by 4 percent to SEK 639 M (666), equivalent to an operating margin of 11.8 percent (11.6).
• Items affecting comparability amounted to negative SEK 37 M (neg: 19).
• Operating cash flow for the quarter amounted to SEK 1 M (neg: 68).
• Operating profit for the quarter for the associated company TrelleborgVibracoustic, excluding items affecting comparability, amounted to SEK 238 M (pro forma SEK 244 M), corresponding to an operating margin of 6.6 percent (pro forma 6.6).
• Trelleborg's participation in TrelleborgVibracoustic amounted to SEK 110 M before tax for the quarter (-). This participation was charged with SEK 11 M in expenses affecting comparability.

Continuing operations excl items affecting comparability, SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Net sales	5 394	5 723	20 933	21 262
Operating profit excl participation in TrelleborgVibracoustic	639	666	2 315	2 342
Operating margin, %	11,8	11,6	11,0	11,0
Operating profit incl participation in TrelleborgVibracoustic	749	666	2 534	2 451
Operating margin, %	13,9	11,6	12,1	11,5
Operating cash flow	1	-68	2 317	2 248

Group in total

• Consolidated net sales amounted to SEK 5,394 M (7,773) for the quarter.
• Operating profit for the quarter declined to SEK 712 M (744).
• Earnings per share for the quarter were SEK 1.80 (1.80).
• The first quarter of 2012 included now discontinued operations in Group's accounting (refer to page 15).

Key ratios Group, SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Net sales	5 394	7 773	22 858	25 237
Operating profit	712	744	2 783	2 815
Profit before tax	670	689	2 607	2 626
Net profit	491	501	2 047	2 057
Earnings per share, SEK	1,80	1,80	7,55	7,55

"A strong quarter despite weaker markets"

"Trelleborg noted a strong first quarter despite weaker market conditions. Once again, the Group displayed strength and stability in the face of a volatile market. The operating margin continued to develop positively, as did the working capital.

During the quarter, we improved the Group's geographic balance by expanding our presence in markets outside Western Europe and North America. Actions included the inauguration of a new facility in China. In parallel, we are continuing to invest in what we consider attractive market segments. Two acquisitions were completed during the quarter and one after the end of the period. These transactions strengthen our position as a leader in our selected niches.

Trelleborg's new focused organization enhances our operational focus and more clearly distinguishes our offering. Our current operative strength and considerable financial stability offer us favorable opportunities to also perform during less favorable market conditions. This is a strength that naturally also provides us with robust capacity for actions.

The market outlook remains uncertain and, with limited visibility, it is not possible to make a detailed forecast. As we have done in the past, we are carefully monitoring the economic trend and are continuing to maintain a healthy preparedness to manage shifting market conditions."

Peter Nilsson,

President and CEO

Market outlook for the second quarter of 2013

Demand is expected to be on a par with the first quarter of 2013, adjusted for seasonal variations.

Market outlook from the Year-end Report published on February 13, 2013, relating to the first quarter of 2013 Demand for the first quarter of 2013 is expected to be on a par with the fourth quarter of 2012, adjusted for seasonal variations.

Net sales

SEK M, organic growth, %	Q1 2013	Q1 2012	12M 2012
Net sales	5 394	5 723	21 262
Change total, %	-6	10	1
Organic, %	-5	6	1
Structural, %	4	2	0
Exchange rate, %	-5	2	0

Net sales for the first quarter of 2013 amounted to SEK 5,394 M (5,723), representing an overall decline of 6 percent (increase: 10).

Sales were lower for the majority of the Group's operations, but were in line with, or slightly higher than, the general market trend.

The weaker sales trend impacted all of Trelleborg's key markets. The largest decrease in organic sales was noted in North America, which declined 11 percent, in Western Europe and Asia sales declined 4 percent respectively.

Earnings

SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Operating profit excl. items affecting comparability and
participation in TrelleborgVibracoustic	639	666	2 315	2 342
Operating margin, %	11,8	11,6	11,0	11,0
Items affecting comparability	-37	-19	-7	11
Profit share in TrelleborgVibracoustic 1)	110	-	219	109
Operating profit	712	647	2 527	2 462
Operating margin, %	13,2	11,3	12,1	11,6

1) TrelleborgVibracoustic is consolidated in Trelleborg according to equity method as from July 2012

Operating profit excluding items affecting comparability and participations in TrelleborgVibracoustic amounted to SEK 639 M (666), corresponding to a year-on-year decrease of 4 percent. Lower sales had a negative impact on operating profit, although improved cost efficiency yielded a positive impact on earnings. Operating margin was strengthened at 11.8 percent (11.6), which is the best margin on record for the first quarter.

Exchange-rate effects upon the translation of foreign subsidiaries had a negative impact on earnings of SEK 36 M compared with the year-earlier period.

The quarter was charged with items affecting comparability amounting to an expense of SEK 37 M (expense: 19) for restructuring programs, in line with the announcements made earlier.

Trelleborg's participation in TrelleborgVibracoustic is included in operating profit in accordance with the equity method in the amount of SEK 110 M before tax (-). This participation was charged with costs for items affecting comparability in the joint venture of SEK 11 M. For the comparable part of Trelleborg, now part of TrelleborgVibracoustic, operating profit after items affecting comparability amounted to SEK 82 M for the year-earlier period.

Operating profit, including TrelleborgVibracoustic and items affecting comparability, amounted to SEK 712 M (647) for the quarter.

Operating cash flow

SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Operating profit before depreciation	807	837	2 973	3 003
Capital expenditure	-149	-165	-894	-910
Sold non current assets	1	4	56	59
Change in working capital	-658	-744	182	96
Operating cash flow	1	-68	2 317	2 248

Operating cash flow for the period amounted to SEK 1 M (neg: 68). The improvement compared with the corresponding period in 2012, despite somewhat lower earnings, was the result of a reduction in investments and improved management of working capital.

Return on capital employed

%	R12 2013	R12 2012	12M 2012
Return on capital employed excl items affecting comparability	13,8	13,9	13,9
Return on capital employed incl items affecting comparability	13,8	13,0	14,0

The average return on capital employed increased year-onyear by about SEK 45 M, partially impacted by implemented acquisitions. Despite this increase and the slightly lower operating result, return on capital employed excluding items affecting comparability and participations in

TrelleborgVibracoustic was maintained at the same level

as in the year-earlier period at 13.8 percent (13.9).

Key figures

SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Net sales	5 394	7 773	22 858	25 237
Operating profit	712	744	2 783	2 815
Profit before tax	670	689	2 607	2 626
Net profit	491	501	2 047	2 057
Earnings per share
Total Group, SEK	1,80	1,80	7,55	7,55
Continuing operations, excl items affecting comparability, SEK	1,90	1,65	6,55	6,30
Continuing operations, incl items affecting comparability, SEK	1,80	1,60	6,75	6,55

Consolidated net sales for the first quarter of 2013 amounted to SEK 5,394 M (7,773). The first quarter of 2012 included net sales from discontinued operations of SEK 2,050 M,

predominantly from Trelleborg Automotive AVS, which is now part of TrelleborgVibracoustic.

Operating profit for the first quarter of 2013 was SEK 712 M (744). The first quarter of 2012 included operating profit from discontinued operations of SEK 97 M, predominantly from

Trelleborg Automotive AVS, which is now part of TrelleborgVibracoustic.

Net financial income and expenses amounted to a net expense of SEK 42 M (expense: 55) corresponding to an average rate of interest of 3.0 percent (3.3). Profit before tax amounted to SEK 670 M (689) while net profit totaled SEK 491 M (501). The tax rate was 27 percent (27). Earnings per share totaled SEK 1.80 (1.80).

Net debt

Change in net debt, SEK M	Q1 2013	Q1 2012	12M 2012
Net debt, opening balance	-5 360	-6 425	-6 425
Net cash flow for the period	-390	-342	740
Exchange rate differences	162	149	325
Net debt, closing balance	-5 588	-6 618	-5 360
Debt/equity ratio, %	39	49	38
Net Debt/EBITDA Total Group	1,5	1,9	1,4
Net Debt/EBITDA continuing operations incl items affecting comparability	1,7	2,3	1,7

Net debt increased by SEK 228 M during the quarter, amounting to a negative SEK 5,588 M. Net debt was impacted by negative free cash flow, implemented acquisitions during the quarter, and positive exchange-rate differences. A strong free cash flow over the past 12-month period and positive exchange-rate differences impacted net debt, which declined by more than SEK 1,000 M over the same period.

The debt/equity ratio was 39 percent (49). Net debt in relation to EBITDA for the Group in total was 1.5 (1.9). Net debt in relation to EBITDA for continuing operations, including items affecting comparability, was 1.7 (2.3).

Return on equity

%	R12 2013	12M 2012
Total Group	14,8	15,0
Continuing operations, excl items affecting comparability	12,9	12,5
Continuing operations, incl items affecting comparability	13,3	13,0

Shareholders' equity for the Group at the close of the period amounted to SEK 14,155 M (13,358), excluding non-controlling interests. Equity per share amounted to SEK 52.20 (49.30). The equity/asset ratio was 52 percent (46). Consolidated return on shareholders' equity for the most recent 12-month period was 14.8 percent (full-year 2012: 15.0).

Importants events during the quarter

Acquisition of marine docking and mooring solutions operation. Trelleborg Offshore & Construction signed an agreement for and finalized the acquisition of Sea Systems Technology Ltd. The company is predominantly specialized in the development of software and manufacture of emergency shutdown systems and other communications systems primarily used when carriers transporting liquefied natural gas (LNG) berth at terminals. Annual sales amount to approximately SEK 55 M. The acquisition broadens Trelleborg's product portfolio of berthing, docking and mooring solutions for harbors and ships.

Acquisition of industrial tire distributor. Trelleborg Wheel Systems signed an agreement for and finalized the acquisition of the industrial tire operation from the Dutch company Industriebanden Beheer B.V. The operation specializes in the distribution and service of industrial tires, such as those fitted on forklifts. Annual sales amount to approximately SEK 50 M. The acquisition strengthens and enlarges Trelleborg's European industrial tire distribution network.

Events after the close of the period

Acquisition of niche company in offshore oil & gas. Trelleborg Offshore & Construction has signed an agreement for and finalized the acquisition of Ambler Technologies Ltd. The company develops and produces composite materials that create strictly specified buoyancy and insulation properties in applications used primarily in deep-sea environments. Annual net sales amount to approximately SEK 50 M. The acquisition strengthens Trelleborg's position in oil and gas exploration and extraction, particularly in relation to buoyancy modules for Remotely Operated Vehicles (ROVs).

Risk management

Trelleborg focuses continuously on identifying, evaluating and managing risks arising in the Group's companies, business areas, business units and processes. Trelleborg has an Enterprise Risk Management process (ERM process) that aims to provide a Group-wide overview of Trelleborg's risks, deliver a basis for risk management decisions and enable assessment of the risks and of how they are managed.

The principal risks and uncertainties currently faced by the Group relate to the economy's effect on demand, supply and price movements of raw materials and components, structural programs and financial business environment risks. For further information regarding the Group's risks, risk exposure and risk management, refer to the Trelleborg Annual Report and www.trelleborg.com.

Trelleborg, April 24, 2013 Board of Directors of Trelleborg AB (publ)

This report has been prepared in accordance with IAS 34 Interim Financial Reporting and the applicable rules of the Swedish Annual Accounts Act. The interim report for the Parent Company has been prepared in accordance with Chapter 9 of the Swedish Annual Accounts Act, Interim Reports. The accounting policies applied by the Group and Parent Company correspond to the accounting policies applied in the preparation of the most recent annual report, with the exception of that stated below.

New and amended standards applied from January 1, 2013

The Group applies the new and amended standards described below as of January 1, 2013.

IFRS 13 Fair Value Measurement aims to reduce complexity by providing a more precise definition of fair value and more uniform disclosure requirements. The Group's assessment is that the only effect of this new standard is the expanded supplementary disclosures.

IAS 1 Presentation of Financial Statements has been amended in relation to Other comprehensive income. The main change is the requirement of categorizing the items recognized in Other comprehensive income on the basis of whether or not such items will be reclassified to profit or loss in later periods. This has resulted in the addition of new headings under the statement of comprehensive income.

IAS 19 Employee Benefits has been amended. The amendment implies the discontinuation of the corridor approach, that all actuarial gains and losses are now to be recognized in Other comprehensive income as they arise and that costs for services rendered in previous periods will be recognized on an ongoing basis. According to the new standard, instead of interest expenses and expected return on plan assets, financial income/expense will be recognized net by applying a discounting rate equivalent to that used to discount the pension liability, to the Group's net debt. Costs for the year's pension vesting and financial income/expenses is recognized net in profit or loss. The amended standard came into force on January 1, 2013 with retroactive application

The transition effects on the balance sheet, shareholders' equity, income statement and Other comprehensive income for the 2012 comparative year are as follows:

Shareholders' equity at January 1, 2012 was negatively impacted by SEK 173 M net after tax as a result of the recognition of unrealized actuarial losses and taking into account special employer's contributions and an increase in deferred tax assets. Accordingly, this entailed an increase of SEK 248 M in pension provisions and an increase in deferred tax assets of SEK 75 M.

The impact on profit for the year for the 2012 fiscal year is estimated to be marginal and the comparative figures have not, therefore, been restated. Other comprehensive income for 2012 was impacted by a revaluation of SEK 16 M.

The total negative effect on shareholders' equity at December 31, 2012 amounted to SEK 157 M. Accordingly, the new policy resulted, at the end of 2012 in an increase of SEK 231 M in pension provisions and of SEK 74 M in deferred tax assets, compared with earlier policies.

This report has not been subject to special review by the company's auditors.

TRELLEBORG AB - FIRST QUARTER 2013

Trelleborg Coated Systems is a leading global supplier of unique customer solutions for polymer-coated fabrics deployed in several industrial applications.

Excluding items affecting comparability, SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Net sales	463	469	1 732	1 738
Change total, %	-1	0		-4
Organic, %	-6	-2		-5
Structural, %	9	-		-
Exchange rate, %	-4	2		1
Operating profit	60	57	180	177
Operating margin, %	13,0	12,2	10,4	10,2
Operating cash flow	23	23	167	167
Return on capital employed, %			9,2	9,3
Additional key ratios on pages 18 - 20

Net sales for the quarter declined by 1 percent year-on-year. Sales were influenced by the generally weak trend for printing blankets in Europe. Sales of printing blankets in North and South America performed positively. Sales of coated fabrics were weak in Europe while the situation was stable in North America.

Operating profit rose compared with the year-earlier period. Efficiency improvements combined with effective cost control contributed to the earnings improvement. Exchangerate effects from the translation of foreign subsidiaries had a

negative impact on operating profit of SEK 3 M compared with the corresponding period in 2012.

Operating cash flow was on a par with the preceding year.

Integration of the Brazilian printing blanket manufacturer acquired during the autumn 2012 continued according to schedule.

The business area's investment in the world's largest facility for solvent-free production of printing blankets will soon be commissioned.

Trelleborg Industrial Solutions is a market leader in such industrial application areas as hose systems, industrial antivibration solutions and selected industrial sealing systems.

Excluding items affecting comparability, SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Net sales	1 094	1 202	4 394	4 502
Change total, %	-9	6		-2
Organic, %	-6	4		-2
Structural, %	-	1		1
Exchange rate, %	-3	1		-1
Operating profit	96	89	335	328
Operating margin, %	8,8	7,4	7,6	7,3
Operating cash flow	45	44	429	428
Return on capital employed, %			12,5	11,8
Additional key ratios on pages 18 - 20

Net sales for the quarter declined 9 percent year-on-year. Sales in general industry and construction-related operations declined, while sales in transportation equipment and offshore oil/gas were level with the corresponding period in 2012.

Operating profit increased year-on-year due primarily to improved cost efficiency. Restructuring programs announced earlier had a positive effect on earnings. Exchange-rate effects from the translation of foreign subsidiaries had a negative

impact of SEK 4 M on operating profit compared with the yearearlier period.

Operating cash flow was positively affected by operating profit, while the increase in tied-up working capital had a negative effect.

During the quarter, a facility in China was inaugurated in which polymer boots for drive shafts and steering applications are manufactured.

Trelleborg Offshore & Construction is a leading global supplier of polymer-based critical solutions for deployment in highly demanding environments.

Excluding items affecting comparability, SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Net sales	877	919	3 676	3 718
Change total, %	-5	14		16
Organic, %	-5	10		13
Structural, %	5	0		0
Exchange rate, %	-5	4		3
Operating profit	49	49	221	221
Operating margin, %	5,6	5,3	6,0	5,9
Operating cash flow	-201	-129	161	233
Return on capital employed, %			10,6	10,6
Additional key ratios on pages 18 - 20

Net sales for the quarter declined 5 percent year-on-year, which is partially due to the nature of project related operations. Demand during the quarter continued to develop favorably for offshore oil/gas as well as infrastructure. Activity remained high in the majority of market segments.

Operating profit was unchanged compared with the corresponding period in 2012. Exchange-rate effects from the translation of foreign subsidiaries had a negative impact of SEK 3 M on operating profit compared with the year-earlier period. Operating profit was positively impacted by implemented restructuring programs. During the quarter, the business areas signed an agreement for and finalized the acquisition of Sea Systems Technology Ltd., active within marine docking and mooring solutions, primarily for LNG (refer to page 6). The integration of the operation is progressing favorably and according to plan, and the business made a positive contribution to operating profit for the quarter.

While operating cash flow was negatively impacted by a rise in tied-up working capital, it is tracking normal seasonal variations.

The business area secured a delivery contract for docking and berthing equipment as well as software for a monitoring system for an LNG project in Australia.

After the close of the period, an agreement was signed for and the acquisition was finalized of Ambler Technologies Ltd. The company develops and produces composite materials in applications primarily deployed in deep-sea environments (refer to page 6).

A new generation of buoyancy clamps for deep-sea environments has been developed. Its properties make buoyancy installation easier, faster and safer. Furthermore, the business area has launched a new generation of a unique thermal insulation technology for deep-sea projects within oil and gas applications.

Trelleborg Sealing Solutions is a leading global supplier of polymer-based sealing solutions.

Excluding items affecting comparability, SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Net sales	1 750	1 973	6 992	7 215
Change total, %	-11	9		-1
Organic, %	-7	4		-2
Structural, %	-	3		1
Exchange rate, %	-4	2		0
Operating profit	352	429	1 436	1 513
Operating margin, %	20,1	21,7	20,5	20,9
Operating cash flow	224	264	1 655	1 695
Return on capital employed, %			20,2	20,9
Additional key ratios on pages 18 - 20

Net sales for the quarter declined 11 percent year-on-year. The decrease was greatest in light vehicles and general industry, while sales to the aerospace industry were on a par with the preceding year. Compared with the preceding year, the decline in sales was mainly visible in Europe, but also North America. The trend was more stable in Asia.

Operating profit deteriorated compared with the corresponding period in 2012, mainly due to lower sales. Effective cost management partially offset the lower sales. Exchange-rate effects from the translation of foreign subsidiaries had a negative impact of SEK 18 M on operating profit compared with the year-earlier period.

Operating cash flow was partly affected by the lower operating profit but was offset by continued efficient management of working capital.

The business area is investing in product development and presented a unique polymer application during the quarter that can be used in equipment for Magnetic Resonance Imaging within life sciences. Furthermore, an innovative and patented seal used in central tire inflation systems of primarily off-highway vehicles and heavy vehicles was launched.

TRELLEBORG AB - FIRST QUARTER 2013

Trelleborg Wheel Systems is a leading global supplier of tires and complete wheels for agricultural and forestry machines, forklift trucks and other materials handling vehicles.

Excluding items affecting comparability, SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Net sales	1 109	1 128	3 846	3 865
Change total, %	-2	19		0
Organic, %	-7	17		2
Structural, %	10	1		-1
Exchange rate, %	-5	1		-1
Operating profit	144	156	437	449
Operating margin, %	13,0	13,8	11,3	11,6
Operating cash flow	-64	-125	288	227
Return on capital employed, %			17,1	18,5
Additional key ratios on pages 18 - 20

Net sales for the quarter declined 2 percent year-on-year. Adjusted for acquisitions and exchange-rate effects, organic sales declined by 7 percent. Sales of tires fitted on materials handling vehicles in Europe declined significantly compared with the corresponding period in 2012. Sales of agricultural tires fell slightly less and performed in line with the underlying market. The quarter was the second best to date in terms of agricultural tires, despite a substantially weaker market climate.

Although operating profit was impacted by lower sales, this was offset by reduced costs excluding exchange-rate effects. Exchange-rate effects from the translation of foreign subsidiaries had a negative impact of SEK 11 M on operating profit compared with the year-earlier period. The integration of Maine Industrial Tire, acquired at the end of the fourth quarter

of 2012, is progressing according to schedule. The acquisition made a positive contribution to operating profit during the quarter.

Operating cash flow tracked seasonal variations, but was positively impacted by lower tied-up working capital compared with the corresponding period in the preceding year.

During the quarter, the business area signed an agreement for and finalized the acquisition of the industrial tire operation from Industriebanden Beheer B.V. The business is a specialist in the distribution and service of industrial tires (refer to page 6).

TrelleborgVibracoustic is a joint venture, formed in July 2012. The company is a global leader within antivibration solutions for light and heavy vehicles.

		proforma 1)	proforma 1)	proforma 1)
Excluding items affecting comparability, SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Net sales	3 602	3 703	14 124	14 225
Change total, %	-3
Organic, %	1
Structural, %	0
Exchange rate, %	-4
Operating profit	238	244	854	860
Operating, margin %	6,6	6,6	6,0	6,0
Operating cashflow	-178
EBITDA	363	354	1 327	1 318
Capital employed, closing balance	4 315			3 886
Net debt, closing balance	1 594			1 380
Equity, closing balance	2 644			2 500

1) The proforma figures are based on a combination of previous consolidation of entities within Trelleborg Automotive and Vibracoustic.

Net sales for the quarter declined 3 percent year-on-year. Strong sales in North America, combined with a beneficial product and platform mix, contributed to an increase of approximately 1 percent in organic sales, which was better than the underlying market. Compared with the year-earlier period, global production of light vehicles for the quarter was slightly negative, albeit with growth primarily in Asia, and China in particular. In North America, the trend was slightly negative, while development in Europe and India remained negative.

Operating profit and the operating margin were in line with the corresponding period in 2012 (pro forma), but were negatively impacted by ongoing integration programs and negative exchange-rate effects. A number of minor synergy effects had a positive impact on earnings.

Operating cash flow tracked seasonal variations. During the quarter, TrelleborgVibracoustic signed an agreement with the Turkish company HSS Otomotiv regarding a merger of the respective parties' air springs operations for commercial vehicles. The new company will primarily conduct operations in Turkey and is 50.1-percent owned by TrelleborgVibracoustic.

TrelleborgVibracoustic's new head office in Darmstadt, Germany, will be officially inaugurated at the end of April 2013.

TrelleborgVibracoustic was formed in July 2012 when Trelleborg and Freudenberg finalized the formation of the 50/50 joint venture in antivibration solutions for light and heavy vehicles. The company is reported as an associated company in the financial accounts and is recognized according to the equity method.

SEK M	Q1 2013	Q1 2012 2)	R9 2013 3)	12M 2012 4)
Operating profit excl items affecting comparability	238	-	615	377
Acquisition related costs	-5	-	-42	-37
Amortization of intangible assets 1)	-10	-	-54	-44
Restructuring items	-7	-	-39	-32
Operating profit	216	-	480	264
Profit before tax	220	-	437	217
Trelleborg share	110	-	219	109
Tax	-59	-	-123	-64
Trelleborg share	-29	-	-61	-32
Net profit	162	-	315	153
Trelleborg share	81	-	157	77

1) Related to split of acquisition balance

2) TrelleborgVibracoustic was formed in July 2012

3) Relates to last two quarters 2012 and the first quarter 2013

4) Relates to last two quarters 2012

Trelleborg's participation in TrelleborgVibracoustic is included in operating profit in accordance with the equity method in the amount of SEK 110 M before tax (-). This participation was charged with SEK 11 M, corresponding to half of the expenses affecting comparability in the joint venture. For the comparable part of Trelleborg now included in TrelleborgVibracoustic, operating profit after items affecting comparability amounted to SEK 82 M in the year-earlier period.

In the period ahead, amortization of intangible assets is expected to amount to approximately SEK 10 M per quarter compared with the figure of SEK 22 M communicated earlier. Efforts to determine the final purchase price will continue until June of this year.

Exchange-rate differences had a positive impact on the quarter's financial income and expenses.

Financial statements

Income Statements
SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Continuing operations
Net sales	5 394	5 723	20 933	21 262
Cost of goods sold	-3 615	-3 869	-14 141	-14 395
Gross profit	1 779	1 854	6 792	6 867
Selling expenses	-518	-517	-2 029	-2 028
Administrative expenses	-580	-589	-2 327	-2 336
Research and development costs	-73	-76	-306	-309
Other operating income/expenses	31	-6	182	145
Profit from TrelleborgVibracoustic	110	-	219	109
Profit from part in other assoc companies	0	0	3	3
Items affecting comparability	-37	-19	-7	11
Operating profit	712	647	2 527	2 462
Financial income and expenses	-42	-44	-152	-154
Profit before tax	670	603	2 375	2 308
Tax	-150	-166	-472	-488
Tax related to part in TrelleborgVibracoustic	-29	-	-61	-32
Total tax	-179	-166	-533	-520
Net profit	491	437	1 842	1 788
Discontinued operations 1)
Net sales	-	2 050	1 925	3 975
Operating profit	-	97	256	353
Profit before tax	-	86	232	318
Net profit	-	64	205	269
Group
Net sales	5 394	7 773	22 858	25 237
Operating profit	712	744	2 783	2 815
Profit before tax	670	689	2 607	2 626
Total net profit	491	501	2 047	2 057
- equity holders of the parent	489	494	2 037	2 042
- non-controlling interest	2	7	10	15
Earnings per share, SEK	Q1 2013	Q1 2012	R12 2013	12M 2012
Continuing operations	1,80	1,60	6,75	6,55
Discontinued operations 1)	0,00	0,20	0,80	1,00
Group, total	1,80	1,80	7,55	7,55
Number of shares
End of period	271 071 783	271 071 783	271 071 783	271 071 783
Average number	271 071 783	271 071 783	271 071 783	271 071 783
1) M ainly including operations divested to the joint venture TrelleborgVibracoustic in July 2012.
Statements of comprehensive income
SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Total net profit	491	501	2 047	2 057
Other comprehensive income
Items that will not be reclassified to the income statement
Actuarial gains and losses	-4	4	8	16

	-4	4	8	16
Items that may be reclassified to the income statement
Cash flow hedges	5	22	-7	10
Hedging of net investment	319	186	669	536
Translation difference 2)	-562	-467	-1 067	-972
Income tax relating to components of other comprehensive income 2)	-70	-50	-162	-142
	-308	-309	-567	-568
Other comprehensive income, net of tax	-312	-305	-559	-552
Total comprehensive income	179	196	1 488	1 505

2) Whereof discontinued operations, translation difference SEK -56 M and income tax SEK 19 M included in the period Jul - Sep 2012.

TRELLEBORG AB - FIRST QUARTER 2013

Balance Sheets
Group	Mar 31	Mar 31	Dec 31
SEK M	2013	2012	2012
Property, plant and equipment	4 801	5 716	4 909
Intangible assets	8 713	10 248	8 824
Shares in asscociated companies	2 944	56	2 867
Other financial assets	997	1 311	1 126
Total non-current assets	17 455	17 331	17 726
Inventories	3 370	3 927	3 275
Current operating receivables	5 143	6 952	4 420
Current interest-bearing receivables	468	221	1 143
Cash and cash equivalents	652	757	660
Total current assets	9 633	11 857	9 498
Total assets	27 088	29 188	27 224
Equity holders of the parent	14 155	13 358	13 977
Non-controlling interest	36	169	35
Total equity	14 191	13 527	14 012
Non-current interest-bearing liabilities	3 882	5 820	4 942
Other non-current liabilities	1 035	1 302	1 119
Total non-current liabilities	4 917	7 122	6 061
Interest-bearing current liabilities	3 032	2 040	2 433
Other current liabilities	4 948	6 499	4 718
Total current liabilities	7 980	8 539	7 151
Total equity and liabilities	27 088	29 188	27 224

Specification of changes in equity	Mar 31	Mar 31	Dec 31
SEK M	2013	2012	2012
Attributable to equity holders of the parent
Opening balance, January 1	13 977	13 338	13 338
Effect from cnamge in accounting principles	-	-173	-173
Adjusted opening balance, January 1	13 977	13 165	13 165
Total comprehensive income	178	193	1 490
Closing balance	14 155	13 358	13 977
Attributable to non-controlling interest
Opening balance, January 1	35	166	166
Total comprehensive income	1	3	15
Acquisition	-	-	-14
Divested operations	-	-	-127
Dividend	0	0	-5
Closing balance	36	169	35
Sum total equity, closing balance	14 191	13 527	14 012

Cash flow statements

Group, SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Operating activities
Operating profit incl part in associated companies	712	647	2 527	2 462
Adjustments for items not included in cash flow:
Depreciation, property, plant and equipment	155	154	629	628
Amortization, intangible assets	13	11	50	48
Impairment losses, property, plant and equipment	2	4	20	22
Impairment losses, intangible assets	0	0	0	0
Provision for restructuring costs	37	19	186	168
Other, non cash-flow affecting items	-112	-2	-232	-122
Operating activities in discontiuned operations	0	144	166	310
	807	977	3 346	3 516
Interest received and other financial items	10	5	45	40
Interest paid and other financial items	-112	-96	-206	-190
Interest and other financial items in discontinued operations	-	-11	-24	-35
Taxes paid	-131	-94	-497	-460
Taxes paid in discontinued operations	-	-14	-20	-34
Cash flow from operating activities before changes in working capital	574	767	2 644	2 837
Cash flow from changes in working capital:
Change in inventories	-99	-12	235	322
Change in operating receivables	-869	-902	-455	-488
Change in operating liabilities	310	170	402	262
Change in working capital in discontinued operations	-	-257	-143	-400
Utilization of restructuring provisions	-27	-36	-113	-122
Cash flow from operating activities	-111	-270	2 570	2 411
Investing activities
Acquisitions	-131	-	-875	-744
Discontinued operations	-	-112	440	328
Capital expenditure, property, plant and equipment	-134	-158	-823	-847
Capital expenditure in intangible assets	-15	-7	-71	-63
Capital expenditure in non-current assets in discontinued operations	-	-54	-80	-134
Sale of non-current assets	1	4	56	59
Sale of non-current assets in discontinued operations	-	29	-5	24
Cash flow from investing activities	-279	-298	-1 358	-1 377
Financing activities
Change in interest-bearing investments	855	343	387	-125
Change in interest-bearing liabilities	-461	248	-982	-273
Dividend - equity holders of the parent	-	-	-678	-678
Dividend - non-controlling interest	0	0	-5	-5
Cash flow from financing activities	394	591	-1 278	-1 081
Cash flow for the period	4	23	-66	-47
Cash and cash equivalents:
At beginning of the period	660	753	757	753
Exchange rate differences	-12	-19	-39	-46
Cash and cash equivalents at end of period	652	757	652	660

Continuing operations (unless otherwise stated)

SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Net sales
Trelleborg Coated Systems	463	469	1 732	1 738
Trelleborg Industrial Solutions	1 094	1 202	4 394	4 502
Trelleborg Offshore & Construction	877	919	3 676	3 718
Trelleborg Sealing Solutions	1 750	1 973	6 992	7 215
Trelleborg Wheel Systems	1 109	1 128	3 846	3 865
Group items	250	289	963	1 002
Eliminations	-149	-257	-670	-778
Total	5 394	5 723	20 933	21 262
Operating profit 1)
Trelleborg Coated Systems	60	57	180	177
Trelleborg Industrial Solutions	96	89	335	328
Trelleborg Offshore & Construction	49	49	221	221
Trelleborg Sealing Solutions	352	429	1 436	1 513
Trelleborg Wheel Systems	144	156	437	449
Group items	-62	-114	-294	-346
Total	639	666	2 315	2 342
Operating margin, % 1)
Trelleborg Coated Systems	13,0	12,2	10,4	10,2
Trelleborg Industrial Solutions	8,8	7,4	7,6	7,3
Trelleborg Offshore & Construction	5,6	5,3	6,0	5,9
Trelleborg Sealing Solutions	20,1	21,7	20,5	20,9
Trelleborg Wheel Systems	13,0	13,8	11,3	11,6
Total	11,8	11,6	11,0	11,0

1) Excluding items affecting comparability and participations in TrelleborgVibracoustic

Net sales per market, share and organic growth, %	Q1 2013	Q1 2012	12M 2012
Western Europe (56%)	-4	-2	-4
Other Europe (5%)	14	9	-3
North America (20%)	-11	35	15
South and Central America (3%)	-8	4	0
Asia and other markets (16%)	-4	2	2
Total (100% refer to share 2012)	-5	6	1

Items affecting comparability in operating profit, SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Cost of goods sold	-23	-10	-78	-65
Selling expenses	-5	-3	-14	-12
Administrative expenses	-3	-2	-33	-32
Research and development costs	-	-	-1	-1
Other operating income	-	-	203	203
Other operating expenses	-6	-4	-84	-82
Total items affecting comparability	-37	-19	-7	11

TRELLEBORG AB - FIRST QUARTER 2013

Capital employed, SEK M	Q1 2013	Q1 2012	12M 2012
Trelleborg Coated Systems	2 060	1 804	2 005
Trelleborg Industrial Solutions	2 517	2 917	2 519
Trelleborg Offshore & Construction	2 185	2 102	1 889
Trelleborg Sealing Solutions	6 830	7 363	6 878
Trelleborg Wheel Systems	2 916	2 388	2 743
Group items	358	241	469
TrelleborgVibracoustic	2 937	-	2 860
Provision for restructuring costs	-138	-75	-130
Total	19 665	16 740	19 233

Return on capital employed excl. items affecting comparability, %	R12 2013	R12 2012	12M 2012
Trelleborg Coated Systems	9,2	11,5	9,3
Trelleborg Industrial Solutions	12,5	13,5	11,8
Trelleborg Offshore & Construction	10,6	5,7	10,6
Trelleborg Sealing Solutions	20,2	21,4	20,9
Trelleborg Wheel Systems	17,1	20,1	18,5
Total	13,8	13,9	13,9

			Capital				Sold non current Change in working
Cash flow report	EBITDA	1)	expenditure		assets		capital			Total cash flow
SEK M	Q1 2013	Q1 2012	Q1 2013	Q1 2012	Q1 2013	Q1 2012	Q1 2013	Q1 2012	Q1 2013		Q1 2012 R 12 2013
Trelleborg Coated Systems	108	76	-9	-3	0	0	-76	-50	23	23	167
Trelleborg Industrial Solutions	135	128	-19	-27	0	0	-71	-57	45	44	429
Trelleborg Offshore & Construction	75	76	-20	-44	0	0	-256	-161	-201	-129	161
Trelleborg Sealing Solutions	409	488	-45	-35	1	3	-141	-192	224	264	1 655
Trelleborg Wheel Systems	177	183	-38	-32	0	1	-203	-277	-64	-125	288
Group items	-97	-114	-18	-24	-	-	89	-7	-26	-145	-383
Operating cash flow	807 837 -149 -165 1 4 -658 -744						1	-68	2 317
Utilization of restructuring provisions/sale of property									-27	-36	90
Dividend - non-controlling interest									0	0	-5
Financial items									-102	-91	-161
Paid tax									-131	-94	-497
Free cash flow									-259	-289	1 744
Acquisitions									-131	-	-875
Discontinued operations								-	-53	501
Dividend - equity holders of the parent									-	-	-678
Sum net cash flow									-390	-342	692

1) Excluding other non cash-flow affecting items

The acquisition of a marine docking and mooring solutions business and the acquisition of a distributor of industrial tires were finalized during the quarter. These are not considered to have a material impact on the Group's sales and earnings. Refer to page 6 for further information.

After the close of the period, the acquisition of a niche company in offshore oil/gas was finalized. This acquisition is not considered to have a material impact on the Group's sales and earnings. Refer to page 6 for further information.

SEK M	Q1 2013	Q4 2012	Q3 2012	Q2 2012	Q1 2012	Q4 2011	Q3 2011	Q2 2011	Q1 2011
Net sales
Trelleborg Coated Systems	463	406	399	464	469	434	432	475	469
Trelleborg Industrial Solutions	1 094	1 107	1 031	1 162	1 202	1 140	1 118	1 219	1 135
Trelleborg Offshore & Construction	877	944	911	944	919	804	738	851	806
Trelleborg Sealing Solutions	1 750	1 592	1 706	1 944	1 973	1 707	1 863	1 905	1 813
Trelleborg Wheel Systems	1 109	833	852	1 052	1 128	954	953	1 006	950
Group items	250	226	212	275	289	278	354	311	357
Eliminations	-149	-142	-150	-229	-257	-213	-271	-275	-270
Total	5 394	4 966	4 961	5 612	5 723	5 104	5 187	5 492	5 260
Operating profit 1)
Trelleborg Coated Systems	60	37	30	53	57	41	55	67	64
Trelleborg Industrial Solutions	96	93	70	76	89	88	91	116	92
Trelleborg Offshore & Construction	49	57	47	68	49	-30	40	57	46
Trelleborg Sealing Solutions	352	277	343	464	429	301	422	420	352
Trelleborg Wheel Systems	144	72	88	133	156	99	98	108	96
Group items	-62	-90	-50	-92	-114	-123	-94	-94	-81
Total	639	446	528	702	666	376	612	674	569
Operating margin, % 1)
Trelleborg Coated Systems	13,0	9,1	7,7	11,3	12,2	9,5	12,8	14,0	13,7
Trelleborg Industrial Solutions	8,8	8,4	6,8	6,6	7,4	7,8	8,1	9,5	8,1
Trelleborg Offshore & Construction	5,6	6,1	5,2	7,2	5,3	neg	5,5	6,6	5,7
Trelleborg Sealing Solutions	20,1	17,4	20,0	23,8	21,7	17,7	22,6	22,0	19,4
Trelleborg Wheel Systems	13,0	8,5	10,4	12,6	13,8	10,4	10,3	10,8	10,1
Total	11,8	9,0	10,6	12,5	11,6	7,4	11,8	12,3	10,8
Items aff. comparability in operating profit	-37	-129	-12	171	-19	-63	-46	-28	-1
Profit from part in TrelleborgVibracoustic	110	37	72	-	-	-	-	-	-
Operating profit	712	354	588	873	647	313	566	646	568

1) Excluding items affecting comparability

Income Statements, SEK M	Q1 2013	Q4 2012	Q3 2012	Q2 2012	Q1 2012	Q4 2011	Q3 2011	Q2 2011	Q1 2011
Continuing operations
Net sales	5 394	4 966	4 961	5 612	5 723	5 104	5 187	5 492	5 260
Cost of goods sold	-3 615	-3 404	-3 402	-3 720	-3 869	-3 570	-3 440	-3 635	-3 580
Gross profit	1 779	1 562	1 559	1 892	1 854	1 534	1 747	1 857	1 680
Selling expenses	-518	-501	-468	-542	-517	-506	-502	-513	-504
Administrative expenses	-580	-597	-545	-605	-589	-654	-584	-609	-553
Research and development costs	-73	-80	-74	-79	-76	-72	-65	-66	-70
Other operating income/costs	31	62	54	35	-6	74	16	5	16
Profit from TrelleborgVibracoustic	110	37	72	-	-	-	-	-	-
Profit from part in other assoc companies	0	0	2	1	0	0	0	0	0
Items affecting comparability	-37	-129	-12	171	-19	-63	-46	-28	-1
Operating profit	712	354	588	873	647	313	566	646	568
Financial income and expenses	-42	-37	-39	-34	-44	-70	-27	-41	-26
Profit before tax	670	317	549	839	603	243	539	605	542
Tax	-150	-59	-133	-130	-166	-110	-143	-176	-167
Tax related to TrelleborgVibracoustic	-29	-14	-18	-	-	-	-	-	-
Total tax	-179	-73	-151	-130	-166	-110	-143	-176	-167
Net profit	491	244	398	709	437	133	396	429	375
Discontinued operations 1)
Net sales	-	0	4	1 921	2 050	2 002	2 004	2 091	2 010
Operating profit	-	11	3	242	97	146	55	58	337
Profit before tax	-	12	3	217	86	153	28	50	320
Net profit	-	13	0	192	64	133	24	38	310
Group
Net sales	5 394	4 966	4 965	7 533	7 773	7 106	7 191	7 583	7 270
Operating profit	712	365	591	1 115	744	459	621	704	905
Profit before tax	670	329	552	1 056	689	396	567	655	862
Total net profit	491	257	398	901	501	266	420	467	685
- equity holders of the parent	489	256	396	896	494	262	413	465	679
- non-controlling interest	2	1	2	5	7	4	7	2	6
Earnings per share, SEK	Q1 2013	Q4 2012	Q3 2012	Q2 2012	Q1 2012	Q4 2011	Q3 2011	Q2 2011	Q1 2011
Continuing operations	1,80	0,90	1,45	2,60	1,60	0,50	1,45	1,55	1,40
Discontinued operations 1)	0,00	0,05	0,00	0,75	0,20	0,45	0,10	0,15	1,10
Group, total	1,80	0,95	1,45	3,35	1,80	0,95	1,55	1,70	2,50

1) M ainly operations included in the joint venture TrelleborgVibracoustic as from beginning Q3 2012.

TRELLEBORG AB - FIRST QUARTER 2013

The Group´s financial assets and liabilites measured at fair value

At March 31, 2013	Assets/liabilites at fair Derivatives valued at fair value in profit and loss value in profit and loss		Derivatives used for hedging purposes
SEK M
	Carrying	Measure	Carrying	Measure	Carrying	Measure
	amount	ment level	amount	ment level	amount	ment level	Total
Other financial non-current assets	25	2	-		-		25
Accounts receivable and other receivables	-		-		26	2	26
Current interest-bearing receivables	85	2	26	2	154	2	265
Total assets	110		26		180		316
Interest-bearing non-current liabilites	-		-		92	2	92
Interest-bearing current liabilites	-		25	2	98	2	123
Accounts payable and other liabilities	-		7	2	24	2	31
Total liabilites	-		32		214		246

At December 31, 2012	Assets/liabilites at fair value in profit and loss		Derivatives valued at fair value in profit and loss		Derivatives used for hedging purposes
SEK M	Carrying amount	Measure ment level	Carrying amount	Measure ment level	Carrying amount	Measure ment level	Total
Other financial non-current assets	25	2	-		-		25
Accounts receivable and other receivables	-		-		19	2	19
Current interest-bearing receivables	70	2	40	2	105	2	215
Total assets	95		40		124		259
Interest-bearing non-current liabilites	-		-		110	2	110
Interest-bearing current liabilites	-		72	2	10	2	82
Accounts payable and other liabilities	-		8	2	67	2	75
Total liabilites	-		80		187		267

Valuation techniques used to derive Level 2 fair values

Level 2 derivatives comprise forward foreign contracts and interest rate swaps and are used mainly for hedging purposes but also for proprietary trading. These forward foreign exchange contracts have been fair valued using forward exchange rates that are quoted in an active market. Interest rate swaps are fair valued using forward interest rated extracted from observable yield curves. The effects of discounting are generally insignificant for Level 2 derivatives.

Disclosure of fair value for debt and other financial instruments measured at amortized cost in the balance sheet.

All debt bears variable interest and the recognized amounts for interest-bearing liabilities are deemed to correspond to their fair value. For other financial instruments the recognized amounts are also deemed to correspond to their fair value.

Parent Company

Income statements, SEK M	Q1 2013	Q1 2012	R12 2013	12M 2012
Administrative expenses	-50	-59	-304	-313
Other operating income	2	1	222	221
Operating profit	-48	-58	-82	-92
Financial income and expenses	-185	-249	-588	-652
Profit before tax	-233	-307	-670	-744
Appropriations	-	-	1 372	1 372
Tax	74	76	-90	-88
Net profit	-159	-231	612	540

Statements of comprehensive income	Q1 2013	Q1 2012	R12 2013	12M 2012
Net profit	-159	-231	612	540
Other comprehensive income
Fair value	-	-	-	-
Income tax relating to components of other comprehensive income	-	-	-	-
Other comprehensive income, net of tax	-	-	-	-
Total comprehensive income	-159	-231	612	540

Balance sheets	Mar 31	Mar 31	Dec 31
SEK M	2013	2012	2012
Property, plant and equipment	24	22	24
Intangible assets	2	4	2
Financial assets	35 747	34 846	35 744
Total non-current assets	35 773	34 872	35 770
Current receivables	77	64	85
Current tax assets	-	75	-
Interest-bearing receivables	340	224	2 102
Cash and cash equivalents	7	0	0
Total current assets	424	363	2 187
Total assets	36 197	35 235	37 957
Shareholders' equity	13 180	13 256	13 339
Total equity	13 180	13 256	13 339
Untaxed reserves	105	-	105
Interest-bearing non-current liabilities	32	29	33
Other non-current liabilities	20	19	18
Total non-current liabilities	52	48	51
Interest-bearing current liabilities	22 784	21 860	24 210
Other current liabilities	76	71	252
Total current liabilities	22 860	21 931	24 462
Total equity and liabilities	36 197	35 235	37 957

Financial definitions

Return on shareholders' equity, % Profit for the period, attributable to shareholders of the Parent Company as a percentage of average shareholders' equity, excluding noncontrolling interests.

Return on capital employed, % Operating profit divided by the average capital employed.

EBITDA Operating profit excluding depreciation of PPE and amortization of intangible assets.

Free cash flow Operating cash flow, cash flow from financial items, taxes and the effect of restructuring measures on cash flow.

Equity method Shares in associated companies are accounted for according to the equity method, in which the initial participation in the associated company is adjusted to reflect the Group's participation in the profit of the associated company and any dividends. As regards the Group's largest associated company, TrelleborgVibracoustic, the share in profit is reported on two lines in the income statement; profit before tax and tax.

Net debt Interest-bearing liabilities less interest-bearing assets and cash and cash equivalents.

Net debt/EBITDA Net debt divided by EBITDA.

Operating cash flow EBITDA excluding other non-cash items, investments, sold non-current assets and changes in working capital but excluding cash flow pertaining to restructuring.

Earnings per share Net profit for the period, attributable to shareholders of the Parent Company, divided by the average number of shares outstanding.

Operating margin, % Operating profit as a percentage of net sales.

Operating profit Operating profit as stated in the income statement.

Debt/equity ratio, % Net debt divided by total equity.

Equity/assets ratio, % Total equity divided by total assets.

Capital employed Total assets less interest-bearing financial assets and noninterest-bearing operating liabilities (including pension liabilities) and excluding tax assets and tax liabilities.

Glossary

Life sciences A term that mainly encompasses biological and medical sciences, in addition to biochemistry, pharmacology and biotechnology, among others.

LNG Liquefied Natural Gas.

OEM Original Equipment Manufacturer, the end producer of, for example, a tractor.

Plastics can be divided into two main groups.

Thermoplastics are non-cross-linked plastics that are solid at room temperature but become soft and moldable when heated. Hard plastics are cross-linked plastics that disintegrate upon heating and do not regain their properties.

Seasonal effects

The various market segments are subject to seasonal effects. Demand for the Group is normally higher in the first six months of the year than in the last six months.

Polymer The word is derived from the Greek "poly," meaning "many" and "meros" meaning "parts." Polymers are made up of many small molecules – monomers – that are linked in long chains. Examples of polymers are plastics and rubber.

Polymer technology The technology relating to manufacturing processes for polymers in combination with their unique properties.

ROV Remotely Operated Vehicle.

About Trelleborg

Trelleborg is a world leader in engineered polymer solutions. We seal, damp and protect critical applications in demanding environments. Our innovative solutions accelerate performance for customers in a sustainable way.

Business concept

We seal, damp and protect in demanding industrial environments throughout the world. Our customers can rely on engineered solutions based on leading polymer technology and unique applications know-how.

Main strategies

Growth. Trelleborg strives to move from mature to more profitable and fast-growing segments. A rapid change was also implemented geographically with robust establishments in China, India and the rest of Asia, as well as South America with a focus on Brazil. Development and innovation. With our customer-focused development and service, we are consistently moving toward increasingly customized polymer solutions with a higher technology and knowledge content, that also satisfy society's demands for sustainability.

Excellence. We are systematically and continuously improving our primary operational, commercial and financial processes with the

customer's interests in mind, with the purpose of eliminating waste and unnecessary activities, so that sales growth can immediately leverage profitability.

Basis for value generation

Polymer engineering. For more than a century, and into the future, we pioneer applied polymer-engineering and materials technology in our chosen sectors.

Local presence, global reach. Our local teams leverage our global strength and capabilities when needed, acting as a local partner wherever we conduct business.

Application expertise. We have leading-edge technology and indepth understanding of the challenges our customers must overcome to seal, damp and protect critical applications. Customer integration. Having close integration with markets and customers through multiple channels and excellence across touchpoints, we make it easy to do business with us.

Business accelerator. Working as a proactive and long-term business partner, we deliver solutions based on market foresight to contribute to better business

Trelleborg's market segments:

		Trelleborg	Trelleborg	Trelleborg	Trelleborg	Trelleborg
		Coated	Industrial	Offshore &	Sealing	Wheel
Market segment	Group total	Systems	Solutions	Construction	Solutions	Systems
Capital-intensive industry	49%
- Offshore oil & gas	11%			60%	2%
- Transportation equipment	12%		10%		11%	37%
- Agriculture	13%				3%	63%
- Infrastructure construction	9%		11%	40%
- Aerospace	4%				13%
Generel industry	40%	100%	69%		46%
Light vehicles	11%		10%		25%

Net sales per market segment 2012

The Trelleborg Group's operations

Continuing operations

Refers to operations within Trelleborg's five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. It also includes Group items defined as central staff functions and two operations, the first of which is Group-wide and the second of which is in the build-up and integration phase.

TrelleborgVibracoustic

In July 2012, Trelleborg and Freudenberg formed a 50/50 joint venture in antivibration solutions for light and heavy vehicles, TrelleborgVibracoustic. The company is reported as an associated company in the financial accounts and recognized in accordance with the equity method, see page 24 for further information.

Discontinued operations

Refer generally to operations that are discontinuing or will be discontinued. For 2012, discontinued operations primarily relate to operations within Trelleborg Automotive, now part of TrelleborgVibracoustic, a protective products operation and a

French light-vehicle component operation. For 2011, discontinued operations also include a roofing operation.

Group in total

The above three parts consolidated sum up to the Trelleborg Group in total.

Invitation to presentaion and telephone conference on April 24 at 3:00 p.m.

A telephone conference will be held on April 24 at 3:00 p.m. To participate in the telephone conference, call +46 (0)8 505 564 76 or +44 203 364 5371 or +1877 679 29 93. Code: "Trelleborg". The conference will also be broadcast on the Internet in real time. Visit our website at: www.trelleborg.com/en/Investors/Presentations for the Internet link and presentation materials.

Financial calendar

Interim report April-June 2013 July 23, 2013 Interim report July-September 2013 October 23, 2013 Year-end report 2013 February 13, 2014

For further information

Investors/analysts

Christofer Sjögren, VP Investor Relations Phone: +46 (0)410 - 670 68 Mobile: +46 (0)708 - 66 51 40 E-mail: christofer.sjogren@trelleborg.com

Media

Karin Larsson, VP Media Relations Phone: +46 (0)410 - 670 15 Mobile:+46 (0)733 - 74 70 15 E-mail: karin.larsson@trelleborg.com

For information about the Trelleborg Group, Annual Reports, the stakeholder magazine T-TIME and other information, please visit the Group's website: www.trelleborg.com or download "Trelleborg IR" from the App Store or Google Play.

Trelleborg AB (publ) Corp. Reg. No. 556006-3421 PO Box 153, SE-231 22 Trelleborg, Sweden. Phone: +46 (0)410-670 00 www.trelleborg.com

This report contains forward-looking statements that are based on the current expectations of the management of Trelleborg. Although management believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove correct. Accordingly, results could differ materially from those implied in the forward-looking statements as a result of, among other factors, changes in economic, market and competitive conditions, changes in the regulatory environment and other government actions, fluctuations in exchange rates and other factors.

This is information of the type that Trelleborg AB (publ) is obligated to disclose in accordance with the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was issued for publication on Wednesday, April 24, 2013, at 1:00 p.m.