Trelleborg stock: Trelleborg reports record margin while DNB targets Trelleborg stock at SEK 450

Published on 10/24/2026 at 00:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue rose 8.00 percent to SEK 9.23 billion on October 23, 2026. DNB set a SEK 450 target for Trelleborg stock on October 13, 2026.

Record quarter and valuation

Third-quarter sales reached SEK 9.23 billion on October 23, 2026.
DNB Carnegie raised its target from SEK 410 to SEK 450 on October 13, 2026.
Trelleborg's market capitalization was SEK 87.6 billion on October 23, 2026.

3D-Architekturvisualisierung einer Fabrikanlage, passend zum Profil von Trelleborg AB — Architektur-Render einer modernen Werksanlage repräsentiert Industriestandort von Trelleborg AB, notiert unter ISIN SE0000114837 an Börse, Illustration mit AI erstellt.

Trelleborg (ISIN SE0000114837) reported record third-quarter sales of SEK 9,232 million on October 23, 2026, while DNB Carnegie raised its target from SEK 410 to SEK 450 on October 13, 2026, according to Nasdaq Stockholm and MarketScreener.

Record margin changes the baseline

The latest report showed net sales up 8.00 percent from SEK 8,532 million in the third quarter of 2025. Organic growth contributed 6 percentage points, while acquisitions and currency translation each added 1 percentage point.

Adjusted EBITA, excluding items affecting comparability, increased 16.00 percent to SEK 1,781 million from SEK 1,541 million. The adjusted EBITA margin reached 19.30 percent, compared with 18.10 percent a year earlier, and operating cash flow rose 6.00 percent to SEK 1,845 million.

Three dates frame the stock

On October 13, 2026, DNB Carnegie raised its target from SEK 410 to SEK 450 and retained a Hold rating, according to MarketScreener. On October 21, 2026, Trelleborg disclosed an agreement to acquire Tri-Mack, a US aerospace supplier with 2025 sales of SEK 300 million, in the same market coverage. On October 23, 2026, Trelleborg published third-quarter sales of SEK 9,232 million and adjusted EBITA of SEK 1,781 million through Nasdaq Stockholm.

What does the margin mean for Q4?

Management expects fourth-quarter demand to be on par with or slightly higher than the third quarter, adjusted for seasonal effects. That outlook follows a 19.30 percent adjusted EBITA margin and a 95.00 percent rolling 12-month cash conversion ratio, giving investors two concrete measures for judging execution.

Valuation and operating context

Trelleborg operates in engineered polymer solutions across industrial, medical, sealing, aerospace and infrastructure applications. Its market capitalization was SEK 87.6 billion on October 23, 2026, while the 52-week range stood at SEK 319.40 to SEK 469.80 on the same date. The range places the company near the upper end of its annual trading band, while the latest results add operating figures to the valuation picture.

The company combines the latest margin record with acquisitions in construction sealing and aerospace materials. For investors, the central question is whether demand can hold near the third-quarter level while restructuring and expansion continue.

Market value sets the closing context

Trelleborg's market capitalization stood at SEK 87.6 billion on October 23, 2026, and its 52-week range was SEK 319.40 to SEK 469.80. The further course of trading is shown by the continuously updated real-time quote of Trelleborg stock.