Financials Trelleborg AB

Equities

TREL B

SE0000114837

Industrial Machinery & Equipment

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2025-01-24 pm EST			5-day change	1st Jan Change
408.40 ^SEK	+0.05%		+1.29%	+7.87%

Jan. 16	Pareto raises target price and reiterates Buy for Trelleborg ahead of report	FW
Jan. 16	Pareto Securities raises target price for Trelleborg to SEK 440 (400), reiterates Buy	FW

Projected Income Statement: Trelleborg AB

income-statement-evolution-chart TRELLEBORG-AB

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	36,588	32,836	33,864	30,095	34,286	33,999	36,842	38,320
Change	-	-10.25%	3.13%	-11.13%	13.93%	-0.84%	8.36%	4.01%
EBITDA ¹	6,605	6,164	6,864	6,475	7,368	7,164	8,173	8,738
Change	-	-6.68%	11.36%	-5.67%	13.79%	-2.76%	14.08%	6.91%
EBIT ¹	4,658	4,282	5,151	5,066	5,518	5,477	6,260	6,786
Change	-	-8.07%	20.29%	-1.65%	8.92%	-0.73%	14.29%	8.39%
Interest Paid ¹	-381	-289	-176	-230	-107	-290.6	-269.2	-255.8
Earnings before Tax (EBT) ¹	581	3,596	4,839	4,595	4,797	4,929	5,765	6,354
Change	-	518.93%	34.57%	-5.04%	4.4%	2.76%	16.97%	10.2%
Net income ¹	-199	2,711	3,716	5,260	10,075	3,706	4,357	4,792
Change	-	-	37.07%	41.55%	91.54%	-63.22%	17.57%	9.98%
Announcement Date	2/12/20	2/10/21	2/4/22	1/27/23	2/2/24	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	9,018	9,286	7,689	7,743	8,118	8,219	8,637	8,240	8,768	7,095	7,351	7,536	8,113	8,711	8,696	8,458	8,421	8,234	8,711	8,442	8,635	9,044	9,704	9,342	9,286
Change	-	2.97%	-17.2%	0.7%	4.84%	1.24%	5.09%	-4.6%	6.41%	-19.08%	3.61%	2.52%	7.66%	7.37%	-0.17%	-2.74%	-0.44%	-2.22%	5.79%	-3.09%	2.29%	4.73%	7.3%	-3.73%	-0.6%
EBITDA ¹	1,524	1,706	1,441	1,451	1,566	1,778	1,812	1,627	1,647	1,548	1,652	1,621	1,654	1,856	-	1,831	1,790	1,834	1,950	1,821	1,763	-	-	-	-
Change	-	11.94%	-15.53%	0.69%	7.93%	13.54%	1.91%	-10.21%	1.23%	-6.01%	6.72%	-1.88%	2.04%	12.21%	-100%	-	-2.24%	2.46%	6.32%	-6.62%	-3.2%	-100%	-	-	-
EBIT ¹	1,006	1,235	942	999	1,106	1,350	1,387	1,203	1,211	1,230	1,319	1,278	1,239	1,411	1,442	1,361	1,304	1,379	1,483	1,320	1,340	1,543	1,724	1,576	1,569
Change	-	22.76%	-23.72%	6.05%	10.71%	22.06%	2.74%	-13.27%	0.67%	1.57%	7.24%	-3.11%	-3.05%	13.88%	2.2%	-5.62%	-4.19%	5.75%	7.54%	-10.99%	1.51%	15.16%	11.7%	-8.59%	-0.41%
Charge d'intérêts ¹	-91	-61	-84	-70	-74	-32	-58	-43	-43	-45	-40	-69	-76	-165	140	-44	-38	-20	-63	-128	-92	-55.5	-55.5	-48	-45.5
Earnings before Tax (EBT) ¹	-2,516	1,128	753	849	866	1,417	1,286	1,128	1,008	1,160	1,246	1,141	1,048	1,197	1,388	1,206	1,006	1,304	1,309	1,119	1,197	1,452	1,589	1,465	1,437
Change	-	-	-33.24%	12.75%	2%	63.63%	-9.24%	-12.29%	-10.64%	15.08%	7.41%	-8.43%	-8.15%	14.22%	15.96%	-13.11%	-16.58%	29.62%	0.38%	-14.51%	6.97%	21.34%	9.4%	-7.8%	-1.95%
Net income ¹	-2,519	827	572	652	660	1,104	992	869	752	1,303	1,517	1,243	1,197	1,362	7,027	906	780	980	988	836	897.9	1,078	1,166	1,090	1,068
Change	-	-	-30.83%	13.99%	1.23%	67.27%	-10.14%	-12.4%	-13.46%	73.27%	16.42%	-18.06%	-3.7%	13.78%	415.93%	-87.11%	-13.91%	25.64%	0.82%	-15.38%	7.41%	20.08%	8.14%	-6.52%	-1.99%
Announcement Date	2/12/20	4/23/20	7/20/20	10/27/20	2/10/21	4/22/21	7/22/21	10/27/21	2/4/22	4/27/22	7/21/22	10/26/22	1/27/23	4/27/23	7/19/23	10/26/23	2/2/24	4/24/24	7/18/24	10/24/24	-	-	-	-	-

¹SEK in Million

Estimates

Forecast Balance Sheet: Trelleborg AB

balance-sheet-analysis-chart TRELLEBORG-AB

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	14,603	9,668	8,367	21,229	-2,249	5,628	6,126	5,953
Change	-	-33.79%	-13.46%	153.72%	-110.59%	150.24%	8.85%	-2.82%
Announcement Date	2/12/20	2/10/21	2/4/22	1/27/23	2/2/24	-	-	-

¹SEK in Million

Estimates

Cash Flow Forecast: Trelleborg AB

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	1,797	1,220	1,399	1,298	1,678	1,713	1,614	1,621
Change	-	-32.11%	14.67%	-7.22%	29.28%	2.1%	-5.77%	0.43%
Free Cash Flow (FCF) ¹	3,066	4,135	3,400	2,619	3,577	1,264	4,519	5,050
Change	-	34.87%	-17.78%	-22.97%	36.58%	-64.68%	257.68%	11.74%
Announcement Date	2/12/20	2/10/21	2/4/22	1/27/23	2/2/24	-	-	-

¹SEK in Million

Estimates

Forecast Financial Ratios: Trelleborg AB

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	18.05%	18.77%	20.27%	21.52%	21.49%	21.07%	22.18%	22.8%
EBIT Margin (%)	12.73%	13.04%	15.21%	16.83%	16.09%	16.11%	16.99%	17.71%
EBT Margin (%)	1.59%	10.95%	14.29%	15.27%	13.99%	14.5%	15.65%	16.58%
Net margin (%)	-0.54%	8.26%	10.97%	17.48%	29.39%	10.9%	11.83%	12.51%
FCF margin (%)	8.38%	12.59%	10.04%	8.7%	10.43%	3.72%	12.27%	13.18%
FCF / Net Income (%)	-1,540.7%	152.53%	91.5%	49.79%	35.5%	34.09%	103.72%	105.38%
Profitability
ROA	5.96%	4.93%	6.79%	7.93%	14.75%	6.4%	7.7%	8%
ROE	10.9%	9.37%	12%	14.9%	25.4%	9.68%	11.26%	12.01%
Financial Health
Leverage (Debt/EBITDA)	2.21x	1.57x	1.22x	3.28x	-	0.79x	0.75x	0.68x
Debt / Free cash flow	4.76x	2.34x	2.46x	8.11x	-	4.45x	1.36x	1.18x
Capital Intensity
CAPEX / Current Assets (%)	4.91%	3.72%	4.13%	4.31%	4.89%	5.04%	4.38%	4.23%
CAPEX / EBITDA (%)	27.21%	19.79%	20.38%	20.05%	22.77%	23.91%	19.75%	18.55%
CAPEX / FCF (%)	58.61%	29.5%	41.15%	49.56%	46.91%	135.59%	35.72%	32.11%
Items per share
Cash flow per share ¹	17.94	19.75	17.7	14.84	20.99	20.3	23.7	27.1
Change	-	10.12%	-10.38%	-16.16%	41.41%	-3.29%	16.75%	14.35%
Dividend per Share ¹	-	5	5.5	6	6.75	7.251	7.983	8.622
Change	-	-	10%	9.09%	12.5%	7.42%	10.09%	8.01%
Book Value Per Share ¹	108	107	121.7	146	171	169.6	179.1	189.5
Change	-	-0.93%	13.74%	19.97%	17.12%	-0.8%	5.55%	5.84%
EPS ¹	-0.73	10	13.71	19.94	40.24	15.55	18.77	21.12
Change	-	-1,469.86%	37.1%	45.44%	101.81%	-61.36%	20.7%	12.55%
Nbr of stocks (in thousands)	271,072	271,072	271,072	257,409	243,479	231,899	231,899	231,899
Announcement Date	2/12/20	2/10/21	2/4/22	1/27/23	2/2/24	-	-	-