Sweden's Trelleborg Q1 core profit tops forecast

Newswire

STOCKHOLM, April 28 (Reuters) - Swedish engineering firm Trelleborg reported quarterly core earnings above expectations on Monday and announced a restructuring programme at its Automotive division in France. Group operating profit, adjusted for discontinued activities and restructuring costs, rose to 622 million Swedish crowns ($104 million) from a year-ago 607 million versus an average forecast of 612 million in a Reuters survey of 9 analysts. However, first-quarter sales rose just 4 ...

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