Press release published at The Swedish Wire
At the beginning of 2007, Trelleborg entered into an agreement with Skanska for the sale of land in Södra Hammarbyhamnen, Stockholm, Sweden. A transfer payment of just over SEK 100 M was recognized in the first quarter of 2007.
Due to the detailed development plan now coming into effect, an additional purchase payment of just over SEK 200 M has been determined. The supplementary payment will result in a positive impact on cash balances and a capital gain of just over SEK 200 M for Trelleborg. This will be recognized in the second quarter of 2012.
The press release concerning the sale was published on January 31, 2007.
For further information, please contact:
Media: Vice President Media Relations Karin Larsson, 46 (0)410 67094, 46 (0)733 747015, firstname.lastname@example.org
Investors/analysts: Vice President IR Christofer Sjögren, 46 (0)410 67068, 46 (0)708 665140, email@example.com
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.
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