Trelleborg Ab Class B · OMXSTO:TREL_B
Trelleborg Ab Class B — Q1 2026 Earnings Presentation
29 slides from Trelleborg Ab Class B's earnings presentation, Apr 23, 2026
Slide 1: January-March 2026
anuary- March 2026 ~ Peter Nilsson, President & CEO — ~ Fredrik Nilsson, CFO — : VU TRELLEBORG
Slide 2: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q2 2026 Q&A 2 TRELLEBORG GROUP
Slide 3: A good start to the year
A good start to the year Q1 2026 financial summary1 • Sales at SEK 8 606 M (8 866), a decrease of 3 percent • Organic sales +4 percent, M&A +2 percent, currency -9 percent • EBITA at SEK 1 586 M (1 616), corresponding to a margin of 18.4 percent (18.2) – highest to date for a first quarter • Currenc
Slide 4: Net sales and organic sales development by geography
Net sales and organic sales development by geography Region Share of global Net sales, Organic Net sales, Organic net sales1 SEK M growth,% SEK M growth,% Jan – Mar 26 Jan – Mar 26 Jan – Mar 25 Jan – Mar 25 Europe 43% 3 903 +3% 3 838 -5% Americas 33% 2 801 +8% 2 917 +3% Asia & 24% 1 902 -1% 2 111 +1
Slide 5: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q2 2026 Q&A 5 TRELLEBORG GROUP
Slide 6: Slight organic growth
Slight organic growth Trelleborg Industrial Solutions1 • Organic sales +1 percent; M&A +3 percent • Sales decreased due to negative currency SEK M Q1 2026 Q1 2025 Change, % translation rate effects Net sales 3 735 3 890 -4 • Still temporarily lower project deliveries – good Organic, % +1 +2 orderboo
Slide 7: Solid organic sales growth
Solid organic sales growth Trelleborg Medical Solutions1 • Organic sales +5 percent • Solid sales growth to medtech in Europe and SEK M Q1 2026 Q1 2025 Change, % North America, while Asia was more sluggish Net sales 800 848 -6 • Life science segment delivered strong Organic, % +5 +5 global growth •
Slide 8: Solid organic sales growth
Solid organic sales growth Trelleborg Sealing Solutions1 • Organic sales +6 percent; M&A +2 percent • Sales to the industrials segment improved SEK M Q1 2026 Q1 2025 Change, % across all regions Net sales 4 252 4 343 -2 • Automotive segment declined, mainly on account of lower aftermarket sales Orga
Slide 9: Sustainability KPIs – Group
Sustainability KPIs – Group Carbon dioxide emissions Scope 1 & 2 +/- 0% ktons, CO₂ 18.0 16.5 16.5 16.0 14.0 12.2 12.2 12.0 10.0 8.3 8.0 6.0 4.0 2.0 0.0 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 9 TRELLEBORG GROUP
Slide 10: Sustainability KPIs – Group
Sustainability KPIs – Group Share of renewable and fossil-free electricity +1 pp GWh 93% 94% 100.0 80.7 84.4 80.0 74.8 79.4 77.2 79.6 76.8 78.7 79.1 71.9 60.0 40.0 20.0 0.0 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Renewable and fossil-free electricity Total electricity Renewable and fossil-free electricity / T
Slide 11: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q2 2026 Q&A 11 TRELLEBORG GROUP
Slide 12: Organic growth but negative F/X impact
Organic growth but negative F/X impact Group sales development -3% 8 866 January – March 2026 (%) 8 606 Organic +4 Structural +2 Currency -9 Total -3 Q1 25 Q1 26 12 TRELLEBORG GROUP
Slide 13: Target: 8% annual sales growth with constant currencies over a business cycle
Target: 8% annual sales growth with constant currencies over a business cycle1 % 20% 16 12 10% 8 7 7 5 6 3 3 4 4 0 0% -5 -10% 23 23 23 23 24 24 24 24 25 25 25 25 26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Of which organic growth, %: 7 3 -1 0 -3 1 1 1 1 -1 4 1 4 1 Structural growth + organic growth, e
Slide 14: Sales development
Sales development Group, R12M SEK M SEK M 9 000 35 000 8 000 30 000 7 000 25 000 6 000 5 000 20 000 4 000 15 000 3 000 10 000 2 000 5 000 1 000 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 22 22 22 22 23 23 23 23 24 24 24 24 25 25 25 25 26 Quarter (LHS) R12M (RHS) 14 TRELLEBORG GROUP
Slide 15: EBITA-margin improved further - highest to date for a first quarter
EBITA-margin improved further - highest to date for a first quarter EBITA and margin development1 -2% +0.2 pp 1 616 1 586 18.2 18.4 EBITA Jan - Mar EBITA % Q1 25 Q1 26 Q1 25 Q1 26 1 Excluding items affecting comparability 15 TRELLEBORG GROUP
Slide 16: R12M EBITA
R12M EBITA EBITA and margin, R12M1 SEK M % 7 000 +/- 0% 20 6 000 18 5 000 4 000 16 3 000 14 2 000 12 1 000 0 10 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 22 22 22 22 23 23 23 23 24 24 24 24 25 25 25 25 26 EBITA EBITA % 1 Excluding items affecting comparability 16 TRELLEBORG GROUP
Slide 17: Profit & loss statement
Profit & loss statement SEK M Q1 2026 Q1 2025 Change, % Net sales 8 606 8 866 -3 EBITA, excluding items affecting comparability 1 586 1 616 -2 EBITA-margin, % 18.4 18.2 EBIT, excluding items affecting comparability 1 448 1 462 -1 EBIT-margin, % 16.8 16.5 Items affecting comparability -42 -61 EBIT 1
Slide 18: Underlying EPS growth, despite negative currency impact
Underlying EPS growth, despite negative currency impact Earnings per share1 % % +5% +7% 6 6 4.35 4.28 4.50 Group 4.08 Jan - Mar 4 Group 4 excl. items affecting 2 2 comparability 0 0 Q1 25 Q1 26 Q1 25 Q1 26 18 TRELLEBORG GROUP 1 No dilution effects
Slide 19: Solid cash flow improvement
Solid cash flow improvement Operating cash flow1 SEK M Q1 2026 Q1 2025 Change EBITDA 1 944 1 982 -38 Working capital -604 -688 84 102 0 937 84 Net capex -277 -379 102 821 -32 Leasing -92 -92 0 -38 Other -34 -2 -32 Operating cash flow 937 821 116 Q1 25 EBITDA Working Net Leasing Other Q1 26 capital c
Slide 20: Cash conversion remains at a strong level
Cash conversion remains at a strong level Operating cash flow, R12M1 SEK M % 6 000 140 5 500 5 000 120 4 500 100 4 000 99 92 95 92 93 95 3 500 88 89 90 80 88 85 87 3 000 74 75 2 500 76 69 60 63 2 000 40 1 500 1 000 20 500 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 22 22 22 22 23 23 23 23
Slide 21: Strong balance sheet despite numerous acquisitions and share buy-backs
Strong balance sheet despite numerous acquisitions and share buy-backs Gearing and leverage, R12M % X 60 56 2.5 2.4 50 2.0 40 1.5 30 1.1 20 21 1.0 0.9 1.0 20 16 10 0.5 0 0.0 -10 -6 -0.2 -0.5 22 23 24 25 26 22 23 24 25 26 Q1 Q1 Net debt / Equity Net debt / EBITDA 21 TRELLEBORG GROUP
Slide 22: ROCE impacted by several acquisitions with initially lower margins
ROCE impacted by several acquisitions with initially lower margins Return on capital employed, R12M, %1 17.5 16.5 15.7 16.1 15.9 14.9 15.0 13.9 13.0 12.9 12.7 13.0 12.5 12.2 12.5 12.0 11.7 12.0 12.1 12.3 10.0 7.5 5.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 22 22 22 22 23 23 23 23 24 24 24
Slide 23: Financial guidelines for full-year 2026
Financial guidelines for full-year 2026 SEK SEK SEK ~1.45 B ~375 M ~650 M ~25% Capex Restructuring Amortization of Underlying costs intangible assets tax rate 23 TRELLEBORG GROUP
Slide 24: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q2 2026 Q&A 24 TRELLEBORG GROUP
Slide 25: A good start to the year
A good start to the year Q1 2026 financial summary 01 02 03 04 Improved Margin Adverse Continued demand improvement currency impact share buy-backs All three business Highest EBITA Currency translation Buy-back program areas recorded margin to date for a reduced sales by 9 continues at a rate of org
Slide 26: Outlook Q2 2026
Outlook Q2 2026 • Demand is expected to be somewhat higher compared to the first quarter of 2026, adjusted for seasonal variations • Due to the geopolitical situation, the outlook is associated with continued uncertainty 26 TRELLEBORG GROUP
Slide 27: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q2 2026 Q&A 27 TRELLEBORG GROUP
Slide 28: TRELLEBORG GROUP
28 TRELLEBORG GROUP VU TRELLEBORG
Slide 29: www.trelleborg.com
VA TRELLEBORG www.trelleborg.com