Trelleborg TREL B
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Full analysis: 6 Apr 2026
Latest news check: 17 Jul 2026
General analysis — not personal advice.
HOLD
8/10
Confidence
Hold; consider a small add on a clear pullback or after a strong Q1 print.
Hold: strong balance sheet, high profitability, and buybacks/dividend provide support.
- Limited near-term upside as valuation already prices in quality and organic growth is modest.
- Reassess after Q1 for confirmation of organic growth and FX/volume impacts.
Market sentiment
8/10
↑
Trend: Improving
Sentiment has turned more positive after the Q1 release, supported by the record margin, slightly better-than-expected EPS, and capital return support from buybacks/cancellation and the confirmed dividend.
Risk assessment
3/10
Dilution:
Low
Positive cash flow and buybacks; no equity raise.
Jurisdiction:
Low
Operations mainly in stable developed markets.
Execution:
Low
Proven management and consistent margin delivery.
Recent changes
- New Q1 information appears in the news flow: organic growth +4% and a record 18.4% EBITA margin despite strong FX headwinds, with EPS described as better than expected in the summary.
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Show all changes (2) — follow the company freeAbout the company
Trelleborg is an industrial company developing and manufacturing engineered polymer solutions for sealing, damping and protection in critical applications. Operations are organized into Industrial Solutions, Sealing Solutions and Medical Solutions with a global customer base across aerospace, industrial and medtech end-markets. The company is mature, profitable and cash-generative, with shareholder returns supported by dividends and buybacks.
Sector:
Engineered polymer solutions
Type:
Industrial
Next report
23 Oct 2026
Q3
Catalysts
1 Oct 2026
Potential Automotive leadership change
Low
21 Apr 2027
New share buyback program up to SEK 2bn
High
Unknown
New/extended buyback authorization and share cancellation
High
Horizon:
Bull case
Buyback support may provide a near-term floor.
- Q1 earnings could confirm resilient margins despite macro uncertainty.
- SEK 8.00 dividend may attract income-focused demand ahead of record date.
Bear case
FX headwinds (strong SEK) may weigh on reported numbers.
- Weak industrial volumes could pressure Industrial Solutions.
- Premium valuation limits upside if results disappoint.
Signal rationale (informational)
Hold: strong balance sheet, high profitability, and buybacks/dividend provide support.
- Limited near-term upside as valuation already prices in quality and organic growth is modest.
- Reassess after Q1 for confirmation of organic growth and FX/volume impacts.
Recent news
- Since 2026-07-02: Trelleborg released its Q2 2026 report on 2026-07-16 with record sales of SEK 9,161m (+7%, +8% organic) and adj. EBITA of SEK 1,761m (+11%) with a record margin of 19.2%. Adj. EPS rose to ~SEK 5.07 and operating cash flow increased (~+22%). The company expects Q3 demand to be slightly lower than Q2 due to seasonality and tougher comps. The share buyback program continues (incl. 98,393 B-shares repurchased in week 28).
Price & valuation
Last close
SEK 435
1 week
-0.1 %
3 months
+11.1 %
12 months
+23.5 %
From 52w high
-1.3 %
From 52w low
+31.5 %
Exchange
Stockholm
Type
Industrials
Sector
Engineered polymer solutions
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.